Daniel Guillermo
Can my SD IRA and I lend to the same borrower?
I was hoping someone here would know the answer to this, I want to make sure this is not considered a prohibited transaction. Can I lend money from my self-directed IRA to a company and also make a private loan to th...
Lou Forino
forgiveness of rent/sec deposit in exchane for keys
We are in NYC and I have a property that we are in contract to sell, but it must be delivered vacant. One tenant agreed to leave at the end of March in exchange for rent forgiveness. Feb & March, minus 1 mo. secu...
Manoj N.
Renting to a person who is likely to file for bankruptcy
I have an applicant - a nice family - who applied for my house. Their business went bankrupt in 2007 (filed for a bankruptcy then) and their second business also went into debt due to non-payment from clients 2013. C...
Julio Ruiz-Cadalso
Adjusting comps to arrive at an accurate ARV
Hi everyone,First BP post so I wanted to ask one of my most pressing questions. I live in Houston, TX and will try to close on my first flip in (hopefully) 90 days. I feel uneasy about my ability to get an accurate AR...
Sam Lofton
Looking Through Bank Statements
Hi, I am screening a potential tenant who owns his own Drywall company (in a verified LLC). He does not have paystubs but has provided the last two years of bank statements for me to verify his income. His income ...
Carrie A.
If you knew then what you know now!
When you first got into real estate..... As far as leases go, if you knew then what you know now, what would you change? What is something you wished you had in your lease that you didn't, and you learned the hard way!
Levi Bennett
Real Estate professional seeking network
I recently had a beer with a colleague I met on BP, and something he said that stuck out to me was this, "The nice thing about moving somewhere totally new, and doing something you've never done before is that if you ...
Hoa Nguyen
Things to consider when renting a property with a pool
Hey everyone! In my endless journey to find more rental properties, I have stumbled across a deal that has an inground pool. None of my current rentals have a pool, so I am not too familiar with the process. What tips...
Marshall Rousseau
Commercial Tenant Interesting Situation
Hi all. I rented out a tiny commercial space to some ladies that wanted to open a retail clothing store. 10 days after move in they had a falling out and one of them moved her portion of the merchandise out of the sto...
Julie Muse
Quick Flip Success: Profitable Whole-tailing with Archie Ragland
Investment Info:
Single-family residence wholesale investment.
Purchase price: $93,000
Sale price: $122,500
Partner Driven, in collaboration with Archie Ragland, completed a successful whole-tailing ...