Nicholas Lohr
Investing security deposits as Berkshire Hathaway does with float
As far as I have read this is a state-by-state law so I am ONLY talking about California here. On line D of chapter 49.2 it states that, “Nothing in this Chapter shall preclude a landlord from exercising his or her di...
Steven Nguyen
Mobile Home Park Buying Criteria - Going Against the Grain
Hello BP Community,
It seems like most investors want all tenant owned homes, city water/sewer, and low vacancy. For the beginners starting out, would it be wise to go against the grain and target the mobile home pa...
Jake Sklanka
Are EOY Charitable donations from S Corp tax deductible?
Hello BP Community,I recently set up an S Corp for my RE business (Colorado RE Broker) at my CPA's direction. He's been out of office for the past few weeks and I want know if there's anything else I need to do before...
Alex Breshears
Different Loan Term Possibilities in Private Lending
As someone who knows a lot of private lenders, I routinely get to see what the discussions are about and how things may be changing as markets move or regulation changes occur. Recently, I've seen more of a move to th...
Stephanie Young
Current tenant wants the unit painted
My current tenant of 2.1 years wants the unit painted. The unit was not painted when she moved in, while it needed some minor touchup. She has been good on paying rent. Now she wants to paint the unit herself and have...
Steven Harris
Paying almost 50% to close is normal?
Me again seeking the outside perspectives of those of you who aren't new to this RE investing/flipping venture as I am. So I was told about a simple cosmetic fixer that's off market asking $70k. This sounded like a pe...
Steve Fagiano
Home equity loan
So looking for some guidance. This is going to be my first investment property. Looking at smaller town homes in the area. Around 100-175k. Started dealing with a lender and mentioned a home equity loan since it is a ...
Maher Bateh
vacancy insurance?
Just got my first home to flip and need some info on vacancy insurance. What should I expect to pay? I assume its by month? Any formula I can use to estimate cost? Help is appreciated. Thanks!
Chris S.
To rent or not to rent to a family with 4 kids?
I previously rented to a family with 5 kids. The home was 2,000 SF with 4 nice sized bedrooms. They rented for 2 years, always paid on time, and kept the home decently clean. When they moved out, the walls NEEDED to b...
Andy Basler
Venmo limits....any way of increasing these
I have many rentals and have started really getting hurt with Venmo's limits on how much you can transfer out of venmo on a weekly basis.I can only transfer $19k per week to my bank. I have alot more than than coming ...