Wendell De Guzman
5 Notes in Ohio (what questions to ask)
I am an absolute newbie with regard to buying notes. I have done over $15M worth of real estate transactions but have yet to do a single note transaction. So...note experts, need your advice. But before I ask for y...
Mary Jay
A tenant threatens to sue if I do return her security deposit
HI guys,I have an out of state property that Ive been renting out for one year.I asked the tenant to move out, when she moved out, there was lots of trash, some weird stuff on the walls, broke cabinets, smell of marij...
Account Closed
Am I giving away too much on this spec deal?
Thank you to everyone for your comments on my last spec deal post, especially @J Scott and @Will Barnard.I’ve worked through the opportunity further, met with local real estate agents and other developers to get thei...
Efrain Gallardo
Unseasoned buy and hold Notebuyers out there?
Besides all the brokers floating around claiming to be note buyers, does anyone know real buy and hold note buyers that will buy what would be HIGH YIELDING UNSEASONED NOTES? I do understand that the discount would be...
Rich Hupper
Two flips this year how to avoid self employment tax
HiI bought two properties this year and sold them for a profit. It is my understanding the profit from those flips will be treated as active income and subject to self employment tax. However I didn't even lift a fing...
Eric Jones
How to Calculate Payoff and Arrears on Non-Performing Note
Hello,I'm currently doing due diligence on a non-performing junior lien that has gone unpaid for about 5 years. I know the unpaid principal balance, interest rate, and monthly payment but the arrearages and payoff amo...
Evan Loader
K-1 state tax filing requirements
I am a limited partner in several syndications in Kentucky, Texas and Georgia. I am a Michigan resident. I receive a K-1 for all 3 for my federal taxes. Will I need to file a Georgia and Kentucky state income tax retu...
Amy Oltendorf
Tenant caused fire and has no renters insurance
Hi all,Looking for advice for my new real estate dilemma. I had a tenant call me the other day informing me of a fire on the front porch. The tenant left me a message in the middle of the night informing me of the fir...
Wendell De Guzman
Real Life of a Real Estate Investor
Alright...I am going to post what happens every week in my real estate business. Why? So you will learn from my mistakes as well as get inspired by my successes. I also hope by doing this, BP Nation will help me ac...
James Wise
Cities in America with the WORST Landlord Tenant policies
I was browsing through the forums and came across a thread started by a landlord in Portland, Oregon. Long story short, I discovered that Portland requires their Landlords to give tenants a 90 day notice anytime they ...