Gene Walker
Tax lien certificate question
I have a price quote from the land commissioner for two adjoining undeveloped land parcels totaling 18 acres in Jefferson county Alabama showing a sale to the state date of 5/24/2016. I would like to know if I can le...
Tymesha Moore
I’m looking to get loans so that I can do my first fix and flip!
Can anyone point me in the right direction with a loan officer in Michigan that can help me with my first loan for a fix and flip? Thank you!
Todd Magin
Taxing of Capital Expenditure Funds in LLC
How is the capex reserve fund handled tax-wise in an LLC (or S-Corp)?Over the year, a portion of the rental proceeds are siphoned off into an account for future upgrades (roof, furnace, rehab, etc). Does that count a...
Jennifer Allen
Triple Net Lease Reserves
How much cash reserves should you keep for a triple net lease? Do you try to cover your monthly expenses for X months for when you have to find a new tenant? Do you base it on the building cost or size? I'm trying to ...
Lois S.
PM collects utilities & takes a cut
We bought a small multi-family bldg out of town, & have a property manager that we've used for other properties. Some tenants are holdovers from the previous owner. There are some small utility charges we pay in ...
Matthew T.
Purchasing a tax deed from a tax deed property
I have a situation concerning tax deed sales in Florida. I'm going to be bidding for a tax deed and the property that I'm going to be bidding on was also purchased from a tax deed sale. The property is located in F...
Laura Schumacher
Water Company Insurance for line breaks
We have 7 properties. Historically we have had tenants put all utilities in their own name. We have recently encountered a problem with the Louisville Water Co. They have done some work on a street one of our prope...
Cyrus Sidhwa
Hard Money Lenders - Draw
I am researching various HML's and learning that most will only pay on the repairs after they have been completed. This makes sense for any work that is being done by a contractor, but what if you are planning to ...
Evelyn Randolph
How to cover roof repair before purchase
Hello, BP Community!I reached agreement with a seller to buy their 12 unit building at a very good price, but the property is located in an area where I'm required to have windstorm insurance because it's location clo...
Jason L.
Good deal or not?
Hey BP investors,I have decided to do a deal with my local city that includes HUD funding. I will build a 4-plex modular unit, each 3 bed 2 bath. I will live in one and rent out the other 3. The city will reimburse...