Account Closed
Pros/Cons of Los Angeles?
I (25) live in LA with my parents and am chugging along at work saving up money for whenever I figure out what I want to do with it. Recently, my uncle (who owns a few condos near his businesses that he rents to emplo...
Sean Dezoysa
Where do most beginners fail?
Sometimes it's good to look at a new venture from the angle of the most common causes of failure.Let's get the non-action/motivation ones out of the way. Most people fail anything due to not starting, not studying en...
Joe Splitrock
How Do I Collect From an Ex-Tenant
I have a tenant that left last October after being in the property for 5 years and there was damage in the property. I was very reasonable about assessing damage and made sure to prorate everything based on useful lif...
NA N.
Provider "forgot" to charge her for 4 yrs. Can she be sent to collection?
Hi guys,
This is an unusual situation. My partner built a website in 2009 and paid for a plugin that displays homes for sale in maps etc.. you know the typical exchange service that pulls homes from the MLS.
...
Samantha M.
Angry Voicemail: Threatening Legal Action Over Yellow Letter
As the topic states, I received an angry call today off one of my yellow letters. The individual stated if they ever receive a yellow letter from them again they will seek legal action. I returned the call and was abl...
Ryan O.
S-Corp Reasonable Salary
I understand as a shareholder of an S-Corp you are supposed to pay yourself a reasonable salary for work performed on behalf of the business. You cannot pay distributions until you first pay yourself a salary.
...
Matt M.
Keep or evict chronically late tenant ?
Hey BP,
So I have a tenant in a SF property, since April 2017. Chronically late, normally gets caught up, and takes pretty good care of the property. I’ve finally had enough, and filed an eviction. Hearing was this mo...
Ho Eun Park
Investing in rental properties outside of CA -> NV, TX, IL
Hello, I am new to the forum. I have been thinking about real estate investing outside of California for various reasons. Mainly due to price. I have been looking into Las Vegas, Dallas, Houston, Austin, and Chicago ...
Tara Kinney
Invest and loan from 401K or just save?
Strategy Questions:I work as an 1099 for my "real job". I have an LLC and it is taxed as an S-Corp. I have recently stopped contributing to my 401K to use the money to save for real estate. But....I've been thinkin...
John N.
Investing in Mobile Homes? Yes, You Can!!!
Hello Everyone! First time poster here at BP, although I have read through the forum a lot trying to determine my path from employee to business owner!
I want to share my story for all of those people who ask...can ...