Megan Frank
Gas odor reported by tenant, who pays for the gas company check?
A week or so ago our tenant reported that the basement smelled of gas and they were worried there was a leak. We instructed them to call the emergency line for the gas company and have them come out. They did and the ...
Adam Byrne
Realtor asked for advance on commission. Ethical violation?
Hi BP!
My realtor in PA begged me to advance her several thousand dollars in cash before closing on a portfolio of properties in order to pay her personal bills. Due to some complications in closing, we only ended up...
Christy McLemore
Best Rent Collection for Duplex?
Looking for reviews on rent collection for a duplex- Would like them to pay online or with an app. If they could place service calls/message through the app as well that would be a plus. Just for a duplex so not looki...
Ron Read
Has anyone bought a whole LLC instead of the assets?
I've identified a distressed seller of a multi-family, but I can't quite scrape up the 25% to get the commercial loan. The seller owns the building in the name of XYZ LLC, and doesn't own any other properties.I was c...
Jamie Brayton
Flipping with family & tax implications
My husband and I would like to do a flip and partner with my father. I'm looking for advice on how best to structure this. We'd like to split net profits 50/50 and I'd prefer if he can also get the tax benefits. Addi...
Paul Wakim
First Deal (1-11 units)
Hello! So, I have been reading up on some buy and hold acquisition strategies but I would like to know what others in the community have to say about analyzing my first deal. So I have the potential to purchase 1 - 11...
Cliff Harrison
Rate of Return calculation for early mortgage payoff
Situation:Single Family Rental financed on 15 year note. P&I payment is $330 dollars. 13 years remaining on amortization schedule. Payoff amount is $35,000. Interest rate is 5.25%. No plans to sell, assume a ...
Blake Speck
Picking separate rental due dates
As a landlord with several single family homes, is it better to systematically have renters pay on a few different days to the central office or have everyone pay on the 1st of the month? I have known landlords to do ...
Dmitriy Pukhov
Enforcing a second mortgage: dual closing?
I'm a lender with the second mortgage on a residential property. If, in case of a default, I were to enforce the note, it is my understanding that before taking the property over, I will have to pay off the first mort...
Juliette Lerner
How do you know if you are paying too much for a CPA?
Is there an average price to pay for multi-state tax returns (3 commercial and 3 residential rental properties) in California? I believe I am being overcharged but it seems like a huge risk to search for and switch CP...