
29 April 2019 | 5 replies
Can the BRRRR method be applied to small businesses?

14 June 2019 | 3 replies
Hi BP Family,So I just closed on my first multi unit deal with two tenants in place, one of the tenants has been there for a long time and the previous owner never took security and last from them.

13 July 2019 | 23 replies
Problems After closing, and my property manager talking to each one of the tenants, trying to a) see which month to month tenants can sign a longer lease and b) changing the payment method from dropping checks to the office to either paypal or bank deposit, we started having problems with 3 tenants. 1) Doesn't like depositing checks or using paypal, was agressive to property manager and is breaking her contract by leaving on Saturday because she doesn't like the way the new management is running things. 2) Find out that the other tenants pay more money than him for rent and wants to pay the same amount as the others or leave. 3) Also doesn't like the new management and will leave at the end of her lease this month.

26 April 2019 | 9 replies
You also have their security deposit, perhaps you can negotiate that you keep it to help cover closing costs?

1 May 2019 | 9 replies
This method would not require monthly payments which is a big benefit in managing cash flow over the life of the debt.

26 April 2019 | 2 replies
First, you should verify his income supports the rent without her assistance.Second, you should write up a simple "Remove Tenant Addendum" that removes her from the lease, gives him complete control of the lease and responsibility for the rent and condition of the property, and that notifies her she is giving up any rights to the property or the security deposit.

30 April 2019 | 6 replies
That's the most effective method.
7 May 2019 | 3 replies
The numbers are fair in my opinion but I would structure it as a secured loan and a joint venture agreement(two separate agreements).

16 May 2019 | 12 replies
Don't let "accreditation" or the folks selling products "only accredited investors can buy" lull you into a false sense of security.

26 April 2019 | 11 replies
You could contribute enough to get the match, let's say 4% from you and your employer (8% total contributions), but your 401k loses 6% one year, resulting in growth of only 2%.During a good year, maybe it grows by 16% (=8% investment gain on your 4% contribution and 4% match).Alternatively, you could keep the entire 401k account in cash (not invested in any securities) and let it grow at the matching rate, guaranteed like a CD.If you forecast out to retirement, based on what you plan to contribute, do you anticipate that your 401k will be your primary source of retirement income?