Chet Hileman
When filing your returns
As a lender one of the biggest mistakes I see on a weekly basis from my investors are tax returns that are simply to aggressive. What I mean by this is that everyone is hell bent on not paying any taxes and instead in...
Monica Evans
3 weeks after tenant move-in, mouse issue
Hi BP, My husband and I just had tenants move into our first rental property on May 1, and just received the below email from them. We are looking for guidance from other landlords on how to handle this situation. Do ...
James Hutson
Finding Master Yoda (and avoiding the fakes)
I wanted to start this discussion by stating that I'm sick and tired of getting approached by people recruiting for MLM companies. The worst part--the last guy swore to me it wasn't MLM and that he was being mentored...
Denise Evans
Alabama Tax Certificates/Deeds and Payment for Improvements
This question came up yesterday, and I thought other people might have the same concern. As a result, I am sharing it here. After a tax certificate sale in Alabama, the investor is entitled to possession and in some ...
Denise Evans
Alabama Tax Sales and Improvement Payment
This question came up yesterday, and I thought other people might have the same concern. As a result, I am sharing it here. After a tax certificate sale in Alabama, the investor is entitled to possession and in some ...
Pope Lake
First Deal - 3 Bed / 2 Bath BRRRR in Birmingham, Alabama
Investment Info:
Single-family residence buy & hold investment in Birmingham.
Purchase price: $70,000
Cash invested: $35,000
First investment. 3 bed - 2 bath, 1860 sqft SFR. Currently executing a...
Scott Menkes
Do I need to change my approach to finding deals?
I am analyzing another SFR in my area (Virginia Beach) that is an REO listed on the MLS that my realtor showed me. We would look at this property as either a flip (primary objective) or a buy and hold (back up plan)....
Owen Dashner
Fire & Ice Damage - Playbook?
I had a not-so-great start to the new year - frozen pipes and flooding at one apartment complex, and a fire in another building.As I was fumbling through what to do with the aftermath of the fire, it got me thinking t...
David Galvan
Preparing a slush fund for the unexpected...
Hello BP.
Does the money in your slush fund come from your own savings?
How much money should I have in my personal slush fund if I want to own 2-3 properties?
Lisa Johnson
Abandoned residential properties
Hi everyone! I am in the process of starting my new career as a house flipper. One of my goal is to find/buy properties in my area that are abandoned. My question is how do I go about this? If there is no record o...