Bryan Clement
Finding good property managers in a rural area
Hello everyone, New to BP, joined a few weeks ago and took a few weeks to learn the ropes, now here goes my first post! I'm almost completely done with my first BRRR, and I am struggling to find a good property manage...
Arden Aemmer
Property manager not evicting tenant after 5 months of nonpayment
Hey guys,So this past July I bought my second rental property in a low income neigherbood from a cressy and Everett realtor who so happened to be a property manager as well. She managed that property for the previous ...
Account Closed
Tenant Lease Ended, Did not Vacate. What to do?
Great news! I close on my first property (duplex) on Tuesday, but have encountered the first obstacle. The seller provided notice to the tenants that the lease would end June 30. Unfortunately, they are still in the p...
George Frye
Owner Financed note creation
I have a property I just took from note to REO. I have a buyer who is interested in the property however hey want to do owner financing. What is the best way for me to create the new note. Should I go through a lawyer...
Spencer Speckles
Reasons to apply for commercial zoning exception or variance
I have a property in the central business district (C-1). I’ve been trying to lease the building for several years and have not been successful. Here’s my problem: the available space is at street level and the permit...
Joe Davis
Double Close Transactional Funding
Hey BP'ers,We have always used transactional funding for our "frontside" contracts ensuring we don't need to assign a contract or use the and/or assigns verbiage on the contract. We have always felt that it shows a st...
Gemika Steele
Lien discovery when selling home
My husband and I are trying to sell our home. We bought our home back in 1995 and refinanced in 1998. During the title search, it was discovered that the 2nd mortgage we had did not record and satisfy that the loan wa...
Nathan Volkmann
Capital Expenditure Policy
Looking for any advice/ knowledge people have about capital expenditure policy's. I bought my first rental and I am currently housing hacking. I made the rookie mistake if waiting until tax season to get tax advice an...
Evan Barney
Section 179 Expense Election - Immediate deduction of assets
Hi everyone, I am currently taking a Tax Analysis class at my university and I came across Section 179 in the tax code. Based on the discussion in class, it seems that as a business owner you can elect to immediately ...
Stanley Okazaki
Fishy Tenant Applicant.
Ok, we have this guy who at first seemed like a legit candidate but now is beginning to raise some questions. I don't want this to be a long post so I'll just point out the red flags....Claims to have been a realtor,m...