Nicole Heasley Beitenman
Question regarding FHA and residency requirement
I got into a discussion with my father recently about FHA loans and the requirement that you live in the home the majority of the year. We had a bit of a debate about whether or not the bank could do anything if they ...
Jeff Halverson
Short Term Rental - Neighbor Not Happy - Need Attorney Rec
Hi - I purchased a home in Sevier County last year, remodeled it, and just got it on the short term rental market. I have a COO for 12 people but listed the property on AIRBNB at 16. My neighbor, who is vehemently...
Joseph Vaughn
[Calc Review] Help me analyze this deal
Hey BP family!I'm running my initial analysis on an investment opportunity in Athens. I want to put in an offer to tie the property up so I can do my homework (approve sellers books, records, leases, property manageme...
Gurjot Grewal
Seller not releasing EMD within financing contingency
Hello BP,It's only $1000 but with the language in the contract, it should be returned back to me. My loan was denied due to "excessive obligations" and "lack of income for obligations". I forwarded this to the seller ...
Karl Dela Cruz
Career in development. How to get started?
Hello,I am currently on my last year of University to obtain a degree in business focused on Finance. I am currently in an internship in commercial real estate but I can't imagine myself managing portfolios forever or...
Michael David
New to BP we're in Houston, TX - Buy and Hold, Handyman
Hello All,
Sitting in my cubicle and looking for a way out...Wondering what the best path is for taking that first leap. I estimate 10 buy and hold properties that average a net $200 a month would be just eno...
Jessica F.
Sample Notification to Tenant of Late Payment Due on Rent? Certified Letter?
Rent is due on the 1st of the month. The lease allows for a grace period up to the 5th. The lease also states that after the 5th, there is a $25 late fee and after the 10th of the month, there is an additional $25 lat...
Aaron Hurst
Evicted tenants got a lead paint test -- what to expect next?
Hi BP,I purchased an older (circa 1930) multi-unit building in Pennsylvania. I inherited 3 sets of tenants under conditions that were concerning at the sale (i.e. no leases or rental history), but I understood that t...
Nathan Frost
LLC Address (What is best for security)
Hi, I have a few rental properties in my LLC name, however, I looked them up on the county website and it has my primary address for the LLC. This is correct but what do you all recommend for protection as far as th...
Account Closed
Using Offshore Companies for International Investors
In the last few years I have been fortunate to have a number of international (non-US) persons invest in real estate with me.
One of the biggest concerns that international investors have is the tax burden that exis...