Nicholas Jasmine
when did you feel comfortable purchasing your second rental property?
I have been able to bank about 3,000$ off my first rental so far. I was wondering when did most people feel comfortable purchasing another rental? Me, myself I'm thinking @10,000 is where I'm going to feel the mo...
RJ K.
Heavy Truck/SUV first year full bonus tax deduction
I am a landlord with 26 units. I've sold a few of my properties and now will have a larger income. I am thinking about buying an SUV over 6,000 gvwr in hopes of lowering my taxable income using the first year bonus.
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Chris Stromdahl
What are closing costs?
I know this may sound like a crazy question, but I would like it clarified.What are closing costs?What expenses are including in the closing costs?Any general rule of thumb/guideline for estimating closing costs?Thank...
Carlo Michelotti
Need so much help analyzing cash purchase of 2 or more properties
Buyer (me) has a sh!#load of cash burning a hole in my pocket, enough cash for 4 or 5 of these cheap houses. Seller (a landlord) wants to sell multiple houses/two-flats and 1031 exchange them for bigger & better t...
Kenny McCarty
What to do with excess cash?
So I have a good problem...I am running 2 short-term rentals and they are producing a large amount of excess cash which is currently sitting in a business savings account doing nothing.I have mortgages on both propert...
Account Closed
What is an reasonable price to pay an handyman
From time to time I need the services of a skilled handyman/carpenter to work on a house for a day or so. Is there a going rate for this kind of job? Having let guys bid by the job in the past has not worked that well...
Carla Carvalho
How to Structure a Fix and Flip Deal with a Partner
My property manager (on a luxury vacation rental that I own) was approached by his landlord today and offered to buy a home that he owns for well below market. The landlord is retiring and is off-loading property. We ...
Peter Morgan
Can a prospective tenant fake his application with false docs?
Hello,I received an application from Zillow rental manager today. The applicant looks solid in terms of monthly income from job and credit score for my Class A rental. However his previous residence seem like Class C ...
Shane H.
Roll call 4 BP members who are legit Assisted Living owner/ops???
Hello,I have seen the assisted living topic thrown around a lot on this forum since I've joined up and have to give much credit to having found and participated in this forum to becoming an owner of a licensed 41 bed ...
Anant Radadia
Buying new primary residence, What to with current paid off home?
I have SFH in Jacksonville FL. Paid off that home around 2017. With new home purchase, what would be best strategy to go? If i sell this home it would be around 480k. I already have down payment for new home so i real...