Barry Je
How do partnerships work?
Let's say a couple friends and I want to invest together, and all three of us live in different states. How does one go about this?Will a bank lend to three unrelated people? Can we quit deed claim into our LLC? Ri...
Jack Martin
Mechanic's Lien on Property After Closing
PLEASE HELP!The house I just purchased on December 6th has just received mechanic's lien for $15K for what I would assume would be for the new the roof the seller's put on the house prior to closing... Can this lien b...
Evan Loader
Offsetting passive gain on K-1 with passive losses from other K-1
My CPA firm is preparing my 2021 taxes, this is my 2nd year using them and I haven't had any notable issues until now. I invest significantly in syndication deals so I have a handful of K-1s from multiple states. I ge...
Christopher Lombardi
Property Insurance - self insurance
Does anyone know anything about self insuring your properties and doing it in a way banks are comfortable with? I just pay way too much in insurance and if I could put that money into an account instead I would have...
Naomi Moore
What is the best way to vet syndications?
Hello
I want to invest into syndications.
1.) Anyone have any tips on vetting them?
2.) Anyone have any specific ones they'd recommend?
I realize I have a lot of work in front of me, but just looking for a way to...
Dustin S
Killer probate deal - need advice
Hi!
My partner and I opened escrow on a property with a seller who was contacted through my partner's direct mail campaign. ARV is $400K, 10K in repairs, purchase price is $285K. We were told by the seller th...
Alexander Owen
Second Multifamily financing, Massachusetts
Hi, Everyone I’m new here to BP. I’m 23 and just bought my first 3 family unit in Fall River, MA. 2 months ago. My goal is to replace as much of my income as possible with passive income.The property is cash flow posi...
Alex LaBelle
Landscaping Negligence caused AC to go out
I recently had our tenant notify us that the AC was not working at the property. We promptly sent out a technician who determined that the AC went out as the shrubbery had grown to a negligent level around the condens...
Aaron Knoll
Recommendation for a good RE-savvy CPA in Salt Lake valley?
Can anyone recommend a good accountant? To make a long story short: I landlord for 5 years without realizing depreciation was non-optional. I'd like to file an IRS 3115 this year to try to recapture at least some of t...
Chivas Miho
Underground Freezing Pipes Not Disclosed by Seller
Hey BP, so I landed my first OSS rental property a week ago in Michigan and while I'm celebrating my victory as a new RE investor, I find out yesterday that the main water line to the building froze and the tenants ha...