Kyle Green
The BRRRR STRATEGY!!!
What are the benefits of using a contractor? My father and my uncle do amazing work for cash on the side. Is there tax benefits to using a contractor? Or is it better to save money by having someone else do it for cas...
Dimitri Wilson
HELP! Dealing with PM and Tenants that abuse maintenance calls
New investor (8 months in) investing remotely in Indianapolis. I currently own a SFH and Duplex both being managed by the same PM team.Apart from the expected late rents from C class tenants, the monthly maintenance c...
Brie Schmidt
Tax bill not paid by escrow
Our taxes are all in escrow and here we have a tax bill due 3/1 and then again 8/1 - well our 8/1 tax bill has not been paid and I have been calling for months to try and get this resolved. Finally they issued a d...
Pat A
real estate attorney or Prepaid Legal is adequate?
Hello all,
From reading, it's recommended that RE attorney should be part of investor's team. Since RE attorney would
charge expensive fee, I'm thinking about being member of Prepaid Legal service.
Anyone has this s...
Brian Pulaski
Orange County NY Labor Contractor Recommendations
Hi all. I am hoping there are some NY, specifically Orange County area investors who know of some reliable contractors who will provide labor only. I have only been able to reach out to the big name outfits, who only ...
Andrew Jones
Refinancing a Note
Hello BP,
I purchased a 5+ unit property in the past year where the seller carried financing and he currently holds a note. He contacted me seeing if I could cash him out and he would agree to reduce the principle of...
Kevin Kershisnik
Payoff loan prior to selling property in 1031 exchange
So I’m in a bit of a predicament. We are selling an existing rental property and want to do a 1031 exchange to avoid the tax consequences. One property that we are looking at to invest in as part of the 1031 exchange ...
Bienes Raices
LLC start up costs--reimburse?
I know this is kind of an odd question, but is the LLC required to reimburse me for its start up costs (since I paid for those in my own name)?
For example, the formation company offered a discount for buying multip...
Matthew Poger
Security Deposit Snafu
I have a tricky situation regarding my tenant's security deposit.The situation is such that:- My tenants signed the lease in their name- My tenants employer agreed to pay for everything (1st & last month's rent an...
Leland S.
Dealing with a bad contractor
After paying my contractor 35k, I found his interior work was pretty shoddy. I already had a few issues with the contractor I pointed out and ask for discounts or refunds, but none were ever given, they just acknowled...