Derek Tellier
Renting a room to your kids 18 year old friend?
So posting in off topic as I really don't know how this fits in, just wondering if anyone out there has been in this situation. My daughter's friend turns 18 at the end of August, her grandmother has already said once...
Donovan Lietch
Tax Consequences of Paying out investors
Hello, I'm looking to recruit investors in a house flip, similar to a crowdfunding scenario. So my question is whether there is any tax liability to those investors.Assume one particular investor gives me (or my LLC)...
Jason Nelson
New duplex with long term tenants.
Closing on my 1st duplex next week that has current long term, month to month tenants occupying both units. Any tips or ideas regarding forms or documents I should give them shortly after close? Looking to lock them i...
Laura M.
SDIRA recommendations: want to purchase house quickly
My neighbor passed away unexpectedly. He was a lovely man, but a real slob, and I am trying to buy his house from his next of kin, a brother & sister who are not as eager to sell as we had hoped. The place needs a...
Dan Henderson
Protecting Myself In a Partnership While Flipping
I live in the Waco, TX area, and am looking to flip homes here locally in the McLennan County area. I currently run two businesses here in town, and time is my perishable commodity. Flipping doesn't sound like a great...
Mark Abbott
Bought a house at forclosure auction in Louisville KY, now what?
hello, just bought a duplex in Louisville KY it was a commisioners forclosure, now what do i do?
Fayez Shantanu
Hard money lenders for 20% down payment for Freddie Mac Loan
Hi BP folks,Lets say I like to make a deal on MF unit that have cap rate of 8% and If qualified for Freddie Mac loan that will let me have 75% LTV but then can I have the remaining 25% from hard money lender (but non-...
Nick Portillo
ATTENTION ALL MILWAUKEE INVESTORS
I am gearing up to invest in duplexes, triplexes, and fourplexes in Milwaukee, Wisconsin. I am going with a buy and hold strategy and I will be investing from out-of-state because I live in Southern California... My g...
Charles Lloyd
Newbie in South Arkansas
My name is Charlie and I am new to BP and actively seeking my first investment property. I grew in N.E. Texas, lived in Houston for 9 years after graduating from Texas A&M and for the past year have called a small...
Adam Riscoe
Renting my primary residence out month to month
My wife and I are taking a 4-6 month trip to Europe and Asia this Fall. We already found a short term tenet willing to sign a 3 month lease with an option for a 4th month. The rent covers PITI and utilities with a lit...