I am currently in the process of purchasing an 8 plex in the Kansas City MO area, with two business partners. One of them is my brother. My brother & I live in Boston MA. I work in the oil & gas industry and t...

Washington state, Cowlitz CountyHello, I am new (2 days) to the landlord scene and I have a duplex with inherited tenants. One tenant has 4 small (large rat size) dogs and claims that they are emotional support/ servi...

Hello BP Community,I am looking to do my first property flip, but am needing to get a little creative on the financing side due to minimal cash on hand. Although my liquidity is limited, I do have a decent amount of c...

Hello, I just purchased my first duplex last month.  What is your practices for preparing for tax season?Should I scan all receipts, keep in a folder on my desktop? or keep a binder of all receipts?Is excel good a goo...

Below is the email that we just sent out to our tenants. Keep in mind, most people don't pay rent just because they fear eviction...Most people pay their rent because they are honest and they honor their contracts. Yo...

Hi all,In the process of purchasing my first rental property. I have my tenant lined up already. Was wondering if I create the lease or pay a lawyer to write my lease? I would much rather avoid the fees of a lawyer an...

What things can you deduct from a deposit?

My tenant moved out but left a lot of damage to the property. After they moved out, they texted me saying that they filed for Chapter 13 bankruptcy and that I should contact their lawyer. They gave me the lawyer's pho...

I will try to keep this short and to the point. We sold a property and hired a QI to handle the 1031 exchange. Our Replacement Identification did not include a percentage ownership (it was/is assumed at 100%) and by t...

I submitted a question to William via Private Message and we thought it would be good to share it with all of you:

[b]Hi William,

I was reading a few of your posts and short sale presentation files and I had a ques...