Mike Wilson
Mileage expense - can I expense during rehab?
I know that as a landlord manager of my properties I can deduct at a rate of $0.56/mile the cost to drive to my rentals as long as I keep good records and for certain approved activities such as collecting rent; going...
Grant R.
Thoughts on Charging Application Fees
There are several methods of screening applications at scale and avoiding the time-wasters. One of them is charging an application fee. While this can serve to filter out some non-serious applicants, it can also pre...
Wendell De Guzman
Make $1M in 12 Months (Real Life of a Real Estate Investor Year 2)
Alright BP Nation, this is the start of Year 2 of the Real Life of the Real Estate Investor thread.In the first year of the Real Life of a Real Estate Investor, without meaning to do so, it attracted and resulted in ...
Ryan Wilkerson
Continue w/BRRRR or flip
Happy Holidays, everyone. Question for the community. Currently in the finishing stages of a property I bought in September to BRRRR, but it looks like I'm going to lose a little money monthly when I do the cash-out r...
Victor S.
Bedroom HVAC options
Hi, all.Looking at rehabbing a spare bedroom I have in my primary. It currently does not have any heat/air going to it and I wouldn't be able to simply tie a pipe from my central system to it (I have a floor vent syst...
Eileen L.
Rental property Turnover/Repairs
Hello, just trying to get advice on how to go about this turnover.
I purchased an out-of-state property last Aug, and tenant just moved out this May. I have not been to the property yet, but have been told by the PM ...
Al Vo
Building your Crew for a flip
Hi guys and gals,
I was wondering how did you start building your crew for a flip?
Do you hire just 1 General Contractor?
or
Do you hire sub contractors for each job?
( i.e. one for flooring, one for drywall)
W...
Account Closed
Investor from Fort Worth, TX
Hey Guys,My name is Beau Gumbert and I have been in real estate for a year now. In the last 13 months I received my license, bought 16 rent houses, flipped two houses with 500+ sq ft additions, and scraped three 1000 ...
Mike McConnell
Separate LLC for each rental
#BrandonTurner mentioned he has a separate LLC for each of his rentals. Have you setup an LLC for your rentals, if not one for each? If so what is the benefit?
Lewis Acosta
When owning properties should rentals be placed in 1 LLC or more
When owning multiple rental properties should all properties be placed in a single LLC or multiple LLC’sUnder an anonymous holding company? What is the best way to avoid loss of properties when it comes to potential ...