Asa Hunt
What happens if you can't participate in a capital call?
Hi, folks. It looks like there's a mandatory capital call forthcoming in a project I'm an LP in. I can't contribute more money at this time so have no choice but to be in "default".
Besides not being able to collect ...
Phil M.
LLC formation in NYS
So my partners and I have decided to start the formation of an LLC so that we have a business entity to protect our assets.
I understand that the Articles of Formation are a few hundred dollars, b...
Saim Chaudhry
Probate / Letters
Hello everyone,
Love this forums, I have been lurking on here for a while and reading as much as I can and listening to podcasts. I am completely new to the real estate biz. I feel like I have found my nich...
David Krulac
No Income Tax, No Real Estate Tax, No Capital Gains Tax & No Inheritance Tax
Does a place like that exist outside of a real estate investors fantasy or a CPA's nightmare? Imagine what your cash flow would be without income & real estate taxes!
YES!
Turks & Caicos, an...
Tiese C.
Non-Motivated Seller
Good Afternoon,I have received my first call from my first absentee owner DMM campaign. However, the owner of this particular property owns it with her 2 siblings. She said there is a tenant in the home and just wa...
Eugene Lee
Investments and divorce?
Hi All,I ask mainly out of curiosity and because I *may* be getting married soon (yay). What happens to investment rental properties and investment brokerages in my name only both before and during a marriage in the c...
Jane Z.
Nervous about renting out first rental property
Just finish repairing my first rental property. It is a ranch home with 3 bedrooms 2 bathrooms. Nice, clean, lots of trees and privacy in a good school district. My property manager took some pictures last Wednesay an...
Joseph Sherer
MAGIC ELF? Property owners-managers with fewer than 10 units: what would you do with a magical elf?
Hey BP community, Do you own anywhere from 1-10 SFH, duplex, triplex, quads or other properties that you manage yourself? If you were gifted an elf that could tackle only one job, what would you have the elf do to...
Michael Bracken
"Howdy" from Dallas! I tip my 🎩 to ya for HELOC advise
Greetings, I would like to raise some money for conventional financing of a duplex or 4 plex.
I have a rental with 110k equity owe 39k 6.5% and a primary residence with 100k equity owe 98k 4.5% 15 year note. If I c...
Account Closed
How to get rid of dead person smell?
I'm working with a landlord whose last tenant killed himself in the unit and was not discovered for two weeks in the middle of summer. The landlord hired ServPro to "clean up" the place but the smell still lingers....