Tyler Brown
1031 Exchange getting the "boot"
Hello, we recently completed a sale of our apartment complex for $850,000 that was on a standard commercial loan. We used a 1031 exchange intermediary and then purchased a condo in Florida all cash for $360,000. We we...
Lue C.
Warning - SPI Advisory!
Hi BP Community,I thought I'd share my experience with a syndication sponsor and hopefully it would help other accredited investors. I have partnered with 4 sponsors on 9 syndicated deals as an equity partner and alw...
Mark Hu
Meaning of these health warning signs on properties for sale?
On occasion I have seen rental properties with signs posted on them like this:
'Warning, this site is known to have chemicals known to cause cancer'
The sign may or may not list specifics, such as asbestos, lead, ect....
Vishal P.
Showing a unit right away vs waiting after repairs are done?
I have a unit that is getting empty end of this month. I have already listed the unit online and obviously everyone wants to see the unit. My question and dilemma is, should I not show the unit when it is filled (with...
Solomon F.
Oil tank remediated. no sell?
I am looking at a deal where the property had an underground oil tank removed and the soil test shows mild contamination. The seller is re-mediating. One realtor advised me against getting involved because I intend to...
Eric S.
Rejecting applicants
I just read 4 Warning Signs of High Risk Tenants. Great article!
I am under the impression that when a tenant applicant applys (fills out forms, background check) that you cannot reject them for any reason and keep l...
Carol Whitaker
Is FreedomSoft worth it?
Hello! Have any of you tried FreedomSoft CRM platform? If so, is it worth the price?
Robert Haney
Poll: Who has a "checkbook control" IRA LLC ? Has IRS audited u?
I have a self-directed Roth IRA and set up an IRA LLC with a checking account for checkbook control. I'm the manager of the LLC which my self-directed IRA account owns.Some Self-directed IRA Custodians (usually trust...
Phil B.
FL Board of Realtors scam alert in FL
Hey guys,There's a scam going around where you get a real-looking piece of mail from the FL Board of Realtors saying your license is in jeopardy unless you pay $225. Its very real looking. I just got it in the mail ...
Ankan Basak
Tenant buys appliance on his own and..bills me!
Not that I dont want to fix it. But tenant doesnt give me any heads up. Apparently his refrigerator failed, and he went and bought a new one. Now he wants me to foot the bill. I could reimburse with warning that next ...