Roberto Fernandez Andersson
Lending private money to friend for property investment purposes
I want to lend my friend >$50k so he can buy a property and flip it. All risks aside, what are the tax implications to consider? Interest income will be taxed but how about the initial tansfer of money or when my f...
Aksel A.
Starting a new 1-member generic LLC RE biz
Greetings everyone,In parallel to my house search (settled on focusing on 3 family house thanks to gentlemen recommendations here), I am also starting my general purpose LLC.It will have a foot on housing rentals and ...
Tyler Frost
Tips for New Cabinets
I am currently building 3 spec houses. All 3/2 with about 1,400 sq ft. These are my first spec builds, previous experience in in flips. I have never had to replace the cabinets in any flips so this is my first experie...
Michael G.
Seeking an amazing PM in Brooklyn NY for three 3-family buildings
Hello fellow NY Landlords & Property Managers:We are seeking to potentially off-load up to three of our 3-Family Buildings in North/Central Brooklyn NY to a detail-oriented, will-stop-at-nothing-to-do-it-right P...
Mel Haggerty
Rent current home to use towards the purchase of another property
Hi BP nation! I am looking into renting out my current home and purchasing a new one. I've done some reading and spoke to a few people and they have said that it is possible to rent and use that income to show when ap...
Johnny Ruiz
how do I get this motivated seller property?
I recently just gotten a new lead in Portsmouth RI and the seller is really committed. She wants to sell as fast as she can because she is going through hard times. The ARV is 950k-1.3 million. I estimate repairs to b...
Lorraine Hadden
Should The Seller Reimburse Buyer For The Inspection Costs - Fixer Not Move-in Ready!
My business partner and I made an offer on an out-of-state (OOS) single family property in October 2024. The lender required that the property be tenant occupied/cash flowing. We (the buyers) notified our agent that t...
Caleb P.
Borrowing Cash From Private Money Lenders
I am 23 years old and just graduated college about 8 months ago. I do business with a family member of mine, where we invest in rental properties and do flips on the side. We have 12 properties total of which 1/3 bel...
Stanley Dean
Renters legal contract
Hi All if a tenant in Maryland that signed a 1 year lease contract paid the deposit and half month rent and moves in but her check bounced and I have received not a penny in payments. Do I have to seek legal eviction ...
Nick K.
Questionable Rent Check from Tenant & Third Party
The tenant is late on rent for the third time (yeah, I know). It's due on the 1st. I received a strange check on the 3rd. It was cut by a company I do not recognize and she did not give me any heads up that she planne...