Suzanne Chan
Fully stabilized 33 unit apartment complex
17 January 2025 | 2 replies
Amenities include, laundry, assigned parking, and wifi available for each unit.
Jordan Laney
PM changed the utilities too early and now we're stuck holding the bag
8 January 2025 | 38 replies
The real issue is that they didn’t have a plan to monitor usage or set up protections to minimize costs during the eviction process.Ideally, the PM could’ve done things like:Limit access to unnecessary areas to reduce power use.Install smart thermostats to keep heat at a safe minimum.Request a utility cap in court during eviction proceedings (if allowed in your area).Bottom line: It’s less about the utility switch itself and more about proactively managing costs once the tenant overstayed.bro what?
Michael Plaks
EXPLAINED: should I trust all those "End-of-Year Tax Saving Tips"?
24 December 2024 | 6 replies
No exceptions, including for tax reasons.
Leon George
New to BP Community
12 January 2025 | 11 replies
Here are additional comments:1) Buying out of state removes any local knowledge you have from assisting in your success, including knowing areas, people and costs. - We always recommend buying your first rental locally if possible and DIY managing to learn as much as possible before investing OOS.2) Lots of crooks and incompetents in the PMC world:( They both cost you money.- As already stated, you'll have a small portfolio.
Jonathan Greene
Don't Become a Property Hoarder or a Door Counter
3 January 2025 | 40 replies
This resulted in longer times to re-rent and well as reducing the rental pool.
Fara Heath
Best way to finance this deal?
10 January 2025 | 1 reply
Secondarily, if I had a buyer for the land before I close, could I structure the purchase to include them without doing a wholesale deal?
Gabriel Peryam
Hello BiggerPockets Community!
18 January 2025 | 0 replies
I'm Gabriel Peryam, a local arborist with New Urban Forestry, where we specialize in tree care including: removals, pruning, and plant healthcare services.
Mohamad Guene
Mobile home investment.
8 January 2025 | 3 replies
Challenges include depreciation in market value (i.e., mobile homes often lose value over time unless they are situated on owned land) and tenant turnover.However, tax advantages include depreciation deductions, which allow you to offset rental income by writing off the property's value over time, and cost segregation, which accelerates certain deductions.
Paul Whitehurst
Bank is declining my HELOC - HELP!
18 January 2025 | 9 replies
Lenders often include a portion of the cash flow in the investment property as income to you personally to offset the DTI.
Henry Clark
Belize Teak Plantation
4 January 2025 | 67 replies
Had quotes for $20,000 not including materials.