short sold a 3 unit in another state. Made bad decisions all around about building and managing. Now a few years have past and I'm committed to get back in and making good decisions within a community of others giving...
Hey BP! My name is Tim and I am new to this community.I am looking at getting into investing with either a focus on fix & flips to either rent or sell (depends on the property.) I've done a bit of rehab work over ...
Hi everyone! We are closing on our second rental property next week and I was looking for some advice when it comes to a Landlord Insurance Policy. The properties are on Cleveland's west side in Ohio City South of L...
Hey everyone!I am brand new to real estate investing and have been listening to these podcasts every time I get in the car. To keep it brief, I'm a young investor looking to buy my first real estate investment in the...
Hello everybody, I am looking into buying quadplex property in a vacation area that I frequent however, there is a lack of properties and an excess of land. I am thinking about building a new 4plex however, I am unsur...
Hi BP- I need some advice. I have reached out to my CPA and lender but wanted to see if anyone else has done this and if it would a long term smart decision. or if anyone can offer any insight that might help us mak...
Here is my situation:Bought a house in 2012 for 230,000 put down 20% and owe around 177,000.The area has appreciated greatly and the house is currently worth 350,000.We currently use this house as a rental property an...
After just going through my 2013 taxes and now looking ahead to 2014 I have a question about repair vs improvement in the eyes of the IRS. At what point does a repair become an improvement?
I know that if yo...
I am looking for guidance and views on a problem that has bedeviled me. The numbers can work any way, renting or selling or keeping and renting out rooms -- three options. I have spent countless hours --- my own...
Hello, I have several out-of-state residential rental properties that are managed by local property management companies. The property mgt companies make decisions on minor maintenance and repairs, but I make decisio...