Lily Yu
How to best protect myself renting to a non qualified tenant with qualified roommate
I am considering renting to someone who1. Was a drug addict but allegedly clean for 5 years. Had a felony arrest 5 years ago. 2. Has bad credit3. Has no jobhear me out. his mother contacted me. He is living in their f...
Michael Plaks
Tax reform Q&A Thread 3 - Itemized and business deductions
Colleagues and friends,The original GOP reform thread started by @Brandon Hall is well over 200 posts by now. This is one of the follow-up threads specifically for discussion of personal itemized (Schedule A) deductio...
Anthony Angotti
COVID-19 Tenant Rent Payment Plan
I figured I'd share with you all my policy for my 125 or so tenants in case they lose their job due to COVID-19 related cuts. I have two letters that went out as part of this plan. If you want them I'm happy to share....
Carl West
Why is it soo hard too find genuine mentorship?
How do you really find mentorship about investing in and flipping real estate? Books, seminars, etc etc are all gud but how do u get that real life experience is it best for me too just jump out there and learn own my...
Daniel Gorman
How does a Sponsor buyout the limited partner?
I have studied many types of Equity structures in a syndication scenario with various types of preferred returns, equity hurdles, and more, however I have not been able to find anything about how a sponsor can buyout ...
Ben Kevan
Out of country renters through charity
I recently got an application on a rental from a local charity group for a family that is moving from China to start their roots in the US. They speak no English, and will be supplied a translator from the charity gro...
Patrick Fraire
Negative $800 cash flow/month to help family friend?
What’s up BP fam. I have a situation on my hands and am looking forward to getting your input. So my girlfriend owns a condo she recently moved out of. The condo is located in the city of Orange, California. She purch...
Ryan Heywood
How do you reward yourself?
I'm curious as to how other people here on BiggerPockets tie rewards into their investment process. For example, I'm a car guy and could spend way too much money if I don't keep myself in check. Assets before liabilit...
Jo Zhou
An old couple in difficulty and cannot pay rent, what could I do?
Hi, everybody, could you give me some advises for my situation? I have an older couple (in their mid 70s, they are in the wheel chairs), they have been paying the rent on time for 5 years. Lately, they have been late ...
Michael King
First move out inspection, guidance?
This is my first self-managed property, a 4 plex I closed on this week. One of my inherited tenants is moving out on the 25th, although the lease is to the 31st. That said, he arranged the gas to be switched back into...