Joe Rinella
Buy a rental property and transfer to LLC?
Hi everyone,I'm considering putting an offer on a 4 unit rental property. This will be my first real estate investment if it goes through. I don’t want to live in it so I'm going to do 25% downpayment. I want to open ...
Karen Margrave
KITCHEN ISLAND SIZE - THOUGHTS?
The house in San Clemente CA has an open concept plan with views to the front of the house. The kitchen is in the middle of the first floor enabling it to easily service both front areas and back yard. I'm not sure on...
Kristen Whiddon
Tenant's "Service dog" attacks neighbor's dog
Unfortunately, I got a nasty email from the HOA of my rental property today saying that my tenant has been warned repeatedly about his dog being off leash which is against community covenants and county law and yester...
Donnie Martens
Bartlesville OK
Hey BP members, I wanted to start a thread to link up with local Bartlesville Real Estate Investors. I've been researching the market, but wanted to bounce ideas and knowledge off of other local folks. Is there a loca...
Lisa S.
Need ideas on how to cut expenses
hi all, I have 2 small multi family (4 units) and I am getting killed on expenses each month. They are averaging $3500 each month and that's before the bills are paid. Most of the tenants are section 8 and call for re...
Anthony Clayton
Just Closed on a 6 unit apartment building in Las Vegas
The owner wanted to do a seller carry for 200k with a 8.5% interest rate and Sale it for 300k.
After a month of the seller bluffing about all the buyers they had we finally got it done. Here are the details of final ...
Rich Johnson
Closing a Sandwich Lease Option
when you have a Sandwich Lease Option.
Your T/B is ready to excercise his option.
How does this close if you don't have the funds to purchase your side (A-B)?
Thanks
Rich
Chris Mason
Question for tax pros about S-corps.
Sally and Johnny are both the sole owners and employees of a pair of unrelated S corps in the same city. They don't know each other, but Sally and Johnny make and sell widgets. They both also W2 themselves $50k/yr, wh...
Todd Miller
Deal in Front of me and Can't Close the Deal
Hello Everyone.
My father has a rental home which neither he nor the tenant are maintaining. I have already tried to purchase the property from him at an agreed $60K (Appraisal is $100K+) to repair and hold a...
Alex Harris
Any States Against Wholesaling?
Hi BP,
I was wondering if there are any states, cities, or areas where they are completely against wholesaling? I understand that it is looked down upon in general by some but are there any areas where it is deemed...