hey guys, I have two properties in Indianapolis. both were purchased 2 years ago for around 65K each, and both were bad choices (without being too self-critical...it was in the very beginning) In one of them, I now need to invest 20K to replace the roof, install a fence, and another major CapEx in order to bring it back to the market and find tenants. for the second one, the bid I received was 8K. it's important to mention that these bids have been prepared by my property manager so I believe they are a bit over-price.

A lot has to do with the person I work with just being excellent at their job as well.

First, you would narrow your choices down to the type of contractor, like General Contractor, and then you would focus on a specialty.Examples of general contractor specialties include design-build contractors, remodeling contractors, commercial contractors, or new home builders.

This gives the tenant a choice and usually the tenant will choose to take care of it themselves.

I receive monthly payments from a personal injury settlement, but because this does not count as income, I don’t believe I can get approved for a regular home loan program even though I have an excellent credit score and some cash for a down payment.

He is excellent at finding subcontractors to get the work done and managing the subcontractors.

@Kyle Woodruff, you should also get Brian's book, The Hands-Off Investor, An Insider's Guide to Investing in Passive Real Estate Syndications, which, although aimed at passive investors, has a ton of excellent information for all of us. 

Thanks to excellent personal credit guarantees, I’ve been extended 2 lines of business credit cards.

Hey all,I have been doing some learning about tax implications for owning rental properties and I had a question.Its my understanding that you can carry over net operating losses from year to year basically indefinitely until you sell one day and can write them off of your capital gains.I also understand that if you purchase an asset for your rental, say a refrigerator, you have the choice to either deduct the full amount for that tax year, or depreciate the refrigerator over a certain amount of years and take the deduction divided up between those years.My question is why would it ever be advantageous to depreciate an asset rather than simply deduct it for the current year, even if you are already operating at a loss, if those losses will just carry over indefinitely?

When I say this I mean that if you are restricted by capital that keeps you. below the 100k mark then you really don't have much of a choice, however if you have more liquidity that is possible to use then you could go int it with the goal to find something under the 100k mark and still be open to higher priced deals that may have other upside like appreciation and overall area development that increases the price of the home over time- (capitalizing on gains that may not be received by buying in An area that is lower entry but provides great CoC return/ cashflow only as opposed to larger appreciation in addition to okay cash flow.)