Alex Yee
Process in buying 2nd property right after the first & qualifying for loans
Hi folks! This is my first post on BP (yay!) I appreciate all the advice on this platform and love being a part of this community.I just came back from Las Vegas where I was looking for my first investment property. I...
George P.
my commercial agent: "over 8% CAP does not exist"
i have been working with an agent that has been working on commercial RE only for the past 10 yrs. he is an older guy, around 76. we looked at a few properties together and when i told him what i was looking for "arou...
Julie Kern
Should I hold firm or negotiate this deal?
We put an offer in on a property yesterday and we're waiting for the seller to "run numbers" and get back to us (tomorrow morning). My plan was to hold firm at our offer price, but now I'm wondering if that's the bes...
Brandon Laughridge
AirBnB in Non-sexy Markets
I currently live in a really popular tourist area in Southern California (La Jolla) and know of many people that are having tons of success renting extra rooms, units, or their whole property through AirBnB.
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Ashan D
1/3 Of My Income To Taxes If I Don't Do Something!
Guys,
I have been thinking about taxes lately and have come to realize that they will hit me very hard if I do not proactively find a solution. I trade the markets with with few expenses to deduct and will be in the ...
Jason Thomas
Worst tax consequence of Rental Sale
Ive been trying to confirm the tax consequence of selling my rental unit and am so far astounded at the negative tax implications ive found. I purchased this unit in 2001 for $400k and converted it to a rental in 200...
Derek Luttrell
How Often Do Things Really Go Wrong?
Hi Everyone, Pardon what could be a wildly ignorant question, but I drove from Chicago to suburban Indiana last weekend to look at some duplexes, and I am doing the same this weekend--needless to say, I am incredibly ...
Sunil Chauhan
New TurnKey Investor Requires HELP!!!
Hello to all BP members,I am a UK citizen and have loved the US from a very long time. I am looking to purchase a number of properties in the near and foreseeable future and would like some honest advice. I've seen pr...
Anastasia Jordan
Tax Lien Redemption Problem (Took a loss in these streets......)
Purchased a tax lien.Took possession.Made repairs.Received a redemption request.Responded within 10 days with a bill for repairs.Redemptioner received the bill (certified mail signed receipt) on 12/12/17.Lawyer respon...
Bob Mazza
Security Deposit - Apartment is covered in grease!!!!
Looking to help from the BP community in figuring out how much of a security deposit I should hold back. I had tenants move out of a small studio apartment I have about 3 weeks ago. When I went to get the keys the apa...