Trey Schwilling
New to real estate investing, contemplating carwash/storage property.
The property has four self-serve bays and one automatic. There are 51 storage units on the same property. Carwash income in reportedly 11,900 monthly. All storage units are rented and monthly income is 2,225. Seller r...
Nathan Gesner
Landlord Rescue: Nightmare tenants (with pictures)
@James Wise shared a horror story so I'll share my most recent example. This isn't Cleveland but we still have our problems.I pick up a lot of business from private Landlords that manage their own rentals. This is a r...
Michaela G.
New shower heads in flip
FYI - this is the type of shower head that a man with short hair might put into a rehab - because it looks cool. This is also the type of shower head that will turn off a woman buyer with long hair, because most of us...
David Mazza
Portfolio Strategy Tax Question
Hey all, I have a very high level tax strategy question / hypothetical as a sole proprietor LLC.
Let’s say I own a place worth $100k. After expenses, I net $15k in cash flow at the end of the year.
I then take tha...
G. Gooden
Rent-Back Tenant Claims Refusing Damage Claims
State: Virginia
I recently purchased a home back in August, and did a rent back to the Sellers until end of September. After closing, we had [Buyers] did a walk through with a Home Inspector and didn't turn up anyt...
Katherine Rossell
Flea Problem
Yesterday I was talking with my tenant and he said that he was getting attacked by fleas. In conversation he explained that the fleas must have stayed in eggs in the house before he moved in because before he lived th...
Benedict Feole
How to Sublease Rooms without Rmmts Knowing You're the Landlord?
Hi all, I'm getting a three-bedroom place in Brooklyn (Greenpoint) and am going to furnish the full place myself (I took the lease in my name), and sublease the other two bedrooms for more than mine on 3-6 month lease...
Brian Buchanan
New Member from MO and a Few Questions
Hello, new member here and beginner investor. I'm in the St. Louis, MO metro(out in the suburbs) area current business owner(non real estate related). Looking to get in real estate. I do have a background in mortgages...
Chad McDaniel
Passive income Ideas?
I once read (or heard) that everyone should have at least 7 different forms of passive income. Other than real estate, What are some of you doing to create passive income?
I currently own and opperate a small vendin...
Rick Santasiere
Lead Paint Remediation
Good evening BP Colleagues. Has anyone ever gone through a Lead Paint Remediation process before? In my experience, if Lead Paint is proven to be present (and is disclosed), the property is labelled to the world. So...