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30 January 2025 | 5 replies
The first conversation that needs to be had is with the contractor to figure out why the previous agreement is not being honored.
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31 January 2025 | 8 replies
Cash for keys is probably not effective since they don't have anywhere to go [most LL are not likely to rent to them] however, I plan to have that conversation and offer any assistance with moving.Thanks again
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29 January 2025 | 5 replies
I don't invest in FL, so I don't know local laws, but find a real estate attorney that does and have a conversation.
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28 January 2025 | 16 replies
The conversation may lead to some form of "Would you mind if I replace it?"
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23 January 2025 | 5 replies
This defers capital gains and depreciation recapture taxes on the sale of your fourplex.After converting it into your primary residence, you may qualify for the primary residence capital gains exclusion ($250K single/$500K married), but only for appreciation after the conversion; gains from the rental period remain taxable.
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12 February 2025 | 20 replies
Some of the best advice I got that I will forget was this:"SOME OF THE BEST DEALS, ARE THE ONES YOU DON'T GET"Let that sink in for a while...I remember 4117 s Michigan Ave. here in Chicago, it was an awesome 8 unit full gut condo conversation - I loved the deal and still belileve it would have been a great deal, but would have pinched me so thin I am not sure how I would have survived.
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18 February 2025 | 15 replies
Learn the area, meet other investors at meet-ups and one-on-one conversations, and once you feel more confident, you can make a purchase to live in.
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22 February 2025 | 14 replies
Adding Value to Your WarehouseTenant Quality & Lease Structure: If your current lease is below market or lacks favorable terms (like annual rent bumps, triple-net structure, or long-term commitments), renegotiating could boost value.Energy Efficiency Upgrades: LED lighting, insulation, and solar panels can make the property more appealing and cut operational costs.Loading & Access Improvements: If feasible, adding dock doors, better truck access, or high-clearance storage can make your space more attractive.Flex Space Conversion: Depending on demand, creating a small office buildout within the warehouse can appeal to tenants needing mixed-use space.Diversification ConsiderationWith 70% of your income tied to this one property, diversification could make sense, but if it’s truly hands-off and cash flowing well, you may not need to rush a sale.
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14 February 2025 | 43 replies
BP meetups for instance is mainly an excuse to have a beer and maybe happy hour type conversations.. i hosted one and went to one..
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22 January 2025 | 4 replies
I’m new to BP and looking forward to connecting and contributing to the conversation.