Kunal Pathak
Potential tenant setting up his own business and no job history
A young potential tenant (college dropout I believe in early 20s) has applied and has excellent credit score and credit check but the credit history is just a year long or so. Trying to setup the business so no W2/Tax...
Travis Rogers
What Costs to Expect for Someone to Fully Manage My Airbnb
I live in Oregon and have a long term rental in Central Texas that I'm considering flipping over to Airbnb to generate some more income, and so that when I'm in Texas I can stay there, saving me money. It's a nice hom...
Amanda Smith
Buying with tenants - can I get rid if MTM renters?
In light of COVID, I was wondering if there were any restrictions on getting rid of the month-to-month tenants in a duplex I am buying at end of the month. They are paying almost $500 below market value rent and I kno...
Darren Gillespie
Neighbors complaining about my tennants
Hey BPrs! I have a rental home with a tennant that has a 2 year lease. Recently the neighbors have been complaining to me that the tennant is not a good person and has been rude and causing problems in the neighborhoo...
Dave Vona
A sub-lease and rehab deal structure
Hi, I’m looking at a home that’s not been occupied for many years. I’m going to see if the owner is willing to sell, but I don’t think he will. It appears there is no loan on the property.
I estimate this propert...
Arjun S.
Buyer price escalation clause. Any limits?
Hello,I have a contract with a builder that has the following clause and I am being told I need to pay 10% over the previously signed contract price due to increase in lumber price (which seems to have fallen 3X since...
Nathan Kapusta
First Duplex Came with Tenants! Help!
Background: So I just purchased my first rental with my brother, and it came with tenants who are severely underpaying in rent. Their rents are 800/mo and 600/mo, and their leases expire on Nov 1st 2020 and Dec 31st 2...
Ashley Terenzi
Question about how to properly work with inherited tenants
Hi everyone! My husband and I just closed on our second duplex today that we plan on moving into since we purchased it with FHA. We inherited two tenants and here is our plan:
Tenant 1: We plan on asking for a renta...
Geoffrey Bissen
Best option out of Corporation/LLC/Inc. ?
I am looking at beginning my Real Estate investing journey in approximately 3 months (can’t start now due to a military PCS coming up) and I want to make sure I have all the proper groundwork laid so I can hit the gro...
Ernie Hogue
How are option fees taxed?
Hi BP community. I searched in the Tax and Legal forum, but didn't see this question answered specifically. I am trying to determine how lease option up-front option fees are taxed. My understanding is that they are r...