Patrick Scifres
Wholesaler's and Due Diligence and Transparency
I have a new client who found a property here in Memphis, TN that he was interested in maybe purchasing. The property was on Zillow and was listed for sale by a wholesaler. Now before you jump to conclusions and thi...
Justin Wood
Tenants destroyed my place. I kept deposit but what else can I do
I have a couple tenants that have destroyed my units. Obviously, I need to vet them better but as of now what are my options? I have photos showing ton of trash left behind, appliances ruined totaling about $10,000 in...
Mark Forest
Capitalize or expense
I have brought this up on other boards, but I still am not sure of the answer. I am a landlord who has acquired some fix up properties which I will lease to tenants. I have not yet made any of the houses rent ready....
Michelle Belinfante
Anyone using 2 Cell Phones?
Just getting started, anyone find it beneficial to have a separate phone for business or too complicated/unnecessary expense?
Robert D.
eviction cook county IL
This process applies to eviction in Cook County IL. Other jurisdiction might have different process.
This thread is to encourage landlords to file for eviction and put their deadbeat tenants name in the system so th...
Eric Lunsford
Tax implications for a private lender
I apologize if this has been answered before. I did a brief search and didn't find anything that answered my question. I'm wondering how private lenders get taxed on their earned interest as they loan money to RE inve...
Account Closed
To Replace the Roof or Not?
I had 4 different roofing companies assess the roof of my long term rental. All but 3 have recommended replacing the roof completely. It already has 2 layers of shingles, needs a cricket for the add-on chimney, new pi...
Alex Yee
Process in buying 2nd property right after the first & qualifying for loans
Hi folks! This is my first post on BP (yay!) I appreciate all the advice on this platform and love being a part of this community.I just came back from Las Vegas where I was looking for my first investment property. I...
Dan H.
umbrella policy is going up over 50%
Property insurance roes have got a lot of press as providers pull out of various markets and prices increase. Florida is likely the most impacted, but California has also been heavily impacted.I have not seen anythin...
John Kernen
First crack at a purchase has been discouraging.
I have been looking for ther right deal for some time now. Dragging a realtor around to every house in town. The market is tough right now but I keep hanging on the thought that if I don't get started I never will....