Waleed Abdulrab
If you “settle in full” with collections, do they report it?
So I was sent a letter from a collection agency with an old Comcast account. They gave me an “Offered amount” to settle the debt and close it out. I asked nicely for a letter in writing that they will not report the d...
Ryan Sawyer
Property Management fees
Do all Property managers charge the one month rent charge? We have a PM that charges the 10% a month but also collects one months rent with each new contract. Is this normal, and if not, how do I get rid of this? It...
Account Closed
Inherited property and stepped up basis vs 1031 exchange
I have a client in California who wants to sell their house to me and keeps mentioning a 1031 exchange, however, she inherited the property in April 2011. This house is in bad condition and I'm buying it as a flip, h...
Michael Turner
STR Material participation requirements for married filling jointly
New to the forums, and I haven't been able to find the answer to this question yet (I apologize if its been answered already). My wife and I own a STR property via an LLC in which we are the sole owners. The LLC is in...
Isoke Craig
Rookie Mistakes & Lessons Learned
Often successful stories are shared & while we can learn from wins, I often find I learn more lessons from failure. So I wanted to share my experience with the community. Thanks for reading this is long! Buckle up...
Jerry Zhang
How is Seller Protected if they are in 2nd position?
Hi,
If I buy a apartment doing a seller carry back, how do I explain to the seller how they are protected if they carry a 2nd position note subordinate to the bank?
The example scenario would be if I bought a $1M pr...
Braeden Warg
What to pull permits on
The house we just bought is in cabarrus county and currently 1300 sqft with a 200 sqft breezeway. We are looking to open up the wall and then raise the floor and plumb 2 heated and cooled air duct lines to the room. O...
Tim M.
Seller financing, but not for investors?
BP,
We are looking at buying a single family home available with seller financing. We would hold it as a rental property, which is what it has been in the past. The owner has not had good experiences with tenants an...
Chris E.
N00b looking to get started in multifamily properties
I've been a lurker on and off here for more years than I care to admit. It was not until recently (read: last week) that the light bulb went off in my head as I listened to random BP podcasts on my way to/from work. M...
Daniel Von Pache
Tenured Buy-&-Hold investor unlocking equity
Hi All, While shifting gradually (15 years) from IT to real estate (10 years now F/T) and building a portfolio for self and others I'm actively pursuing to unlock equity in order to ramp up either residential or mixed...