Joseph G.
Unqualified applicant keeps contacting me, wary of rejecting
First post, I hope I'm following the rules and I appreciate your help. I bought a duplex in September. One of the sides was vacant and in need of renovation and I had a builder do this in October and November. While s...
Erick Garske
CPA Comfort Letter
My lender is requesting a CPA comfort letter. Has any had experience with a lender requesting this type of document from their CPA? Has your CPA been reluctant to provide such a document due to the perceived liabilit...
Heidi Duren
I have my first two houses possibly under contract. Now what?
I made a deal with two highly motivated sellers, they're ready to go. I threw in a low number for both places and now we're moving forward. This is an incredible deal as I was able to get well below 70% and am excite...
Jose Garcia
Section 8 landlord may face felony charges
good evening everyone! I have a question which I was asked and since I'm not a lawyer or have experience this maybe someone on BP has. Tenant been in the property since 2009. She sign...
Jona Leu
Debating to Create LLC or Rent Out the Property First
Hello BP,I am new to the real estate investing and would like to create some fortune by rental out my property as side income. Currently I am living in a condo which I've already paid mortgage for around 1 ½ year. I a...
Todd Nadeau
Foreclosure - Seller buried huge quantities garbage on property
I recently bought a [Federal Agency] foreclosed property. The property is on a huge city lot (small acreage) and was a "hoarder" house, and according to the agent, the bid for the external cleanup was substantial, bu...
Mark Gruetzmacher
IRS Liens and Selling a House
Here is the situation. Dad passed away and there is an IRS Lien on his name. He owed a house that is worth 30-50K maybe. Lien is in the upper 20k range. The lien has been on file since 2103 so in 2023 the lien is ...
Patrick K.
Is it accurate you can only rent out 2 dwelling units in Atlanta Georgia as short STR
On their city website it states:
"
One owner can obtain an STRL for up to two (2) separate properties. The primary residence and one additional dwelling unit without any additional requirements, fees, permits, licen...
Bobby C.
Occupants' Appeal against Judgement for Possession
Today, I was just informed by the occupants, (notice I didn't say my tenants), they asked for an appeal from the judgment of possession to obtain more time to vacate. That specifically was their reason for filing the...
Ali Sheik
To manage or not
As a newbie RE investor I was wondering whether or not to manage my own potential properties. Can anyone give me a quick rundown of how to choose whether or not to do so? I see that doing so certainly makes the return...