Rob C.
How to choose what to repair from inspection report
I know that a lot of investors don't bother to repair a lot of the problems found in an inspection report. But how do you choose what to address and what not to? When I talk with the inspectors, naturally they tend to...
Nick Noon
Homepath Property
Hello fellow BP'ers,I was wondering if anyone has had any experience with buying with homepath. I looked at a property yesterday that I am going to make an offer on today. This is my first time ever making an offer ...
Ev Senter
A lender just refused to lend after spending all my $24K deposit.
Do commercial lenders have any requirement to protect the interest of their clientele? With residential and up to 4 units the lender would certainly check out your credit and financial condition before asking for a lo...
Ryan Rubel
Best new flooring for this rental - Chicago area
My rental SFH is going to need the carpet replaced after the current tenants leave April 1st. This is a 1250 sqft. SFH in the Schaumburg area near Chicago with a slab. What's the best looking, durable, affordable, a...
Scott Carrillo
LLC tax return: How much should it cost? Seeking Bay Area CPA
Formed a 3-way LLC partnership in 2018 but no business was conducted. How much should it cost to file and does each partner need to file separately? I received a quote for $600 and this seems outrageous. Also, does an...
Yisrael Weiss
Separate LLCs for a California Resident
Hello brain trust,
I'm purchasing my second property in Ohio as an out of state investor living in CA. Everything I read said to put each property in it's own Ohio based LLC and each with its own bank account.
As...
Chris M.
Blew it all in one shot.
Saved about 100k to get into the business. Sent 2k yellow letters with a few hits. Steadily getting more hits, but here lies the problem. Spent 20k on 9 acres of vacant land in the heart of town. Then, made the kne...
Mary A.
Rent pd w/o returning Lease renewal - advice on nest step?
As a relatively new Landlord managing my own property (15 units in Texas), I have several inherited Tenants on TAA Leases (I am not a member), that I am now updating. I carefully reviewed the existing Leases and gave...
Jon Begley
Do I need a professional cost segregation for new construction
I recently finished construction on an 8 unit apartment building and it contains a mixture of 5, 15, & 27.5 year property. My question is, I have invoices for what those specific items cost so do I still have to h...
Sean Peters
Tenant Ignoring Late Fee Notices & Refusing to Pay
Hello all,I am currently in a situation where one of our retail property tenants is refusing to acknowledge and pay late fees as stated in the lease. This property is a family property and until recently it was manage...