Account Closed
Is a 2 year lease worth a $200/month rent deduction?
Hello, all.
The house is listed at 2,175, but I want to ask the landlord for a monthly rent of 1,975, in exchange for a 2 year lease with a buy-out option. Is this too much to ask?
I have an excellent cr...
Sam Kay
Multiple Recurrent Leaks - Need advice on pivot strategies.
Hello BP fam,Need some advice. Purchased a 3 fam in Jan 2024 built in 2016 in an appreciating expensive market across the Hudson River from Manhattan NY. 2 units were vacant on acquisition and completed rehab in July,...
Steve Schmidt
Advice Needed on Selling Note Partial
Hello,I am looking to sell a partial of a note on a property in Colorado.The property sold in Sept 2023 for $130,000. The buyer put $30,000 down.The $100,000 note is being serviced by a servicing company in Texas.7.2...
Tomoko Hale
Must have a CPA?
Many people mentioned that it is strongly recommended to have a CPA as a part of the team. I started looking in my area and am a beginner of real estate investment.Would you please tell me the reasons to have CPA vs a...
Jeff James
Note Newbie Questions/Frustrations
I am an investor who is looking to buy my first note. I am new. I don't pretend to know all of the answers. I am still in the "I don't know what I don't know" phase in many ways.Because I have no experience and I d...
Travis Fisher
Higher Caliber Friends #askbp
"You are the average of the five people you spend the most time with" - Jim Rohn"Tell Me Who You Spend Time With, And I Will Tell You Who You Are"What have you had to change in your life to to gain better friendships?...
Jake Engle
Advice greatly appreciated on potential deal
Thanks for taking the time to review this unique situation:I am currently considering moving forward on the following deal as I feel like it is a slam dunk, but could really use some affirmation before making the leap...
Steve Adler
Should I stop pursuing these leads?
Hey BP Community quick question. I have a person in my community who is known as a “slum lord”. His company and apartment complexes have TERRIBLE reviews. He has over a couple hundred properties in my town, and a lot ...
Brandon Almanza
I own 1 rental property but need money to buy a home
My wife and I are expecting a second child. The house we are in now (in Texas) is not going to be big enough. We owe $60k on the house with plans to sell for $135k. Additionally, we own a rental property in New Hampsh...
Bienes Raices
Making a loan to an LLC
What would be the rationale for making a loan with a promissary note from your personal name to your LLC instead of just making a capital contribution? Is there some tax advantage to doing that? It seems simpler to j...