Fe Kelly
"Get an LLC or else!"
So I went to a seminar last year (I know. I know. I was gullible.) and this "guru" told us that if we didn't get an LLC ASAP that we could only do 5 deals a year or the government would "shut you down so quick your he...
Howard Hendler
Owner Responsibilities Over and Above Property Manager
Hello, I'm interested in understanding the responsibilities of a property owner that would not be handled by a property manager (or that would be a la carte items). For example, are the items below the responsibility ...
Toua Lee
LLC for your rentals....
Reasoning behind getting a LLC for your rentals? Can someone explain how this works?
Daniel A Lee Kim
First time 1031 tips and 'must knows'
Good morning BP community!We are planning on doing our first 1031 in June 2022, we will be selling our townhome is VA and buying a 4 plex.So far we have begun talking to our realtor in VA and have a couple QIs identif...
Account Closed
Title transfer to child and capital gains tax question
I purchased a condo 2 years ago for 50K. My daugter has been living there ever since (so 2 year residency requirement has been met)Now the property is worth about 70K. I would like to transfer the title to my daughter...
Dushyant Ravi
Multifamily loans interest rates & pricing 101
I receive many pricing guidance requests for Freddie & Fannie Multifamily loans, so I figured I can shed some light on how I as a banker price loans. This will largely be focused on how agencies look at pricing bu...
Joseph Hummel
Tenant prepaid lease and wants to cancel stay before moving in
I have a tenant (a non-profit business) who hosts a huge summer event here, and they are suppose to move into our place in June. This is the 3rd year we worked with them, and they are great tenants. They signed and pr...
Adam Avinger
How does this scenario affect me down the line
So Im torn between two outcomes. I may be trying to sell a home that I am currently rehabbing, and make a small profit on it, but the fact also remains that I could also end up breaking even. If I were to Buy and Hold...
Karen Margrave
Gray Water Recycling - THOUGHTS?
I'm sure most areas aren't as water focused as we in California are, but, have any of you used gray water to recycle the water from showers, washing machines, etc. ? If so, what are your thoughts?
Dan C.
Sound Proof Window Inserts for Rental
I have a rental that backs up to a busy highway. It's a third floor unit in a condominium. The road noise isn't terrible considering how close to the highway it is. There are double pane windows, which are clearly hel...