Tyler Brown
How would you handle wording this situation into a lease?
I have a single family home that's rented out to three college students. They're all on one lease, jointly and severally liable. They're Person A, Person B, and Person C.The lease is up on April 1st. I recently rea...
Kate Spears
HELOC for BRRRR - should we max out our line of credit?
HELOC for BRRRR?We are in the midst of securing a HELOC that we intend to use to pursue a BRRRR deal(s). We would like to use the HELOC becuase all-cash offers are king in our market and we also realize that few if an...
Chuck Dangar
Can you take a tax deduction if you have a Section 8 tenant?
1...Is it possible to take a tax deduction if you are receiving rent from the government for a Section 8 tenant? 2...I am looking at buying a place to buy and hold with a section 8 tenant already in place. The place h...
Account Closed
Questions To Ask Agent Regarding Plot of Land
I've got my eye on a plot of land and I decided to reach out and request more information. The selling agent wants to jump on a call tomorrow and I want to make sure I ask all of the right questions. This would be my ...
Gabe Sirkin
Buildium or Cozy for new Landlord? Any suggestions appreciated
Hello BP,I'm closing on my first property within the next two weeks. It a 4 unit (2-1BR, 2-2BR). I have little to no property management experience.What are your thoughts on Buildium ($45/month) or Cozy (free)? My pla...
Bryan Chuchta
What type of entity should I choose?
I have been wholesaling for almost a year and have completed a few deals. Everything up to now has been just in my name. I have been thinking I may want to form my endeavors into a company but don't know what type i...
Ty Gordon
Should I get my real estate license?
Is there any reason not to? I drive a lot for work and figure just to be able to get into key lock boxes (after checking with listing agent of course) it would be nice along with the access to mls.
Mark Forest
Hi from Michigan
Hello. I am starting out with a flip. Eventually I want to have rental properties. I have a lot of John T. Reed's books, and I like his honest tell it like it is advice.
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Back up offer surprise!
Got a call around 4:10 pm on Friday. My agent tells me that HUD called him and wants the packet on our back up offer (put a bid in on a house last week but came in second). Called him back with questions but local HUD...
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Best way to make this deal happen
I am looking for some creative ways to make the following pitch to a seller. Here are the numbers.
ARV 205000.
Repairs est. 20000
asking 145000
My strategy is to rehab and retail.
Now in my calculations the follow...