Mike Dymski
monetized installment sale
I am considering a monetized installment sale and would be grateful to connect with anyone who has done one before. This is a difficult transaction to get comfortable with and not a widely known strategy.For those no...
Matt Michaels
Financial Accounts for Real Estate
Hi all - I am in the process of buying a duplex property within the Pittsburgh area, and wanted to gain expertise from the members of the BP community. As I am looking to start financing the deal, I was wondering if y...
Vincent Plant
Buying Tenant Owned Property - Seller wants to keep Security Dep.
I'm in the process of putting together a deal where I am buying 2 twin properties. Its one building but two separate homes side by side and I'm buying them both simultaneously. They are both tenant occupied, and I wil...
Steve DellaPelle
First/Last/Security - What to Charge?
Hello,I am reading into what is allowed by the State of Massachusetts for charges such as first/last/security...I understand that:1. I can collect a security deposit = to rent2. This security deposit needs to be place...
Marcus I.
How do you secure a loan with no job employment?
So I recently had to leave my job in New Jersey and move out to Virginia due to the current pandemic, and to be here to welcome my first child into the world (which he is due soon). Since I am not currently employed, ...
Justin Sumulong
Handling funds for different rental properties
When one owns multiple rental properties, would it be recommended to have multiple checkings/savings accounts for each property or can more than one property be handled in one set of checking/savings accounts?I unders...
Henry Sims
Private Money loan
Hey, BP land, I have a quick question for you all. I have a friend who sold his mobile home park so he could retire. He wants to make a little more on his money than a CD will provide. I'm looking to scale my busines...
Shawn Lawson
Real Estate Group Investment
Hello all,I’ve recently brought a group of likeminded individuals together with a common goal to invest in real estate collectively. Since the capital will be raised quite quickly, due to more funds being allocated to...
Sharon Smith
Or is it an honor to pay the taxes?
Call me a patriotic fool but this is one great country and I often think it's but luck of the draw I was born into it. Happy to pay.
Honor might be pushing it.....
Sharon in Milwaukee
Russell John Walsh
Screening applicants with a co-signer
I may choose to vet a young couple , both currently off their jobs due to being non-essential. They want me to take a co-signer.
It seems, I would fully screen the two people, and the co-signer
Would I ask for tax...