Sam Rogers
Insurance settlement taxable?
I have a friend that recently received an insurance settlement that far exceeds the cost to repair the damage from a small fire at one of their rental properties. They made the repairs and now are left with a hefty wi...
Eric Johnson
Rehab Question - Allocation of Funds
Greetings BP members,I'm looking to purchase a property and rehab it to flip. My question, is there a rule of thumb about how the funds should be paid out to the contractor? For example, if a contractor gave me a qu...
William Ellis
Finding Money For Large Multi-Family Deals
OK, so I can go to a bank and get a loan for a $350K 12-plex by putting 20% down but what if you want to purchase a 100 unit apartment building?If you have great credit and about 100K but don't have a half million net...
Spencer Dillinger
When to hire property management?
I am looking to purchase my first house. I often hear the advice that you should hire a property management company. Is it possible to still make positive cash flow on a one to two unit home using a property manager?W...
Marvin Meng
Shifting business model
Hello, We've been a buy and hold investor in Edwardsville, IL (suburb of St. Louis) for several years. I would like to fund growing our portfolio by conducting flips and possibly wholesale deals in this area. Regardin...
Lana Ly
Section 8 tenant not paying their share of rent need advice
Hello fellow landlords,I rented my house to a section 8 family to the mother and 2 kids who are over 19. They all work and HUD determined their share and it is more than HUD pays me. Well the first month the rent was ...
Ryan York
How To Make This Deal Work?
Hey all,I'm trying to figure out how to make this deal work for us and the seller. He's pretty firm on a purchase price of 40k. It needs about 20k in repairs and the ARV is about 65k-70k (conservative). He's open to s...
Tim Porsche
Crushed Drain and Sewage Backup in Pending Flip
Hello All, I'm about to purchase a flip project that seems like a good deal, but I'd love to have your opinions to make sure I'm not potentially missing something. The numbers look good on paper...purchase price of $1...
Vincent Plant
How to prepare for a landlord complaint hearing
Well it finally happened. I have acquired multiple rentals over the past 4 years and have had a pretty good run with the initial tenants I have put in my properties. Except now. One of my tenants, a young couple start...
Jameson Sullivan
Am I gonna get my money out of re supporting the houses posts?
So I bought a house as a live in rehab and it son post and piers. I need to do SOMETHING with the foundation before I start tearing inside stuff apart and remodeling but heres my questions, I have had two guys out so...