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I'm learning some hard lessons on my second rental property purchase here in California. I inherited 2 tenants that have refused to pay rent since closing on the property in late October. In late November I served a 6...
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There is an abandoned 5 unit property that needs a complete gut and renovation. It is about 2500 sq feet. How much do you think something like that would cost, and more importantly, where could I find financing ...
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I am sure the answer is no but I have to ask. I am looking to purchase a triplex with a large commercial space, it has an overhead door and concrete floors. Great for a plumber, electrician, etc to have a shop. Anyway...
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Does anyone have experience using a HELOC to pay off a mortgage early? I just bought my first property and had never heard of such a concept until I was recently listening to the Real Estate Guys Podcast. I've been li...
Hey guys, I'm a new licensee and I'm just wondering will real estate agents face the same future as stock brokers or taxi drivers due to technology? I'd love to sell real estate and make a career out of it but with al...
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Hello! What are my fellow BP member thoughts on this language? Does it specifically prohibit short term rentals? I'm not seeing that it does and I am living in an ideal situation to move out and STR. This is not a...
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I'm looking to start buying and holding for rent. I've heard that it's wise to hold houses under LLCs for tax and legal protection. How does it work? Do I need to start an LLC for each house? Where can I find out m...
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I see this question pop up a lot on BP: "how do I evict a tenant in [city, state]?" I've had to evict a few tenants from properties I've owned in different states, but I always rely on property managers to contact the...
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I bought a small multi-family about a year ago and inherited a terrible section 8 tenant who constantly complained to Housing dept. about every little thing and made my life hell... Her lease wasn't extended and she v...
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Hey BP family!I wanted to get you guys' input on what your thoughts are investing in a rental property across the country. For example, I live in the Bay area and there is no way I can invest in a property around here...