Nick Eldridge
Investing in low income areas
I know local investors are investing in these areas for the cash flow and don't care about appreciation as much. I believe there is an opportunity here for investors with strong systems and the patience to deal with l...
Jon Magnusson
Rent was due yesterday
Hi all,Here's a quick one: I have had a tenant in for about 5 months now (on a 1 yr lease) and they have always been early with the rents. This month they have not paid (was due yesterday). Late fee kicks in in 5 d...
Account Closed
Real estate crowdfunding
does anyone know if real estate crowdfunding platforms are legit?? If so which ones are good and do they actually give investors a return on investment ??
Jessie Dillon
Commercial loans & personal guarantees
Hi all! An interesting question has come up in my circle & wondering if anyone WORKING IN commercial loans can answer this for us: Example:A new LLC is created for a group of people to purchase a property in. Owne...
Jesse Stemle
New Member From Louisville
Hello Everyone!My name is Jesse, I am 19 years old and I live in Louisville KY. I'm currently attending the University of Louisville (Go Cards!) while working in construction during the day. I have been reading every...
Alexander Spira
How to figure 750 hour to write off losses
I want to make sure I rack up 750 hours doing real estate this year to get my losses counted against my W2 earnings. I have 6 units and it is taking up lots of my time.
The question is what counts ? For example to se...
Account Closed
Need Advice - Inheriting a 2/2 Townhome in Another City
Disclaimer: Brand new to REI, but love investing and have always wanted to add real estate to my portfolio. That's why I came to BP: to educate myself and start down that path.
My dad is not well, and I j...
Ramon Purifoy
Late Payment Fee Recommendation
I have a rental where we have tenants who have paid on time for the last year. We use a rent system that is due on the first and late on the 5th method. We have student tenants who choose internally to split payment. ...
William Lok
Tenant Wants to Break Lease
Hey guys,
I just got notice from my tenant today that he wants to break the lease for two properties that he's currently renting out. The lease does not expire till 9/30/2014 and 1/31/2015 respectively. I went throug...
Justin Howe
How to Structure and Propose Lease Option to Seller
Hello BP,I found a seller who wants to sell her home because she's having a difficult time maintaining the property by herself and making the mortgage payment. She's owned the house for 10+ years and has equity. When ...