Ashana Singhania
First Rental Property - CPA made Scorp election while creating LLC
Hi All,
I'm looking for help as I've been receiving really contradictory information after several CPA consultations. I'd love some advice or Real estate specialized CPA suggestions.
Context - I recently bought a pr...
Peter Fokas
new owner - what to do about getting new leases
So recently purchased a 6 family building. 3 tenants have existing leases and 3 are MTM. What is standard operating procedure in getting new leases with them. Are current leases with old owner null and void? Can I...
Jason Malabute
the importance of writing procedures
Do you know why Ford, McDonalds, and Nike are so dominant companies? Because they have procedures for everything.
They literally have a step by step guide on how to build a car, a shoe, and a cheeseburger. The item ...
Steve Baldwin
3 Day Notice in Ohio - Tenant Seems Gone?
Hello all!
Wanted to get advice on a 3 day notice I served last week.
The tenant looks to be gone, he removed most of his stuff, leaving behind a couch and some trash. The 3 day notice is still on the d...
Jessie Chang
Looking for TEXAS reliable Eviction/Collections Attorney/Service
Hi all, if you are a property manager or landlord that has an active portfolio and know a good service / attorney who specialize in evictions and collections and you personally have used them and had great experience,...
Colby Shelhorse
Mold in REO Foreclosure
I am looking at a REO property that has been on the market over 100 days. The listing agent for the bank has been contacted and has notified me that there is a mold problem in the basement. They say that it would cost...
Zak Cooper
Creating the ultimate Seller / Owner Financing Checklist
Hey BP peeps,
Newbie here, in discussions for my first Seller Financing deal!
Apologies in advance if there is a forum post similar to this, but I couldn't find one with a checklist-style format. As such, I am aski...
Josh Richter
Section 8 Rent Raise?
Hello I currently house hack a duplex in Modesto. My tenant is on section 8 and was wondering how I should go about raising rent?
Account Closed
Milwaukee Probate Lead... But What Exactly Is the Probate Process?
Hi everyone,
I recently got a call from a motivated seller who inherited his uncle's house. If I were to pursue this lead what exactly would be the procedure here in Milwaukee, WI. I've heard about going thro...
Celia Moore
Does a Vacation Home qualify for 1031 Exchange?
The answer is “yes” if the dwelling meets the qualifications set forth in Revenue Procedure 2008-16. Effective March 10, 2008. This revenue procedure clarified what was once considered a muddled area of 1031 exchanges...