Brenda Wright
The New York Eviction Law = 0 CashFlow Opportunities
"The only reason I'm not investing in New York is due to the eviction rule. A tenant can stay 4-5 years without paying rent while destroying your home." This is what every New York Investor keeps telling me. Is there ...
Jeff B.
Selecting between 2 applicants
Received 2 applications for tenants today for one of my houses. The first applicant seems to barely meet my requirements (primarily income requirements) and the second meets and exceeds the requirements by a signific...
Joy Ladignon
House hacking 1st home, want to get into BRRR or STR but need advice
Hello! I just joined since I've looked at some of the forum posts and love the helpful community and would appreciate some personal advice. I bought my first home (conventional loan 5% - 420K 3 bed 2 bath beach house)...
Becky Lu
Is LLC really necessary when you just start out?
Hi BP members,My husband and I started our RE investing and bought a 29-unit apartment in Texas and a 16-unit in North Carolina this year. (We bought our residence with a VA loan back in 2011 in California.) After rea...
Andy Sabisch
So how would you handle this type of tenant
Quick question . . . our leases state that the rent is late if not paid by the 3rd of the month and at 15 days, we will initiate eviction proceedings. We have one tenant that screened well (talked to the previous lan...
Kayl Kam
LLC, CPA, depreciation, tax write off - Rookie turning residential into rental
Hi all,I am planning to turn the current residential property (SFH, 4b/3.5b) into a rental since I am relocating to another state. I put 5% down 2 years ago (conventional loan with PMI), fixed interest rate of 2.875%,...
Lilian Gonzalez
Tennant not paying
Good morning.. I just started the real state investing 2 years ago. I rented a unit to this girl who had a son was pregnant and was moving with her boyfriend. we ran a background and both seemed to make good money to ...
Dave Craig
LLC Expenses vs. Standard Deduction
I know this is a very basic question, but I've read quite bit about real estate investing and taxes at this point and haven't seen it clearly stated. Since the LLC is a passthrough entity, do the business expenses (pl...
Kris Haskins
USDA short sale deal falling apart, NEED HELP !?!?? SOS
Hey BP Fam, I have an approved short sale with USDA, the letter states they will accept my offer and it has the net amount on the letter. The seller is worried the IRS will count the difference between the sales pric...
Steven Donovan
Family Money
We currently have some family money my wife's grandmother and we plan to use her money and buy a house to either rent or flip. All loans would be under our names that would not be covered by the cash.
For tax purp...