Reginald S.
How do you keep an abnormally large profit in a Wholesale assignment from your buyer?
I was told by several people in the business that when doing a wholesale assignment deal where I stand to make a larger than normal profit, it is best not to disclose exactly how much I'm actually making. I was likewi...
Jack B.
Anybody ever done an irrevocable trust?
So I'm considering retaining an attorney to create a Wyoming Irrevocable Trust to protect some of my assets.
My rental properties are mortgaged so I can't put them in there, but I want to put money in an account in t...
Salman Ahmed
Unpaid water bill in name of tenant 54000 .responsibility to pay tenant or owner
Hello iam international owner of multifamily property in detroit mi.iam selling my property and have 54000 $ unpaid water bill in name of tenant. Dwsd says it's tenant responsibility but title transfer company is afra...
Troy P.
Trying to sell home to tenant with no financial history
Hi all,I have a tenant who is wanting to purchase the property from me, but by the end of the lease, she will only have 6 months of employment and credit history under her name. She was a single mom in the past and d...
Kwame Knights
Using Wholesalers title company
Good morning BP,
I'm looking to acquire good cash flowing rental property in the DMV area and have a few leads from wholesalers. A common theme i'm noticing is that they are requiring that i use their title company. ...
Sean Ratcliff
Re-capture tax from depreciating your rental
Hello BP,Hope you can help me out. If I was to move back into my rental home for 2 out of the last 5 years I would not need to pay capital gains. My question is what if I depreciated my rental for 15 years and then...
Jacob Murry
Purpose of an LLC on multi-family
Hey Everyone, I have a pretty general question about LLC's. I've read several articles weighing the pro's and con's but I'd love to see BP members thoughts on these questions. I've been advised to open an LLC for each...
Justin B.
150k and bad credit
I have bad credit; some old medical bills, one bad credit card and some student loans as well. My credit is shot for now, and I have been slowly repairing it and paying things off, but no bankruptcies.
I am...
Account Closed
Need new carpet and paint. Will landlord pay?
Hello!
My family and I have been renting the same townhouse for 3.5 years. We are great tenants and have a good relationship with our landlord. Anyway, the townhouses were brand new when we moved in so the house has b...
Adrian Mata
Duplex Help please
I found a duplex that is pretty nice in Indianapolis and being that I'm from WA and CA it is very reasonable but when I use the analysis given, I'm having trouble. Am I doing this correctly?
These are 3-bed 1...