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I just started a deal to purchase a turnkey wholesale property in Detroit, MI from Travis Peterson and Todd Morgan. They have a team in place, including a title company, appraiser, property management, rehab contract...
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I have been looking at a 32 unit building. The area is currently supporting rents in the 500-600 range. The building is up for auction and in fair shape but will likely need 200k in rehab. The current owner bought ...
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Hello BP.
The reason I said that in the title is I really think it's been tougher than I thought, I live in NYC and have a full time job, I'm looking to invest outside my hometown, In Orlando I have a brother there,...
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It may not be the best idea to try and find a partner on the internet. However, would anyone with cash/operating experience (that would qualify for commercial financing) be interested in partnering on a deal together?...
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Hello all,
A little background, I have recently graduated college (1 year ago) and have been working as a mechanical engineer now for about 8.5 months. I am currently living in Texas. This is temporary and it is per-...
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So a family member of mine is getting ready to sell his 18 unit apartment complex off market. I've tried to go the route of owner financing but he'd rather just pay the capital gains tax and take the remaining profit...
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I have hired a management company to screen prospective tenants for my apartments. But I just found out that they do not do credit checks. They said they do criminal record background checks, income verification, evic...
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Hello All.
I need some advises. So I bought my first single family home in Sacramento. I bought it for myself but planes changed and I will be moving out of state. I know the rental market is hot in Sacramento but I'...
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Hello, BP! I have a 4plex in Las Vegas that I recently acquired. One of the inherited tenants is on a month-to-month lease and has not been paying rent. I initially attempted to evict the tenant and he applied for CHA...
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I'd like to find out if there is a maximum amount of mortage interest that one is allowed to write off of income taxes in any given year.
I'm a newbie and here's my situation:
I'm a farily new lawyer (48 yrs old, un...