Lucero Sanchez
What if future tenant wants to cancel before move in date?
We made a rental agreement with our future tenant yesterday with move in date of June 15th she gave us the security deposit, first months rent and pet deposit yesterday. So my question is, what happens if in the event...
Tiffany H.
How long should it take a HML to respond with an answer?
Hello, my Husband and I are starting out as new investors and are trying to get approved via a Hard Money Lender. However, we applied last week, and still no answer if we are approved or not. Does anyone in the BP com...
Alex Porrett
People that BRRR 10-20+ houses a year, how do you refinance?
I may be in a unique scenario. My business partner and I BRR(R)'d a house over the summer. 80k all in. Worth about 115k now. It's already rented for $1235. Problem is my business partner and I can't get qualified for ...
Michelle Bright
Moving property to an LLC
If I have a LLC that is registered in another state (Indiana) that I want to put a house in Chicago into. Do I need to apply for an Application for Admission to Transact Business to register the LLC in Illinois? Thank...
Ingrid Abrams
Management Company excessive side fees
Hi everyone, I moved overseas and hired a big name management co ( Two letters and one number in their name) in Riverside to handle the property. They take 10% which is fine. But it is the excessive side fees that I c...
Account Closed
$2,500 De Minimis Safe Harbor Election - per project or total?
Hi everyone, I closed on a property last week, listed it for rent the day of closing, and am performing some minor changes before it is rented. Based on my understanding of @Brandon Hall BARRRR stategy, since the pro...
Briana Norris
Best way to use OPM
I have been approached by a family friend that has watched me invest over the last year and wants to use his money to invest with me. Does anyone have any suggestions on the best way to use/borrow the money and how...
John Blanton
Cost Segregation Worth It For Long Term Hold (Legacy Hold)?
If you are planning on holding a property for a long time (multiple refi's, legacy hold, etc) Is it still worth it to get cost seg done on the property?If the business plan is to hold the property over 10 yearsIs it m...
Takahito Torimoto
How to re-classify a Primary Residence as an Investment Property for 1031?
If I had an investment (STR) property for 2 years (We'll call it property A), but then moved into it full-time (not renting it out) "converting it" into a Primary residence - and in the future, I decided to purchase a...
Account Closed
Questions about mentorship
Hello BP,My name is Angela, and I have a question about mentor ship in the Dallas-Fort Worth (DFW) area. I would like to start out working under a mentor, but I lack the money to pay for it. I've also read that you ca...