Chris Seveney
Note Investing No Win Situations
Wanted to share a recent no win situation. Have a borrower in BK and we filed post petition fees for proof of claim and a plan objection (since they originally did not include property in BK). Now the defense counsel ...
Sean Robertson
LLC to run your rentals through ?
New to BP. While networking I meet a realtor that said he started a LLC to run all of his long term rentals though. Any thoughts on this? Would it be wise to do for short term rentals as well?
Thanks
Account Closed
Property has lien and adverse possession claim filed
I recently purchased a property in a foreclosure that I could literally profit up to 80k or more. It has a few cosmetic issues on the outside with no idea what's going on with the inside. the other little detail, it ...
Sarah Karakaian
Our First Multi Family - And We Were Duped
Well, we just closed on a 4plex. We did everything we were supposed to. We used the calculator. We calculated for CapEx and even put aside 12K for each door for emergencies.We hired a home inspector.Thank goodness we'...
Dino H.
Tenant Trying to Squat in Apartment
Hello,I help manage an apartment building for my parents in the (not-rent-controlled part of) San Francisco Bay Area.We gave a woman a six-month, end-of-lease notice (my parents were extra nice and gave her more than ...
Justin Eaton
Flip Investor In Transition To Apartment Investing!
Hey everyone! I am looking to transition from primarily doing flip projects to multi family syndication. I would like to start with a 10-20 unit property in the local South Jersey market and grow from there. I've been...
Roger Jones
Probates
Anybody got good letter copy for an initial approach to personal representative/executor.
Rich Hupper
Difficult tenants in house headed to auction
Hello BP community. I have a homeowner who bought a multifamily a few years ago, hired a management company to keep it maintained and rented, and basically forgot about it. Now the place is trashed, tenants stopped pa...
Holly Williams
NRIA - National Realty Investment Advisors
Has anyone ever heard of these guys? There is an old post about them about some work they did in Philly many years ago, but nothing recent. They are based in NJ. They apparently GUARANTEE 12% returns. I'm suspiciou...
Nicolas Franckenfeld
How to 'hide' from your tenants. Need suggestions.
I, like most of owners with more than a handful of leases, tend to put some sort of separation between the tenants and me. With most properties, this separation, usually via a management company, is desired to preve...