Jane S.
SSN not provided by applicants for a rental
Applicants have always provided their SSN on the application but today 3 of them left that line blank. I have never encountered this refusal to provide important information. I was liking them until they submitted inc...
Michael John
Sell or hold? Sec 121 exemption window closing soon!
Two-family home in HCOL area worth $1M
$500K owed on mortgage
$3500/mo PITI
$6000/mo rental income
Have opportunity to sell now; unit 1 would be exempt from capital gains tax via sec 121 exemption (lived in 2 of ...
Nathan Seltzer
Private Financing Structure?
Greetings! I've been a BP member for awhile and while I have purchased real estate with my own money, I now have a private lender (a relative) who wants to invest with me on my next deal. I am buy-and-hold, so I want ...
Julius Dixon
Property type listsource criteria
I'm trying to buy a list on Listsource and I'm stuck at the property type criteria section. I'm trying to find multi unit properties (probably 1-4 units). Do I select "Residential: Multi Family" or SFR? It seems like ...
Jeff Hink
Self Directed IRA for owner Financing?
Has anybody used or are you able to use a self directed IRA to back a client that wants you to owner finance a house for them? What are the draw backs and/or how does this work?
Bruce Chang
How to catch illegal subletting?
To all you experienced landlords, short of installing cameras, how do you guys catch illegal subletting? For instance, we've seen some unfamiliar faces in the past on our property, and they always claim that they are...
Joey Arrazolo
When do you go against rules of thumb?
Hi Everyone,Can you please share a time that a deal did not follow one of the rules of thumb (2%,50%) and was still a good one? I have taken the beginners course here on BP and read about these RoT and everyone says t...
Robert Sorrels
Need advise on Single Project Joint Venture
I won my first REI property at auction, and will close in a few weeks. The property is in my hometown in Oregon and I live in Southern Ca. The Property needs some extensive work done including foundation and roof. I u...
Brian Desi
Has anyone started their own local REIT?
I have a piece of property that I would like to build out into townhomes (@60) and keep them to rent. I own the land outright and am a contractor. I have the idea of starting a REIT to fund and hold the project with n...
Molli Miller
Off-Market Inventory: What Is Your Source Preference?
I am curious to hear everyone's thoughts on how you prefer to receive off-market listings from wholesalers/investment agents:1. Do you prefer to work with an individual who simply starts sending you properties just by...