McKellar Newsom
"Pitch Your Deals and Financing Room" at the Summit
I'd like to know more about the "Pitch Your Deals & Financing Room" at the Summit. Is there a specific day and time allotted for using this room? How will the room be set up? What exactly will happen there?
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Juan Abraham
House Paintings gone. Can I charge the deposit?
Hello everyone! I recently rented an unfurnished house for a couple of years and left a couple of paintings hanging in the wall. After the renters returned the house I found out that they had thrown the paintings...
Paul Winka
Property in service, and how to deduct repair costs now?
I just bought a house in my name that I intend to rent out. I paid $46K for it and closed on 14 Nov. It needs around $35K in repairs, and those repairs are ongoing now and should be finished by 25 Dec. I would like to...
Jonathan Bombaci
0% cashflow for 3-4 years
I am working on a deal. 12 units in 2 buildings in northern NH for $380k with $60k coming back to me at closing, net price of $320k. I structured it that way to reduce my cash outlay to less than $25k. The property gr...
LuAnn Vigen
keeping track of the basis of a rental
I just purchased my 5th rental and I am in need of some advise on how to set up books and track the basis of this house. I past attempts have not been without problems. What categories do you use? Once the house is re...
Cody Bradley
Can't Get Any financing
Hey Everyone, I currently have a duplex which I owner occupy half, I've had it for about a year and it covers the payment and about $50 extra. I have a SFH that I bought with a 401k loan so technically there is no lie...
Drew Markert
Should I get a separate credit card for house hack?
Hey BP,I recently purchased my first duplex to use as a house hack. I have separate bank accounts set up for the property but was wondering if I should get a credit card as well? There is about $10-15k of rehab work...
Eric Lopez
Estimating Operating Expenses
To my BP family,When I am running my pro forma on a potential investment property, I always get stuck on whether or not my expense numbers are correct. I can accurately estimate utility costs as most util companies ha...
Yong Lai
My First BRR deal!
I just got my first BRRR deal accepted in North Richland Hills! Excited but also nervous about the rehab work needs to be done. It has a basement in Texas! I was worried about the flooding as it happened last August. ...
Tim Porsche
What Would Ben Carson's 15% Flat Tax Mean for Landlords?
Hey all, bit of a hypothetical question here, but would you be worried if Carson's 15% flat tax would be adopted at some point? He said there would be no deductions...which would obviously have a huge negative impact ...