Edwin Lau
Death during Owner Financing
Hypothetical question but also a possible reality depending on whether the current owner is willing to sell.What would happen if the current owner of apartment A passes while we're in an owner financing situation? Th...
Clayton Michael
How do I get started in multifamily with only $25-$30K capital?
I've been looking at getting into multifamily for some time, and after clearing out my savings, I only have a limited amount of funds to be able to start with. I don't know if this is feasible, but any help or sugges...
Matthew Fermino
Real estate planning trust vs will
Hi I’m hoping someone here can help me with some advice about estate planning. Essentially my father has a multi family home with his wife (not my mother) and his cousin. My fathers parents lived in one unit and his...
Shera Gregory
Listing a property if my 401k did a loan to the flipper?
I have a self-directed 401k (not IRA) that lends money to other investors for their flips. I am also a licensed real estate agent. I would like to list the finished homes for sale. These would be two independent trans...
Angela McDonald
Tenant misdemeanors disqualified
I know of a couple in their late 20's looking for a rental in the Tamaqua, Pa area. They both work in the local factory, with good pay and have 3 children. The lady 6 years ago had 2 misdemeanors for being involved in...
Zibran Khan
Help me pick a prospective tenant
Fellow landlords, I’m deciding between two tenants for my 2bd 1ba unit (rent $1500) and would like your input.COUPLE A:-both work in retail with a combined income of $80k/year-no kids-no pets COUPLE B:-husband sole ea...
Luis G Sanchez
Novice Investor Wants to Find a Fixer
Hello.I own my home and 3 rental homes. I have a foreclosure on my record and a short sale from 4 years ago. Because I show overall losses on my taxes for the rental homes and my credit is not great, I am unable to ...
Keith Hoffman II
W-9 /1099 for contracted work
Hey BP friends! Question regarding the IRS requirements for hired contractors. I have several properties and have always done the remodeling and major renovations myself. I work a full time W-2 job and family life is...
Tanya F.
Estate planning: Trust or Will with rental properties
Just curious what a typical mom-and-pop landlord out there goes for when it comes to estate planning. We don't have an LLC and don't plan to. I've seen older threads here entitled "Trust or LLC", but not "trust or wi...
Jeff Lipple
Buy rental next to your home?
would you buy a rental across the street from your home or in the same neighborhood?
My initial thought is no, because of the possible drama that it could lead to if things went south with the tenants. But I...