Ryan K.
Contractor price - lump sum or breakdown?
Curious to know how everyone is receiving contractor scope of work and pricing for rehab projects, do your contractors provide a scope of work with a lump sum total, or do they break down the items? For example, say y...
DG H.
Old Texas Landlord law?
A few years ago if a tenant owed you rent or damaged your property you could enter the premises and “hold” certain items. It’s an old law I believe but was still could be used. It’s so old you couldn’t take their goat...
Scott Savard
What construction materials are you using for buy & hold rentals?
Hi BP Community,I’m in the process of two rehabs. The first is a two family complete gut and replace and the second is a single family home the requires a less extensive rehab but still some major items. I’m curious t...
Clayton P.
Full-gut 6-unit building - How should I finance it...
This would be a new kind of buy for me, which gets me real pumped up. (It's actually a property that I've eyed for a couple years, just daydreaming, & reached out to the owner llc during that time but never heard ...
Marcel Bryar
Air Filter Replacement
I'm renting out a condo and a prospective tenant asked me if I would supply the air filters for the unit's HVAC system. I hadn't thought about that before and it sounds like a reasonable request since I'm expecting t...
Mike Lynch
Confused about 1099's and Taxes
I do not have a house flipping business. My wife and I bought a home and are rehabbing it using our own saved money. We had all intentions of living in it, but due to rehab costs and other new decisions, we are now go...
Kelly G.
CA legal: abandoned property notice not delivered . . yet
Greetings;My tenants moved out early and left some property behind. Per CA law, I have to send them an abandoned property notice and wait 18 days before I can dispose of it. Well, I sent them this notice with a list...
Chris K.
STR horror stories??
Any horror STR stories anyone would like to share before I begin my journey??Anyone have STR not leave the property ? I would think that one difference between STR and long term is not needing to file eviction of rent...
Peter Lee
Will people move to another storage facility if theirs is closed?
Curious to what people think here. Imagine if you had a self storage facility that was going to be demolished for future development, what % of the tenants you think would try and find a new facility to move to? Let...
Andrew Peters
50% Rule...help!
I am looking for clarification on the 50% rule. Right now I am looking at a 4-plex, the seller is asking 125,000 and the rents currently generate 1700 per month. According to the 50% rule, I split the 1700 in half, ...