Angelo Llamas
Taxes on a new rental
30 December 2024 | 6 replies
Like Jake Baker suggested, keep good records and have a dedicated bank account for your property, properly separating personal and business expenses.
Jay Hinrichs
New laws in Oregon now define who can wholesale and what license is required
9 January 2025 | 46 replies
this is what Oregon has done starting in July to regulate the wholesaling activityhttps://www.oregon.gov/rea/newsroom/Pages/2024-OREN-J/Proper...
Bryan Christopher
Post sale - Buyer making legal threats about an appliance
11 January 2025 | 6 replies
I would have been fine working out a way to get it repaired had he come to us in any kind of civil or proper manner.
Yehuda R.
Renting My Property to Traveling Nurses. Seeking Advice.
8 January 2025 | 5 replies
Poor communicators, poor housekeeping skills, prescription med abuse, big dogs that they couldn't properly care for, damaging, etc.
Kyle Knudsen
1031 Exchange to build ADU on family owned property
7 January 2025 | 3 replies
I don't believe you would properly replace the debt in this situation.
Phillip Austin
Should I fire one of my owners?
3 January 2025 | 8 replies
It sounds like the proper expectations weren't set when you took them on.
Santosh Bhor
House Hacking and Insurance?
3 January 2025 | 2 replies
With that comes different exposures and risks that they need to properly rate for.
Anjali L.
SSN for tenant
4 January 2025 | 6 replies
Additionally, ensure that all necessary notices for filing an eviction have been posted and properly documented in your records.
Joseph Kirk
Advice on entering the fix & flip industry
5 January 2025 | 17 replies
Do my 3 associates need to create a LLC to be able to do these renovations or can any individual do them, as long as proper permits are pulled?
Leon George
New to BP Community
12 January 2025 | 11 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.