I am a realtor, My mother has a high value 401k she is looking to roll into a solo 401k in order to purchase rental properties for her portfolio. Am I prohibited from acting as the agent on these transactions?? I und...
I’m purchasing my first investment property. I will be inheriting a tenant. The lease ends July 2023. I know the security deposit should be transferred at closing. Do I introduce myself immediately after closing? What...
I just went under agreement on a duplex, but it comes with tenants in both sides. This is the first time ive inherited tenants and wondered what everyones process is with new tenants. They both have leases that ende...
I recently sold a renovated house that had an older but operable water heater. In the contract it was asked that all mechanicals were in working order at time of the inspection, in which they were and everythin...
Hi there,I'm about to start searching for a new apartment and I wanted to create some kind of rental information package I can give to any potential landlords once I viewed the apartment and if I like it. I'd like to ...
I recently attended a class on advanced tax strategies for real estate investors. As we all know the standard "straight line" depreciation allowance from the IRS is a 27 year depreciation schedule on residential inves...
BP,
Ok peeps, I've been grinding on the MLS for a few months now, dealing offers like the dickens, but I haven't been doing any follow up. Should I follow up with the agents? How do you do it?
The reason I ask is b...
So I’m a fairly new investor looking forward to doing my first deal and expedite more homes, but I talked to my lawyer today and now I need information from Experienced people who are knowledgeable in lease option/ren...
Hi BP community,
I am negotiating a purchase for a 8 unit building, 2 stores and 6 apartments, and the seller does not want to provide schedule E for 2 years for the building. They had agreed to provide all leases an...
Help please, im not sure what best route moving forward is. (Sorry its a bit long)Situation: In September I took possession of my father in laws second house. The house was in poor condition. (He Was dropped f...