After an appointment has been made to get a contract signed with a seller and you begin viewing the property general rule of thumb for determining your sell price is 65-70% ARV minus repairs. What is the best practice...

Good morning BP family,                                 I have been investing in buy and hold properties for the last 2 years and currently have 4 properties but i am getting ready to transition 1 of them to a short t...

Good morning everyone!I think I have a unique situation in that I do not qualify for the de minimis safe harbor election test.  Now the cost of each of my items is below $2,500, however I don't believe I meet the othe...

Hi everyone, I closed on a property last week, listed it for rent the day of closing, and am performing some minor changes before it is rented. Based on my understanding of @Brandon Hall BARRRR stategy,  since the pro...

My PM uses Appfolio and sends P/L reports via that platform.  I have a hard time "following the money" and after discussing this with my PM company, was told that Appfolio can pretty much generate any report based on ...

I'm under contract with an out of state property, which will be a STR. This would be my 3rd house purchase, but my 1st long distance deal.The inspection came back with many items that need repair. Way more than I'd li...

My brokerage is working on a property in Pasadena CA that has a long list of code violations(see attached photos). Despite several attempts, I have been unable to get any answers from the permit center or code com...

I have a commercial retail property in NJ and thus am familiar with it here. However is there anything significantly different in Michigan? Also, the sellers agent will not give me copies of the lease until after an a...

Can anyone reply with or direct me to what I recall seeing in a webinar or podcast that basically listed the items to bring to your lender. I can't for the life of me find it, but recall being provided exactly the ite...

Realizing real money needs to be spent on an inherited 4plex.
Years of deferred maintenance.

Roof
Siding
Windows
Electrical service upgrade
Much more....

I'm thinking 30k easy, maybe 40.

I know, I know... Many var...