Rory M.
Tenant brought roaches refusing to pay
My tenant complained they saw a bug in their unit. I paid an exterminator to come in as there were no bugs two months ago when I lived in the building (a duplex).The exterminator said there is evidence that the lower ...
Drew Smith
New Investor Question
Hi I live in the DFW area and I am looking to start buying rental properties. I have about 100,000 in equity in my house that would like to use in the form of a HELOC to buy rental properties with. I want to use my ca...
Vinh Nguyen
Inherit tenant cannot leave and has not paid rent
Hi, my partner and I are getting ready to close on a triplex. Our contingency was that the tenant would have to leave by 1/12/21. However, he is a section 8 tenant and the city is having a hard time finding a new plac...
Ben Scott
Duplex near Lindwood in OKC
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Oklahoma City.
Purchase price: $120,000
Cash invested: $30,000
This duplex was a For Sale By Owner. My partner and I negot...
Pesi S.
Landlord Right To Obtain Tenant's History From Property Manager
Hello,
If a landlord has a property manager managing his property can he still obtain the credit history and background checks verification the property manager has conducted to vet a tenant just to verify that the m...
Bob Evans
Hiring under an S Corporation
Hello,
New member here. This is a great resource by the way!
I have a question and was hoping someone who is knowledgeable about running businesses (especially S Corporations) might be able to give some advice. My w...
Logan Ward
Advice: 1st Property Under Contract
Currently going through the purchase process for my first property. The buyer accepted my offer and now all the paperwork begins. Hoping to close in early January on a side by side duplex (2) 1/1’s that will have 1 si...
Jack B.
Capital Gains Tax free exit from rentals: it is possible
Well, not entirely, but you can shield more of it.
I'm going to use a very round and specific example to demonstrate this concept. Check my understanding of the tax law on this.
Let's say you make X a year. You ...
Chad Rockwell
Cash-Out Refinance Question!
Our current home has a 3.75% rate and we are refinancing that to 3.25%. OR, we could get about $60K out on a a cash-out refi with a 3.5% interest rate. That would increase our monthly mortgage payment by about $300. A...
Kate Reese
Getting out of a hard money loan by refinancing
Hi BP community!I’d like to preface this by saying I currently have no investment properties, just a curious future investor!I’ve done a lot of research lately about Hard Money lenders. I know they can be incredibly r...