Marilee Sando
Real Estate CPA in Minneapolis, MN
Looking for a CPA in Minneapolis, MN that could provide recommendations on how to beat protect income from the sale of my primary residence.
Jay Chekansky
Seller Finance Buyer Fails to Maintain Insurance - Proper Way to Bill Back for FPI?
Hey All,
I am seeking advice on the proper way to charge back my borrower on a seller finance deal in which the borrower has allowed the insurance to lapse. I have a force placed insurance policy now in place to cov...
Michelle C.
Cat urine in subfloor
I'm getting ready to sell a rental property and the tenant let his cat urinate all over the carpet upstairs. I've pulled out all the carpet, padding, baseboards, and in some areas parts of the drywall in the impacted ...
Michele G.
Delayed security deposit should I accept tenants or find new ones
4 tenants (students) were supposed to pay security deposit today for April 1 move in. I have not signed lease yet as I want all signatures, co-signers and security deposit in place. They just let me know they can pay ...
Dj Hume
I spent $13,788 and expecting a 39% ROI
I spent $13,788 renovating this 1-bedroom apartmentHere's the breakdown 👇 - Kitchen faucet: $99- Thermostat: $60- Bathroom hardware: $34- Toilet: $94- SS stove: $500- SS microwave: $200- SS fridge: $781- SS dishwasher...
Amber Littlefield
Pay cash or finance
Hi everyone. Just starting out. Thinking of buying new construction. My question: is it better to pay cash for one or put minimum down payment and finance 2-4 properties? It seems like the income is significantly redu...
Austin Nguyen
Assuming 1st mortgage after foreclosure by junior lien
Hello all,Just acquired a property via foreclosure by the junior/2nd mortgage. The 1st/senior mortgage is in covid forbearance but not in default. It has a 2.5% interest rate (better than what I could get as NOO) and...
Isstad Rashadeem
FHA Loans and 1031 Tax Deferred Exchange
Good Morning BP family,I found myself entangled in loopholes this morning as I finished drafting my most recent Real Estate 5 year plan. I recently received some advice about forming my strategy as a beginning Investo...
Kent F.
Reduce liability when non-renewing a tenant
I’m closing on a triplex in a few weeks and I plan on not renewing one of the tenants right away after closing. How could I minimize the chance of this tenant claiming some sort of discrimination or unfair treatment s...
Jill Keller
Security Deposit Amount
How much do people typically charge for a security deposit? Is 2 months reasonable? I live in Indiana. I used to typically do 1 month but I've had tenants try and not pay the last month so i want to cover my grounds i...