Marvin Song
New Member from Northern New Jersey
Hi All!!
I'm a part-time real estate investor who just found out about BP last week. I went to BP Meet up in NY last night and it was a lot of fun to meet fellow investors!! I believe it was a first time in N...
Ana Hyler
Income Property - New TV show
Do you all watch the new show...income property? He has good ideas and the places he's renovating end up looking so good...partly because of the staging. But I was wondering... the costs to those renos are sometimes ...
Lee Liberman
Operating LLC used as asset protection
Does this structure add any protection?Properties are purchased in my and my partners individual names (tenants in common) for the purpose of renting.We use an LLC (owned by both of us) to move money around for income...
Brian Crutchfield
Circumventing DTI Requirements
Hi all. I posted this question in another post, but it seems I kind of "buried the lead" in a long post with details on my current situation, and no one felt like reading all the way to the end!Quick background:My wif...
Raj Chandra
Cleveland, Ohio, water/sewer huge bill <$11000 for a year>
We have a single family home in Cleveland, Ohio, which is rented out on section 8 (chma) , and few months back came to know that the water/sewer bill was not shifted on tenants name and we saw a $3500 water bill and a...
Dick Green
Foreclosing On a SEcond Lien
I've got a client that bought a property for $129,000 then sold it for $169,000 with 10% seller financing. The buyers (after 2 -3 years), are in bankruptcy (chapt 13), but have not listed my client, the sub-ordinate ...
Account Closed
Parntership
Hello, BP members!I got a question - me and my friend want to find a property (duplex,triplex,fourplex) and do the house-hacking together. For that, we decided to do a partnership - 50% / 50%. I got a question as a n...
Vincent Z.
Any pitfalls of buying homes that are 100+ years old?
In my area (New England), the majority of houses, (multi families in particular) are over 100 years old. If I am planning on buying and holding long term, what are some of the pitfalls of buying these extremely old ho...
Ashish Wa
Renting out to 3 adults
Hello,I am a first time landlord and have been struggling to rent for 3-4 months. Not a lot of applications but rejected some out of caution. So this couple that now wants to rent has a service dog. Initially I wasn't...
Michael Mckeavin
Water Bill eating away at my rental income!!!!
Hello folks. I'm new to the app, but happy to be here. I rent out a property in Markham,IL and the water bill shot up from $75, to $145 now for the last couple months. My tenant swears nothing changed with their usage...