Trevor Levine
Can a WY LCC own a % of a CA property if it's a passive investor?
I own 20% of a CA investment property. I'm a T.I.C. partner and passive investor. Meaning, the 80% partner is doing everything from renovations and repairs to property management. I do nothing except receive quarterly...
Bud Evans
First multi-family property bought!!
Ok, I don't want this to be long so here it goes. Ask was 196k, offered 174k, purchased for 179k. 3 tenants already in, one moving out, one changing apartments - downsizing. Plan - close in September, renovate the ...
Tomas Barrios
Tax / legal question about investing out of country.
I am planning to invest out of the country. sending money to Mexico, I would like to get recommendations of what are the legal / tax implications of sending money to other countries, my goal is to invest this money in...
Dennis O'Loughlin
Typical Management Fees
Good evening y'all! My wife and I recently bought our first rental property with a good potential ROI calculation. We met with a potential property manager this afternoon and we were a little surprised by the amount...
Gail W.
Oh CRAP! HELP! Accidental Landlord given bad tax advice :(
OK. So we just could not afford our Laguna Hills, CA house anymore. The kids were gone, the electric bill was massive, the neighbors were awful...so we figured we'd rent it out and find something smaller/cheaper to re...
Alex T.
Evicting a tenant right after buying the house
I just purchased a triplex in Dorchester with 2 tenants in it. One of the tenants reached out to me, and what started as a friendly conversation quickly escalated out of control. The tenant first mentioned issues she ...
Matthew Blue
Tenant wants to install fence
I just rented out my single family home and the tenants asked me if they can install a fence in the backyard because I don't have one. Is it worth the risk for them to do it or maybe ask them to split the cost to put ...
Richard J.
IRA Investing
Hello Everyone:
We are Dawn and Richard in California, new to BP. We are both DRE licensed Brokers, but not active in the public RE arena at the present time. We currently buy at auction (trustee sales), fix and f...
Constantia Petrou
Tenant put in yard irrigation system
Hello,Yard maintenance at the house we are renting out is the tenants' responsibility. They basically need to be watering the plants regularly. While we were away they decided to put in a sprinkler system to automate ...
Jermain Martin
Stalled home remodeling business
I have a 2yr old home renovation/remodeling business in Bronx New York. We have not had much success with consistent work and are now maintaining the business from our own pockets (paying high insurance premiums and r...