Joe S.
Best way to compensate someone that loans the down payment
So has someone used money partners for the down payment only. I’m not sure what to offer someone that is interested in investing with me as far as them putting the down payment on a purchase. They would not be signing...
Cole Britting
STR OOS Managing Issues Between Stays
Hi everyone,For those of you who manage your STRs long distance, how do you deal with issues that arise between stays? For example, say a guest rips up one of the cushions on your couch. You would first need to be awa...
Rich Hupper
Writing up an offer
Hi bp. I have a family member funding my investing with their heloc. I am wondering how i should write up the offer(s). They do not want to be on title. However their name is the only signer on the heloc account. The ...
Andrew Jackson
Using Other Peoples Money
Good morning BP,
I have a very specific question for some of you more experienced investors. To begin I have a few deals under my belt now, I began investing last year right around the time corona virus was hitting...
Wai Fung
Funding a LLC
Does anybody have any experience with funding a LLC? Say that I open a LLC in XYZ state and fund it through a third party. The third party will receive a return of course. I want to use the LLC to have the capital to ...
William Richard Arens
Buying Parent’s home for what they still owe, is it allowed?
My Father started a company a few years ago and is currently at risk of losing his 2 million dollar lifesavings if he cannot sell the company (intellectual property holding company). Instead of losing his home, he wou...
Lys Thibault
Take Over Mortgage by Lease to Own
Hello there! I have happened upon an interesting opportunity that I would love some advice on. My dad has offered my husband and I to take over the mortgage on our family home. I'm not exactly sure what that means, so...
Corey Duran
Suggestions for custom income/expense accounts for accounting software
Most software (I use Buildium) comes with standard income/expense accounts. Are there any custom accounts or subcategories you would recommend for write-off purposes or just a general overview of a property at the end...
Wren Martin
Tenant Appreciation - What do you do and Why?
On the Multi-Tenant Commercial properties I manage we do a couple of things each year to show Tenant Appreciation that I feel helps with Tenant Relations and Retention. Once a year we schedule an Ice Cream Social at ...
Bryan Brown
1st property, family transfer
Hi, this is my first post and I am in the process of owning my first property! I am being given a family property that is a single-family home with no debt on the home. I live out of state and will be using this as a...