Triston Blodgett
LLC , multi member company
Ive recently learned about the pros and cons of an LLC, starting out I've figured out creating an LLC is not the best option to begin investing. Ill stick to insurance and leverage. I understand to keep personal and p...
Cody Coblentz
Co-signing on lease advice
my question: I have a couple of young college kids that are interested in renting the other side of our duplex. They don’t make enough money individually to qualify, so I was given a good idea to have their parents s...
Max Voz
Residential property as Property held for investment
Hello,
I reside in the Bay Area and currently, I do not own any domestic real estate properties. However, I have a home in a foreign country, for which I took out a loan to finance the purchase. If I categorize this ...
Marc D.
no deposit for section 8?
I noticed a lot of my fellow landlords in my area are not requiring a deposit for section 8. What is the thinking behind that? Do these tenants treat your property better? Is it because section 8 people don't have cas...
Derek Daun
Drywood termite evidence: Tent or not?
I just closed on a property, and am deciding whether or not to tent for termites.Original inspections had turned up minor evidence of past drywood termites in two spots, but no live termites were seen. We got a $3300 ...
Zach Geddes
Potential Tax implications for buying house for parents
First thank you for your time.I live in CA and my parents are moving to MN where the rest of my family lives. Due to health issues my parents are now on disability and a fixed income and want to move for cheaper cost ...
Pavan Sandhu
More people than listed on the lease agreement
One of my rental units is occupied by 2 tenants. At first I was only aware of 1 tenant but later discovered another room mate. The tenant fessed up and apologized a few times. It was my fault I didn't do an inspection...
Kelly Conrad
Do your tenants know you own the property?
I've been hearing about 50/50 on letting your tenants know you own the property versus saying you just manage it. Seems like it comes down to not wanting to be the "bad guy". What do you do, and why?
Account Closed
Refinancing out a private lender
I've got a potential deal in the works. I could be purchasing for $30k with $20k in rehab. I've got a private lender (family member) who is willing to lend me an interest only loan on the entire amount.
This will...
Hayden Wright
Student housing multifamily
Hello BP community!I am running the numbers on a duplex right outside of a college town, and so far the deal seems too good to be true.I know that college students are tougher on the property and there is higher turno...