Paul Doherty
1031 Exchange - questions
I'm considering selling a property I own outright (worth 150k) and then, after realtor's fees, using a 1031 exchange to use the return from that sale to fund three or four new houses (30-35k down each). I understa...
Willy Ayala
Does this sound like a good deal?
Hi BP Family, I have been listening to the BP podcasts and watching the videos for quite some time. I am a new investor and would like your feedback regarding the following deal in Wiley, TX.Single-Family Home - 265k...
Account Closed
50% Rule and Analysis
Hey everyone,I am a new investor set to buy my first home. I have my team assembled, down payment ready, and am now looking for a deal. I'm mainly looking for 3 bed/1 bath houses around the $40-60k with little rehab n...
Davit Gharibyan
Applicant put a shelter as his current address
Hi,An applicant put a Salvation Army shelter as his address. I have called and verified that he lives there. According to them he had to take care of some financial responsibilities while there, now he is ready to tra...
Aspen P.
Tenant Improvements Without Authorization
We have tenants that have signed a four-year lease. They've been somewhat high maintenance so far, with 1-2 maintenance requests every month since they moved in three months ago, but so far they have been reasonable ...
Jean Norton
Do I need an Attorney for E&O Claim against Property Management?
Two years ago I bought a Condo in Chicago. The property management company that represents the Condo Association said I could furnish it and rent it monthly as a corporate rental, which I have done.Now they state I m...
Pratik P.
Splitting agent commission
Hello everyone,I couldn't find the answer to my specific question anywhere else so I was hoping fellow BP'ers could help me out!I'm looking to team up with an active RE agent so that when I make an offer for a propert...
Tony Jefferson
Tax Sales List Question
I was wondering if anyone knew if the "over the counter" sales or offered in every state. I buy tax sale properties in Indiana, Indianapolis. There are always a number of properties left on the surplus tax sales list...
Shane O'Donnell
Orlando Air B & B Option
I own two condo units that I've rented out on typical annual leases for the last ten years. I'm considering looking into the option of turning these units into Air B & B's. I've seen some recent news on local legi...
Thaddious Echols
LLC, S-Corp, or C-Corp
My wife and I are just starting out with REI. We've set up company emails and a website. Now we are trying to get the tax and EIN stuff straight. What's is the best path to ensure we don't start out on a bad note by p...