Sean Link
Part 3: Closing my first deal. What I would do differently. Lender Backout.
After I paid 75% of the expense to fix the egress windows, my lender backed out of the deal for another detail that was mentioned in the appraisal. I frantically reached out to 4 mortgage brokers and 1 bank. Amidst my...
Patrick K.
Anyone has experience leasing commercial space and turn into hotel?
Hi all, I am considering leasing an industrial space in Toronto and turning it into a boutique hotel. However, I have not seen many people leasing space for hotels, even though residential/Airbnb arbitrage is very pop...
Anthony Freeman
Experienced General Partners or LLC managers
Have you ever purchased more property under the same LLC with an existing operating agreement? How did the amendment process go? Did you keep the same agreement?Is it better to start a new LLC with the same members wi...
Darsh Patel
How to pay off balloon payment - Any ideas?
Hi Everyone! I have come across a pretty exciting real estate deal and have worked out terms for seller financing on it. I only have to put 5% down on a portfolio of 11 SFH which is exciting because I could almost dou...
Corby Goade
Purchasing a buy and hold property in another state
Who has done this? What struggles and victories have you experienced?
Jonathan Bell
Syndication GP's in Atlanta
I'm new to syndication and I'm looking to connect with anyone in the Atlanta market or anyone close to it who is a GP. I've attended a couple of meetups but I haven't come across a GP so I've decided to continue my se...
Neera Melwani
Tax Filing & Cost Segregation
Hi Everyone! In 2022, I was taking SL depreciation for my rental properties (1 apartment building and 4 4-plexes). I did a cost segregation study in order to take advantage of bonus depreciation and I have a couple q...
Ryan Yu
1031 and BRRRR
Hi, here's my question. If I buy a 4 unit multifamily property using a 1031 exchange for $2 mil then use my own cash to remodel it, then have it appraised for $2.5 mil. Can I then refinance the property and take some ...
Robert Borer
SD-IRA Tax Handling for Investing in Single-Member LLC
Greeting BP RE tax gurus:I've received a notice from my SD-IRA custodian to report the fair market value of my "investment". I invested in a Single-Member LLC, of which I am the "Single-Member". The single-member LL...
Joe M.
Medium Term Lease Q's: Security Deposit terms, etc.
Hey BP! I am listing my townhome as a shorter (medium)-term fully furnished rental (30+ days required but less than 1 year, not Airbnb) and am planning to appeal to travel nurses, interns, and maybe those who just nee...