Devin Keener
How does depreciation work if you rent the property years after buying it?
Hi,Situation: Bought condo in 2019 for $238k and made $10k of repairs over 4 years. Rented out the condo (valued at $310k) in 2023 (this year).Question: What would the total value be that I get to depreciate ove...
Michael Stockwell
Lead based paint possible. Covered by dropped ceiling.
Thank you all for your help in advance and appreciate any advice you have.Bought a property with an existing tenant. Seller disclosed no knowledge of lead based paint. Has drop ceiling installed. After looking above t...
Robert Zabel
Considering a 5 unit property, what are challenges from 4 plex?
Hi BP Team,
I'm working on purchasing my first property now. I am focusing on 2-4 unit multi-family properties, however a few 5 unit properties are showing up too. I know financing is different as it is considered...
Santana Campbell
cash flow when starting out
I'm mostly in research mode for the time being but even just playing with numbers makes it seem like what I had planned isn't going to cut it. I had origionally planned on $60000 down payment. Which is reasonably repe...
Samuel Norris III
Aligning the "Grand Slam"
Alligning the “Grand Slam”Imagine standing at bat in a baseball game, and with your ambitious thoughts all you can think about is the one perfect hit you need to win this game. With all eyes focused on you. The pitche...
Jenna Stark
New Member from College Station TX/ Huntington Beach, CA
Hi my name is Jenna Stark and I am finishing my degree in Business at Texas A&M this semester. I grew up in Huntington Beach, CA and I came to Texas to play softball at Texas A&M. My mom and I are partners i...
Eran G.
Playing cash flow and appreciation at the same time
I would like to get feedback on an idea I have of playing the cash flow and appreciation at the same time but in different markets. Here is the strategy:I am thinking of investing my existing money for cash flow in a...
Christopher Munn
Can't Understand This Deal. Expertise Welcomed.
BP Community,I recently came across a deal in Ohio for over 100 units and need some help on it. The property is 50% occupied and currently doing about 80k in NOI (Seriously Underperforming). Cap rates in the area can ...
Raphael Collazo
Retail Revolution: Is physical retail dead?
I consistently hear pundits and investors talk about the "retail apocalypse" and how physical retail is dead. Although I do agree that this sector has been hit especially hard by the ascent of Amazon and other online ...
Skyler Flintall
Failure is part of the process
So at this point I accept failure with open arms But I feel I’m not pulling the trigger because I want to fail without losing a bunch of money. So my question is how do I manage my risk, Is it only my exit strategy th...