Account Closed
SDIRA or Cash Out My 401(k) – Help Me Decide (long post!)
Here’s my dilemma. I have ~$150k in an employer 401(k). My job ends at the end of February. After that my and my husband’s plan is to invest in multifamily rental properties, reinvesting all of the profits as we go in...
Evan Loader
Need a Real Estate focused CPA, unfortunate situation
So I have a tax situation that is unfortunately going to require me to have to terminate the services of a CPA and start over for tax year 2020. I am a MI resident, currently work overseas in Bahrain and take full adv...
Tony Castronovo
How to inform a prospective tenant they did NOT get approved
After screening prospective tenants and making a selection, am I obligated to let the applicants who did NOT get approved know why they didn't make it? Not sure if it's best to "say nothing"....be vague....or tell th...
Kelley B.
Why no love for condos?
These seem to be an OK investment for those that just want cash flow. Granted, they don't typically appreciate as well as a SFH but they look like a lot of good. Professionally managed, exterior done by the assoc, etc...
Monica Morff
Buyer of Our Home Trying to Sue Us
Hello,I am writing because of a situation that we are in. We sold our personal property in September of last year and have been living with family ever since. In June of this year, we received a large packet in the ma...
Anders Jax
What is a standard waterfall structure payback(LP paid first etc)
If $1m is invested by LP and annual cash flow is $200k for 5 years and asset sells for $2m, lets say for simplicity split 8% pref and 60/40 thereafter, so LP gets $150k in theory per year on cash flows before selling ...
Maricruz Romero
Looking for a contractor
Hi BP,
I am currently in search of a contractor for investments I plan to make in Philadelphia through the BRRR strategy. Although I haven't acquired my first property I would like to get aligned with a contractor to...
Mark Miles
Is my agent on my side or not?
On this property that I'm buying, the sellers have caused a number of issues after we went to contract.
As an example, due to a few issues caused by the sellers, we were only able to partially complete the home inspe...
Justin Madison
Should I Invest in this Flip Opportunity?
Hello BP Community! I'm still fairly new and have a deal that I am considering. It is with a local flipper who is quite experienced. The deal is to lend him $200K for the duration of the project with the expected d...
Gustavus Adolphus
Preventing contractor upcharging
I'm a reluctant real estate investor (I bought a rental property next to my house not because I want to be a landlord, but the previous owner agreed to sell for a low, low price, and I wanted to control the house next...