Account Closed
Do I need a CPA? ANSWER INSIDE
As your income and real estate portfolio grow, reaching the $150,000 marks in my opinion the beginning of your financial journey into real estate. It's at this juncture where you likely have around 20-40k saved up, an...
Ryan K.
Contractor price - lump sum or breakdown?
Curious to know how everyone is receiving contractor scope of work and pricing for rehab projects, do your contractors provide a scope of work with a lump sum total, or do they break down the items? For example, say y...
Michael C.
Do appraisers check the lot line for the subject property
Hi all,We are in contract for a property and just discovered part of the house may sit on a separate lot owned by another party. Property is located in Gatlinburg, TN. We just checked the county website and discovered...
Gurjot Grewal
Seller not releasing EMD within financing contingency
Hello BP,It's only $1000 but with the language in the contract, it should be returned back to me. My loan was denied due to "excessive obligations" and "lack of income for obligations". I forwarded this to the seller ...
Ted Swagerty
Tax strategies to avoid/mitigate capital gains
Hey folks! An older friend of mine would like to liquidate his four properties but he would like to avoid paying capital gains tax. I suggested that he and I form a LLC and slowly transfer his properties to our LLC. A...
Stan Tallman
Seller threatening to break contract to put back on market (for more $)
I have a small SFR under contract that's being sold by a flipper. It's a turn key, good flip with a few minor issues. We asked for a reduction in sale price for an AC not working and a clogged cleanout drain (concre...
Michael Alford
Building a new REI business in San Diego and beyond
And so the next phase of my life journey begins... I'm currently in the process of being laid off at my job of running a project management office here in San Diego, California.I've decided to build my own future by ...
Drew Osifalujo
Screening Your Own Tenant w/ Property Management Company
I have property that i have recently rehabbed and that I am about to being marketing for tenants through my PM. While I am a big fan of using a PM for day to day activities, the first month's rent that is charged fo...
Sean OReilly
Utility billing solution for Mult-Family units?
I've been looking at a lot of multi family buildings here in NH, and since many of them are older homes that have been converted into apartments (2-4 units), many of which have common heating systems, so the rent incl...
Garrett Hawk
First syndication advice
Hello BP,I'm considering doing my first syndication for a $2 million 51 unit property in the midwest. I personally own 50 units but I am new to the syndication arena. I have the rent rolls and tax returns for the prev...