Marianne Kelsey
Inherited Portfolio in Southern California
Hey all!My father has recently passed away leaving his modest portfolio to my two brothers and I. All of the properties are paid off, however due to the recent passing of Prop 19 we are unsure of how the tax burden wi...
Jake Thomas
9-5 M-F or 7 days a week Realtor
I have been selling real estate for around 5 years now and always wondered if I work too much. My family is about to grow by one here in a few days (first child) and I wonder if there is any real benefit to being a re...
Nate Crump
Getting Money out of a Simple Retirement Plan
I have a question on behalf of a friend who isn't a member here. He is a small business owner, so he has money socked away in what he told me was called a "Simple Retirement Plan". I don't know much about those th...
James Fowler
Allow Tenant Swing-set?
My new tenant moving in has three children, and would like to assemble a swing set in the private fenced yard behind the house. This was purchased by her, but is asking for my permission to allow it being used. From a...
Calvin Chan
1031 Exchange with Parents
Hey BP community,
I have a question regarding a 1031 exchange with my parents. They want to sell an investment property and use the 1031 exchange proceeds to help with putting a down payment on a house for my famil...
Dreama Rice
Turnkey property and Bad inspection
Hi everyone. My husband and I are new investors with 1 inherited property. We started listening to podcasts and decided to go down the path of financial freedom through real estate. We plan on investing about 15-20 gr...
James Park
Planning for your child's future college expenses. Vanguard 529
Just curious to see if any of you have contributed to an education IRA 529 plan for your child's future college expenses. I have heard that the 529 plans in Utah and Nevada area the best as you can select low fee Vang...
Liwei Zhou
Applicant has no job but wants to pay 12 months rents
Hi all, new landlord here. This applicant recently divorced with one kid and 2 dogs. She was a stay-home mom and has no income. As part of the divorce, they are selling the house, and it is under contract (verified th...
Felipe Carrillo
Rent payment method for tenants
Hey BPers,Looking to get my first rental property rented out and I'm wondering what's a good system to offer to allow tenants to pay rent. I've heard that this could get tricky because if the tenant doesn't pay on tim...
Taylor Beal
Broken Window Payments
Hi All,
Had a section 8 tenant who says that a child outside on the street (not her child) shot a beebee gun at a living room window, and the window is cracked.
How would you handle this?
Do we replace and charge ...