Hi BP Community,I am starting to look into multi-families as the next phase of my REI journey. (just some back history - I have a few SFRs and a duplex as buy and holds but am becoming interested in slightly bigger d...
So my tenants trashed one of my rentals and moved out. Carpets were soaked in pet urine and engine oil. Countertops were damaged. Fist sized holes in every room. Doors ripped out of the wall and left the house full of...
Hi BP!One of the rentals that I own in Memphis, TN that I bought in early January had a Section 8 tenant already in place, the deal looked good on paper, but I forgot to ask for the rent ledger. It turns out that the ...
I have a tenant who paid the entire year's rent. Yep, one year in full. It was one of the tenant's parents who actually paid the money and the tenant gave us a cashiers check. The tenants are in their late 30s.In any ...
Hello everyone! So I'm looking to buy a property from my cousins they inherited and want nothing to do with. It needs a lot of work. My plan: I wanted to do a quit claim deed to take possession of the property with no...
Any tips/things to look for when dealing with foreclosures on auction.com, Ive been researching for awhile need some help
Hello everyone, I am a 31 year old married father of 3 in central NJ. I thought as an introduction I would give some insight into my current situation and hear some of your thoughts. Beginning this year I have been ag...
Has anyone successfully bought a property through auctions and/or foreclosures? If so, could you kindly advise what the process looks like to close the deal (how to bid, how to deal with banks etc.), how the title pro...
Here is my situation.
I purchased a new home in Aug 06 and like many people who try to keep up with the Jones' I chose a house that I could "afford" but just barely. Now a year + later, I'm in a position to where th...
There are hundreds of topics on this forum regarding tax strategy for LLC. When I talked to my CPA, they explained if I will classify my company with IRS as S Corp, then I will be avoiding paying self-employment t...