Jacob Elbaum
Shifting from MFH to SFH
Hello everyone at BP!So I was just about to get a 4 unit C/D class property in a C class area on contract, and then suddenly thought to potentially back out of the deal. A lot of work is needed and the property is ove...
John Crandell
Possibly entering a partnership, what is the usual arrangment?
I am a general contractor in the NW, been struggling to find my first rehab because of the usual problems: funding, availability, the usual stuff for first timers as myself. When I first moved in the area I met a numb...
Elliott Joyce
New to REI and ready to get to work in Austin Tx
Hello everyone! I'm not sure how long I should make this, but if I figured if I'm looking to work with other people, it would be good to clearly state what I'm after!My name is Elliott Joyce and I am making the jump t...
Eric Dubrule
Tax credit for lead abatement
In August of 2013 I paid $7,680 for lead abatement. I am eligible for $4,500 lead tax credit through the state of Massachusetts. My question is, do I still claim the 7,680 as a deductible repair expense or do I ha...
Joel Harrison
Worth it to become a contractor?
A short history of me...
I became seriously interested in REI two years ago when a co-worker was telling me about his adventures in REI. He shared this community with me, and kept telling me his stories and showing ...
Kyle Godbout
Is contractors license required for rehab?
Hi there.
I can't seem to find a good answer for this, so it's time to ask the BP community. I was wondering if a contractors license is necessary for me to rehab my own, vacant property in Omaha Nebraska? I would not...
Hyacinth Dolor
How can I squeeze more than $200k out of my rental units
How I made $200k after mortgage payments in less than 10 years on a single property and still own it but want more
I bought a 3 family unit in 2009 for $159k with only 3.5% down. $159k -$5650=$153,435+ closing cost...
Justin W.
Financing advice
I have an offer on a small rental property. It has 2 houses on it. Smaller house is 2/1 and larger is 4/2. Purchase price is $140K and current rents are $500 and $1000. My question is about financing. I have a...
Joe Partington
Need a lender for down payment for a 24 unit purchase!!!!!
Hello,I found a gentleman willing to sell his whole portfolio (10 duplexes and a four-plex.) He wants 1.8 million for it. All units are in good condition. We need to come up with a down payment of $360k. The wife a...
Annchen Knodt
Experience with brochure-like self-mailers for direct mail?
Hi BP,
I've been brainstorming ideas for low-budget and creative direct mail pieces (I have already sent 3 rounds of postcards to absentee owners, but I think it's time to change it up a bit). Since I have access to...