Nate T.
lease for Arizona group home
I have a potential tenant for a residential home in Mesa AZ who wants to use the rental property as a group home. I spoke with our landlord/tenant attorney, and he said it would need to be a commercial lease, since t...
Tony Vicente
R-8 Zoning Multifamily?
I'm looking at a home that's zoned "R8", contains a single family home that I'd like to convert to multi-family.R8 includes both single family and multi-family. Does that mean I'm all set and can break it up in to sep...
Maryann Fialdini
Seller signed Warranty Deed over to buyer so tax foreclosure stopped
Unique situation - need advice. Seller was facing imminent foreclosure due to unpaid property taxes. She signed a purchase contract for $75K with closing within 30 days. Title company started title search and while...
Juan Figueroa
New Investor Tax Help
Hello, I am a new investor. Purchased a property in Vegas with a partner. I created a LLC prior to the purchase. Need help / advice on how take advantage of my using LLC for tax purposes. I am completely lost. I...
Tina T.
reo's
looking to buy a $2M (list price) property on west coast. It will go REO in a couple of weeks. Any strategy tips pursuing bank ? Openining bid will be around $2.2M causing it to go REO with no bids. Any ideas wher...
Darren Nichols
First bandit sign campaign
This weekend I did my first bandit sign campaign! I went to pick them up on sunday evening and after puttting out 25 of them 9 were gone. I was pretty upset and so far I have got one call. What was weird was that s...
Wayne M.
IRA for rental property
I am thinking about an SD IRA for the purchase of a rental property and my question is, I know that all of the rent payment goes back into the IRA but once it is paid off does the payment continue to go into the IRA o...
Rachelle Richardson
Advice for First Rental Property
Hello! We are looking at properties that already have tenants. I am wondering how that process works (lease, rules etc. that are already in place from previous owner). Do we write a new lease and have them sign? Do we...
Brandon Hill
Renting out units with unpermitted work?
I bought a major fixer-upper in Chicago a few years back. I completed the rehab in 2021. I got it all done without a permit including electrical, plumbing, HVAC.
Okay. I know. I know. What I did was not exactly best...
Jordan Santiago
Refinancing During Apartment Syndication
Hey BP,So for anyone that has successfully syndicated large multi family, does anyone refinance, get their investors capital back, and then change the equity ownership percentages? Say it was originally 30% GP, 70% LP...