Jeri Herrera
Bonus depreciation and real estate professional
I receive $16500 in rental income for the year. I remodeled the rental property this year at a tune of $17000. I also pay the mortgage and 10% to a property management company. Because I have put so much time into ...
Account Closed
Can you do this?
Step 1. Make a year lease with a tenantStep 2. Sign a purchase agreement to close the date that lease endsThis was suggested to me by my CPA. He didn't know if you could actually do it.
Jean Norton
Can we talk about House Bill 87 (Florida) from an Investor's Viewpoint?
What was 5 years to collect is now 1 year. Does that include the statute of limitations for foreclosure filings? See this LINK about a foreclosure missed the 5 year deadline. Is this now 1 year?
Does this ...
Seth Willis
BRRR
Hello all,I plan to invest in my first rental property soon using the BRRR method. I have some newbie questions regarding how it all works.I buy a property for 30k, rehab expenses are 20k plus roll the closing fees in...
Roger Deweese
Self manage STR through checkbook IRA?
Hi all,New here and looking into investing in short term rentals but have lots of questions. I have $140,000 in a ROTH that I would like to convert into a checkbook IRA and self manage both the ROTH and the properties...
Jonathan Johnson
How to evict a squatter?
Hello BP,I'm looking into buying an apartment complex from an elderly fellow. He has a "friend of the family" currently as the only "tenant" in his 6-unit apartment. He told me she has not paid rent in over 15 years, ...
Lois S.
Escrow instructions to pay off secured promissory note?
We hold a promissory note that has come due, and have received a payoff demand letter from an escrow co. that is not local.Escrow is asking for:the Note, the Trust Deed, Order to Reconvey signed by usPolicy of Title I...
Tom Bujnowski
Marketing
The number one goal of any business is marketing. We are not investors - we are marketers of our real estate business. Everyone should be concentrating on getting leads. You can always find the best strategy-
But....
Patrick LeTourneau
Tenant wants a garage built and is willing to pay 1/2 the cost
I have a tenant who lives in a nice single family house in Wisconsin wi th no garage. She wants a garage and so she offered to pay half the cost if I would get one built. Business wise, it seems like a no brainer. ...
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Dealing with distressed seller.
What is the least expensive way to determine if there are any outstanding liens ect that would prevent a clear transfer 0f title? Like in the case where a child dosen't wat an inherited property or the owner is in jai...