Steve Vaughan
Steve's 3,000th post!
I met BP almost 2 years ago and wanted to celebrate my 3,000th post with you!I've seen Brian, Brandon H, Dawn, James and other esteemed contributors share their milestones, so thought I'd do the same.I doubt I have im...
Aaron Landau
Ready to buy my first home in Massachusetts! Need guidance please.
Hello all,
I am located in Massachusetts and am looking to purchase my first home. I want an investment property as my first home where I live in one unit and rent the other units out. Unfortunately, there are not ma...
Thomas Smith
Buying out a Partner
I am in a partnership in which we currently own 11 units together. A couple single family and a few multifamily. I put myself into the unfortunate position of being in a partnership that is 95% me and 5% the other g...
Matt Mimnagh
Hey IRS, keep your dirty mitts off my $50k!!!
So I have two deals closing this year that are going to net me approximately $50k. I'm trying to figure out a way to avoid paying too much tax.The first property is an empty lot that I got for free when I purchased a ...
Alejandro Ferrer
Landlord pays gas and Tenant abuses
Hell bp community, quick question. I’m wondering if a landlord,who pays the gas bill,can tell his tenants to not have the furnace on when no one is at home. Usually during morning working hours. The gas bill has been...
Kel S
Do you do lease/options? Thoughts on those?
How many of you have offered your properties on lease w/option to buy? What were the terms of that? Meaning did you charge X amount down up front and a lease term of X amount of time? After which point their down woul...
Tasha C
Refusing to Rent to Someone
14 months ago I had 2 twenty-something males move into a 2 bedroom unit. 1 had a good job and was financially more secure than the other.
But the 2nd guy was working multiple jobs, communicative and responsible, des...
Jon Schwartz
Structure a sale to avoid taxes upon death of seller?
Hi all,I'm in an interesting situation. Long story short, a 94-year-old woman has expressed interest in selling me her $2M duplex (in a very nice area of Los Angeles, hence the $2M price tag). I haven't dug into her m...
Jake Kucheck
Tenant Doesn't Want to Do Things the "Easy Way"
Situation:
Tenant who was consistently late on rent payments was finally given the boot. After months and months of "giving the mouse a cookie", I'd finally had enough.
Tenant agrees to vacate, actually vacates by ...
Seth Williams
Finding The Right Property Management Company
Finding the right property manager is a big decision that will have a HUGE impact on the success (or lack thereof) of your rental business.
In my conversations and experience with a number of property managers, I've ...