Hien Dang
what are the normal cost of business mentors?
I am a newbie at real estate investing.
The mentor I have explains that with every deal he gets 50%.
for example:
A lease/option home with $20k down
And a residual of $1000/month
He would get $10k of the down pa...
DaVaughn Reed
The book on managing rental properties
What did Brandon Turner mean when he was talking about the policy binders “telephone standards” ?
Maria Dominguez
Can Anyone Recommend a Remote Accountant for a 1st year Investor?
Hey BP Fam, Trying to find someone who can recommend a great accountant that can work with me getting my taxes ready on my first year of investing. I bought 2 multi-families this year with 4 doors. Ive taken 6 months...
Ben Lockspeiser
How to structure a non-partnership deal
I want to purchase a STR with family members as a second home so I can put 10% down. They want a place to park their money and see some appreciation and return, and I want to use it as a way to offset my w-2 taxes whi...
Ryan Murdock
After hours phone service - emergency call solutions?
I am looking for a solution for after hours phone service for a small rental portfolio. I would like tenants to be able to call the "normal" business line after hours and leave a message. In the event of a real mainte...
Alan Howard
Multi Unit Notice to Enter Property
Hello BP, I just purchased my first 4 unit rental. Three of the units are occupied and the fourth is ready to rent. Do I need to give 24 hour notice to my tenants when I am going to show the vacant unit, or when I am ...
John McAuley
Expenses for homes that did not close
Hey Guys,I had several expenses this year associated with homes that we ultimately did not close on (inspections, termite inspections, etc.). Are those treated like normal business expenses against my LLC for tax pur...
Alex Kolt
Unable to make repairs in the property
Have a tenant in my property that is a nurse, who is working every day. Every time there's an issue that requires repairs to be done in the property she wants me to find someone who can come in early before 8am or aft...
Kyle Scholnick
Pay Yourself Rent? The Battle of Schedule C vs E
Are there any rules and regulations from IRS on paying yourself rent if you own an office building and your unrelated business uses that location? By doing that, it would put passive income on schedule E as opposed to...
Dane Fossee
Accompany Maintenance People to Rental Properties?
Hello all,
Do you allow tenants to choose weather or not they are home when a maintenance person comes to do a repair?
Some tenants are paranoid about having people in their homes when they are not pres...