Nick Wehrley
Sell a “good” rental?
I have a long distance SFH that cashflows about 500-600/mo on paper and have owned it for 3 years. This thing should be a machine but the PM always seems have something come up that causes me to not cashflow. I’ve bee...
Michael Plaks
EXPLAINED: Tax strategy or an abusive position?
This post was prompted by a discussion of a specific STR-related tax strategy on another thread. But the concepts apply across a wide range of topics, so I'm posting my TED talk separately.
1. The annual nature of ta...
Marc Izquierdo
Speaking to one of the multiple denied applicants about denial
Hi Everyone,I am denying two applicants (co-applicants) that applied for one of my units. The two applicants are not married. I mainly communicate with one of the applicants. After I denied them, she is asking for ...
Jameson Sullivan
Hiring a lawyer for initial LLC formation
I just met with a lawyer this morning, he wants 1250 bucks to do my LLC formation papers, I understand I can do this online but I want to make sure that everything in the future that I do is air tight and Im willing t...
Raj Kumar
Any red flags here ?
Hi, I am the first time landlord and this is my very first property for LTR. I just listed a new construction single family home for rent, and I signed the lease with one of the application and lease starts from end o...
Andrew Royster
Obtaining a RE License to access MLS?
Hey BP - is it worth getting my real estate license for access to the MLS? Or would I be better off paying for it?
Tony Thompson
Dave Ramsey's Real Estate Story?
I understand that Dave Ramsey offers "average" advice to people that don't know how to use a credit card.
But, Dave Ramsey apparently used to be a real estate investor. I did a quick google search and found that he ...
Matt Jankowski
Buy pre-market REOs?
This is a super newbie question, but I just don't know the answer for sure....
On bank-owned properties, is there anyway to negotiate a purchase "earlier in the pipeline"? That is, before they receive BPOs, fix-ups, ...
Zac Willis
Tips on closing cash deals on FSBO
My wife and I have decided to purchase our first rental property. We are purchasing a property from a family member for a nice cash deal. For the sake of discussion let's say it's not a family member, but a regular ...
Umesh Menon
Victimized by WireFraud on a Real Estate Sale - Need advise
Hello BP Community,We sold our home and the portion of the funds (~ 400K) that had to be wired to our Mortgage Servicer was sent to a fraudulent account (Wire fraud) by the title company. While Title company is invest...