Justin Schlechter
MemphisInvest
I've had a few chats with the folks at MemphisInvest and they seem to be very honest, transparent, and good to business with. Chris has done a great job answering questions honestly and directly, however I'd like to ...
Darla N.
Using a DBA, filing joint taxes
My husband and I are in the process of closing on our first property in NY, and its a pure rental/investment property with existing tenants (3 unit multifamily).
We are purchasing under our own names, don't plan to ...
Anthony Vasquez
Coin laundromat owner willing to do seller financing !!!need help !!
Hi I have a owner of a coin laundry shop willing to negotiate seller financing but I’m new and have no idea what I’m doing would be open to a partnership if someone is willing to help me with the process
Peter Fokas
How to screen tenants coming from outside the United States?
One prospective tenant contacted me from the UK inquiring about my rental in NJ. How do I screen someone that is outside of the U.S.?
Priscilla Davenport
Should I give my ill tenant a 30 day notice to quit?
I have a tenant who moved from CA back to MI to care for a sister in with cancer and more recently an ill parent. She could not find anyone to rent her a home because she was a stay at home Mom with no verifiable inco...
Megan Alice
First Multi Family - Phoenix - Help Analyzing Deal
Hi everyone, I’m looking at a 4 plex in Phoenix (Sunnyslope area, C neighborhood) and wanted to know if you would make this deal:$300k purchase price, 25% down. All 4 units completely remodeled, new roof, new plumbing...
Eliot M.
Mobile Home Park Valuation once and for all
Frank Rolfe says: MHP value = Lot rent per month x # of units x 60 or 70Laura Cochran says: MHP value = (Lot rent x 12 x # units)/19% or higherBasic real estate common sense says: MHP value = NOI x market multiple (o...
Mark Updegraff
Questions on Purchasing an existing LLC that hold RE
If you purchase an existing LLC that holds real property do you avoid transfer tax?
Do you keep the existing basis?
If anyone has done this an can elaborate on The pros / cons I would appreciate it. I'm going to co...
Doug McLeod
Made a Noob mistake on purchase #8 - saved by wholesaler with high integrity who values our relationship and my business
I recently closed on my 8th SFR purchase in 18 months. It's the 4th one I've bought from one particular wholesaler. A day or two before closing, I get a call from the wholesaler's sales person advising that the curr...
Cal Ewing
Turnkey-Reviews.com
I just got a chance to review the new www.turnkey-reviews.com website that was recently launched by some of our fellow BP members. I am curious what turn-key business owners think about this site? Do you view it as an...