Michael Ealy
Some Say Owning a Rental House is NOT Passive - Prove/Disprove It
28 January 2020 | 39 replies
Going to Home Depot or Lowes or hardware store to buy materials for your rental6.
Wilson Lin
Please help - cash pay 4plex or just invest in syndication?
27 January 2020 | 7 replies
These line items are meant to be reserves you stash away for a rainy day, so there's no harm in over-estimating them.
Paul Smythe
Drain cameras, what am I missing? $100 vs expensive options
25 January 2020 | 2 replies
Also don't price things aginst what they cost to rent, rental stores often times change upto 80% of the product cost to rent.
Account Closed
Setting up an Official Residence "Out of State"
26 January 2020 | 2 replies
The thing you want to avoid happening is the IRS deeming you that you live in multiple places and your travel then potentially becomes non-deductible(depending if you do have a business).Items such as registering for a new state ID, paying for utilities, applying for state voting, etc help establish your new tax home.
Parag D.
Does the 2% rule work most of the times?
5 February 2020 | 16 replies
I prefer to put every line item down with almost an exact cost so I can get hard numbers and have the % returns based off of those numbers, not the other way around.If I walk into a place with brand new roof, furnace, windows, kitchens, bathrooms, with quality construction, plumbing, etc...
Ben Sears
On-Site Material Storage
25 January 2020 | 1 reply
A 8.5'x14' trailer can store a lot of tools when rigged up with shelves.
Courtney Duong
leasing to TIN (no SSN), and what is average giving in TI?
28 January 2020 | 6 replies
Do they have a cost for construction and itemized list of equipment?
AJ Smith
How to Estimate Rehab costs?
26 January 2020 | 9 replies
Here is the process I recommend for learning how to estimate rehab costs:#1 Read the Book on Estimating Rehab CostsJScott's 'The Book on Estimating Rehab Costs' is a great resource for new rehabbers to learn how to Estimate Repair Costs on 25 common rehab repairs.https://www.biggerpockets.com/store/the-complete-g...#2 Explore Lowes and Home Depot to Learn About Material PricingTake a tour through Lowes and Home Depot (or their websites) and look at finishes materials and fixtures that you will consider using in your rehab projects.
Kenneth McCuistion
Direct Mail/Online While Working Full Time
4 February 2020 | 6 replies
I'm going to go to the local UPS store to get a mailbox this week and will begin sending letters.
Michael Holmes
Cap Ex Adjustments with an HOA
27 January 2020 | 5 replies
Obviously, the best approach would be to map out all the interior CapEx items and their expected useful life.One more thing to keep in mind: exterior CapEx might be "covered" by your HOA fees, but if the HOA isn't well managed or there's a big unexpected expense, you might get his with a special assessment.