It becomes tougher if you're only planning to hold on for a few years, then you really have to pick your battles.Again when trying to prioritize improvements, put yourself in your tenants' (customers') position and ask what features they'd pay more for and use that as your guide.

Moneeka Sawyer's Blissful Investor podcast featured Roger Blankenship who helped in acquiring this property.

Like shiplap walls and refurbished planks (often painted white), many trendy home features are dictated—then popularized—by home improvement TV shows.

Holding a RE license will make you responsible for monthly costs (licensing fees, broker fees, MLS fees, E&O insurance) as well as periodic costs (i.e. license renewal/continuing education classes).If the main benefit would be MLS access, I'd interview a few agents (BP has a great search feature to help you find some), build a strong relationship with one and make them your go-to agent for deals and referrals.

Some of the most basic sites have great features you can use to check property values, and you can use it to research your next commercial investment.Check out the various options and search filters to discover apartments near you that stand apart from the rest.

They are closest to their existing tenants who may want to expand, but really desire newer features.

Hello CPAs I was hoping you can quickly answer this for me so I can pull the trigger on a few things or if I need to wait until January...So I I am under contract for a new construction investment property single-family home that closes late January 2021 and I already paid earnest money last month.My next step is to buy a fridge for the property for the renters and also a BiggerPockets Pro membership so i can start using the extra features of the platform.However, do i wait to do these purchases until 2021 to use as a tax deduction since my home won’t be closing until Jan 2021?

. - thank you, really appreciate the tips and encouragement.What do you recommend for landlord insurance coverage (features/limits/etc.)?

Since I never liked the idea of the automatic payment feature my bank offered, I thought pre-paying my mortgage might be the better solution and worth trying out if only to see what would happen.

The IRS will want to see proof that your property had the carpets, appliances or other features you plan on depreciating.