I'll be as clear and quick as I can:
I recently finished renovating a 5 plex and SF house in NE, then subdivided the lot to create two different properties. I then refinanced them with a local bank, success, kind of....

Holy crap!!!  I'm going through with my first deal. It's a 2/1 duplex with a carport. Got my first insurance quote!  Wowzer!!!  $1700.00+ per year!!!  AND, they are super concerned about how much experience I have wit...

I am renewing my tenant's condo lease. The security deposit carries over to the new lease. I have worded it this way:On signing this Agreement, the Tenant’s security deposit of $2,000 from the 2017 lease is carried ov...

13564 kms (8428 miles) From Auckland New Zealand to Roseville, Michigan U.S

This time last year I had never heard of the term BRRRR - buy, rehab, rent, refinance and repeat. Now I can say I’ve almost come full circ...

Hey BP!I know when analyzing deals, its critical to account for vacancy %, repairs %, CapEx to cover costs. Is there a rough estimate that anyone is aiming for? For example, if I did a remodel on a home and replaced e...

I have a rental condo on leased land that I purchased and fixed up in 2014.  Do I depreciate the full purchase price + rehab costs?  Since I don't own the land there is no way to split the purchase price between land ...

As an owner of a couple of duplexes I have benefitted from depreciation over the past 20 years. I am now looking to move into passive investing and still want the benefits of depreciation to lower my taxable income (i...

I just got my first K-1 from a multi-family syndication and want to understand it.  This is the actual K-1 with real numbers and only personally identifying elements have been removed.  I'm going to describe what I th...

Current mortgage is only $400 per month that includes taxes and insurance.Rents are $850-1000. $5000.00 down payment plus $5000.00 cosmetic repair.Approximately $27,000 is owed and about 20 years left on the loan. Ren...

I'm getting ready to move out of state for work and trying to decide between selling or renting out my house.  I'm hoping for some sage wisdom from the BiggerPockets group. The house is only two years old, so I'm hopi...