Anthony Vatsula
Repossessing a Mobile Home in California
I bought a MH for one of my sisters to live in. Turns out she couldn't move into it so I sold it. I took 1K down pmnt and made an agreement with the buyer that if he paid me 11K for the unit total I'd sign over titl...
Mark M.
LLC formation, CA ,TX, NV, DE....
Hello everyone, We are two partners from Los Angeles, CA. Looking to invest OOS in TX,In which state should we form the LLC?, California Or Texas or any other state like Delaware or Nevada..... and if there's any ext...
Sharyn M.
Rent Credits
When working with Tenant-Buyers I've gotten some questions about rent credits and why they aren't offered when buying one of my properties. While I do offer a certain percentage towards cc at settlement it's not on a ...
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New Mexico Tax Deeds
Hello everyone! I am looking into purchasing tax deed here in southern New Mexico. I have read the state statutes (reading state statutes is boring i must say) that pertain to this and have a pretty good understandin...
Reese Thompson
Tax Loss LLC Filing
I'm preparing to file my taxes for my LLC. Since we didn't have our rental units yet for last year, the only cash event that occurred was the cost for forming the LLC. Total amount was less than $500, so I'm wonderi...
Viktor Singh
Tenant wanting to keep a dog
Hello, My tenant is requesting if he can adopt a rescue dog. What are some of the things that i should consider before making a decision. He has been a good tenant. I am just concerned that the dog could damage the pr...
Yasmin Mohamed
The 2% rule in the Philadelphia Area
I have been listening to several podcasts to prepare me to purchase my first rental property. I am stuck because I don't know what is a good deal. I heard a couple of times about the 2% rule but I am having a hard tim...
Nathan C.
Reverse Mortgage short sale options
Hi BP community,I've been working with an heir to a house in Jacksonville FL (32225). I included a picture below for those who are curious. She inherited it, it has a reverse mortgage that has the following characteri...
Jehon Bendokas
Can you buy rental insurance for your tenant?
I had an interesting thought while grinding through property management books as I prepare for my first self managed property. I have used property managers historically due to geographical separation. I will be closi...
Doug Wang
Rehab a 70 year old apartment building
I am from Los Angeles and found an apartment building in Fresno. Escrow closes in two weeks. The building was build in the 40th and maintained most of its original beauties: red tile roof which is leaking and the ro...