Victor B.
How does accelerated depreciation work + request for resources
One thing often mentioned on the BP podcasts is benefiting from accelerated depreciation for tax purposes (specifically, I'm talking about taking a 100% depreciation in the year of purchase). I recently reached out to...
Account Closed
Replace Front Door or Not?? Help me with a rational decision!
I have a single family house in a class C neighborhood. My tenant texted me that she was thinking about it and she would really appreciate it if we could replace the front door on the house. She said that because the ...
Dee Bearden
Renter wants modifications to lease, need advice
I'm using a standard North Carolina lease I found online and my renter wants several changes. Any advice on these? I don't have a lawyer on retainer. The first few seem potentially problematic...23. Indemnification –...
Julian Colvard
Do you always have to fix appliances?
I recently read a lease with that included this clause: "If any appliance cease to function, we may or may not repair or replace the appliance at our discretion."
Do you have this clause on your lease AND is it allow...
Inderpal Chadha
Frozen faucets
This is not Alaska but a frozen faucet in Maple Valley, Wa. All the faucets are frozen, the heat is off as of now ( no one lives at the property). The heat will be hopefully up in a day. The temperatures were in th...
Horacio Gutierrez
AC repair for tenant
Hello,If I have an window AC in California can I put a clause that says the tenant is responsible for any repairs and maintenance or by law the landlord has to fix it?
Paul DoCampo
My first deal?
Hello everyone, after about a dozen or more deal analysis I came across this deal that seems to look pretty good. I used the BP calculator as well. It would be first deal in a real estate investment:A duplex in SoCal...
Lois Ginter
Kitchen Rennovation
I have three kitchens in my properties that have kitchens that look like this. Would you replace these cabinets and counter tops, or try to repair and repaint? There is about 15 linear feet of cabinets, and I will b...
Ritch Bonisa
The worst horror stories - help us all learn what you've learned
I'm lucky, I get to talk to investors all around the world. I learn something new on a daily basis. I'm thankful for that. I also understand that we don't learn anything unless someone else learned the hard way. I...
Kevin Savelsburg
Is FlipSystem a MLM Company but Pretend to be a CRM Company?
Hi Investors,
I'm new to Real Estate Investment last year(2023). When I saw Antoine Martel from FlipSystem Posting Advertisement on social media like this:
"You only need $10K ~ $30K to invest in RealEsate doing F...