John Pierce
Strategy for structuring business to minimize taxes and liability
Hi.Last night at a dinner party I found myself in a conversation with an entrepreneur about taxes, corporate veils, etc. He asked me how my rental properties were structured and was shocked to discover that I persona...
Andres Montoya
Guidance Needed--Purchasing 1st Home from Parent
My father recently passed away, and my mother is looking to sell one of the properties that she has in her survivor's trust in order to reduce some of her responsibilities, to reduce the value of her estate, as well a...
Harrison Sharp
First Deal Sanity Check
Hello BP, I'm thinking about pulling the trigger on my first real estate purchase but want to have a second or third set of eyes to make sure I'm not missing anything big. I'm currently 25, living with my parents rent...
Joey C.
My first deal, one year later.
Okay, so I purchased my first rental property, a 1br condo in Dec. 2012. I never posted this info because I had negative responses to even looking into such a purchase and wanted to see how it all panned out. It wa...
Margaret Weyandt
Question about being a leinholder on a mobile home
I need some advice from someone more experienced than myself. I helped my son and his girlfriend purchase a mobile home. He wanted her name on the title so I was listed as a lienholder. We created a contract to spe...
Matthew Heffernan
Rental property sale with delayed improvements
I've been searching for a while here on BP but have not found a thread related to my situation:I've been renovating and renting a property for just over 2 years and may be in a position to sell/close in the next 30-60...
David Montore
Seller Financing Question
My sister-in-law and her husband are about to put their house on the market near Ft. Riley, KS instead of renting it out because they’re tired of the hassle of scummy tenants. I think she’s in the perfect position to ...
Manuel V.
Rentor wants to pay a full year, currently on month to month
Hello Everyone, I am new to BP and currently trying to go through the entire podcast series. I have a single family which I'm renting out through a Month to Month agreement and have had it rented for 1 year so far. Th...
Woralak Bryant
Can I keep tenant security deposit for insurance deductible?
So my renter of 7 months called me up and said that her son and her nephew was playing with a lighter and fire started in the bedroom. She called the fire department and it's all under control. Everyone was fine exce...
Gary Houck
Buying Right of Redemption
Does anyone out there have experience buying the right of redemption from people that have had property sold at auction. Any advice on how to approach them? This is in KY if that helps.