Lincoln Waite
Paying utilities on a Multi-Family and it's eating all of my cash flow. (Iowa)
New investor here. My first property was a multi-family in Iowa. I got it for dirt cheap, and now I see why. The former owner (LLC) was rather lacking on upkeep of the units. And now after a year, the utilities are ea...
Gaurav Bahal
Appraisal is Less than Contract: To Buy or Not to Buy? HELP!
Hello BP! My wife and I are contemplating our first investment property, a triplex in FL. It's fully rented, projected conservatively calculated returns are 10% cash on cash, 1.3% price-to-rent, 7% cap rate. Appraisal...
Todd G.
Your Input on Creative Financing References
I've enjoyed my views from the back row, but have decided to lose my 'Forum Post Virginity' this afternoon.
I'd like to start by giving myself away with CREATIVE FINANCING
While that may sound sugges...
Account Closed
Do nicer finishes decrease turn over rate?
Hi Everyone. I wanted to see what your experience has been with spending a little more on rehab and has that helped to reduce your tenant turnover? Maybe improving kitchen cabinets, countertops and replacing vanities....
Terry Landon
Do PM agents show units before a tenant has moved out?
I own a lot of multi units with high turnover. My current PM company takes the first months rent for commission on new tenants. But the agent is also refusing to show the property while it's still occupied when a ten...
Ouman You
Is there a solution for this?
;Hi guys,A house that we owned for over 40 years (original price 80k) now is worth 3.5m....we wanna sell and buy in a neighborhood close by.... But we found out that we will get taxed 32% capital gains on the sale. Th...
Gwen Fyfe
What would you do in this awkward landlording situation?
I rented out one of my properties a couple months ago. I vaguely remember that I thought there was central air in this one because I had glanced at the thermostat and it had a "cool" option (yeah, they all start to bl...
Jonathan Santiago
Tax Question: Capital Gains or Ordinary Income?
I just watched a video online of someone explaining why he would never flip a house. He basically said the reason is because if you flip a house it is considered ordinary income tax + self-employment tax which ends up...
Kevin Jorgensen
The big mortgage argument
I'm curious to hear opinions on this article. When I first read it it seemed very persuasive, but runs counter to RDPD I believe.
http://www.edelmanfinancial.com/education-center/articles/1/11-great-reasons-to-carry-...
Scott Long
Newbie- verge of analysis paralysis for Rochester NY Multifamily
Hello all,My buddy introduced me to the Bigger Pockets podcasts about a year ago. I am not one to put myself out there without all the facts so I have held back from posting and communicating on BP, despite every podc...