Geraldo Coldros
Rental investment property repairs
So recently we looked at a property that was priced right and in a great location. Aesthetically the property was fantastic. The problem was that the AC unit, roof, water heater and some plumbing needed to be replaced...
Lynn Anthony
Need assistance with SFR BRRRR
Hi everyone!
Newbie here trying to take action! I am currently on the search for a single family to BRRRR. We have a realtor and a property mgt company lined up. However, we are trying to find a house that does not n...
Prabodh Kumar kandala
Life of condos
Dear Amazing Bigger Pocket colleagues,Wondering what is the life of condo's. Structurally how good they are?I did learn that condo's appreciate less, but do they resell after 40 or 50 years from their time of construc...
Ed L.
How to Write Off Maintenance expenses on my properties
I'm growing my rental portfolio and I am a little confused about how to handle my taxes.
With Maint expenses do I need to record them as they come in and then deduct from Income for my taxes?????
OR.
Can I put asi...
Jonathan G.
HVAC repair or replace?
We had one of our rental properties HVAC go out this weekend. Basically a fan motor froze up but the heat exchanger is also bad. An inspection of the other unit showed the same heat exchanger issue. Basically to get ...
Sarah Msuya
Actual Cash Value v. Functional Replacement Cost Insurance?
Hello everyone,
I am under contract on my first long term buy and hold rental. It is a 4BD/1.5BR SFH in Auburn Maine. I am paying $113,000 and will be replacing the roof on it this spring. Everything is currently fu...
Matt Greenfield
Rewiring a cigarette smoke-filled home: Demo to the studs?
Hello BP Community, The time has come for me to deal with one of my biggest real estate fears... rehabbing, and specifically rewiring, a cigarette smoke-filled home. Hopefully, at the end of this journey I will view t...
Chelsey Hamill
What info is needed to make an offer?
I am using the method from the Rich Dad Poor Dad book the ABC's of real estate investing, for figuring out offer prices. The equations are pretty simple: Income= income-vacancy. NOI=income-expenses.Cap rate = NOI / co...
Karen A.
Signs of Issues?
I know that seeing certain things in a property can indicate potential issues with the property.What types of visual signs do you look for, during your walk through of a property, that might be indicators of possible ...
Patrick Philip
How do I learn how to estimate repair cost?
I have the money to start another mass mailing campaign, but my sticking point is that I don't know how to accurately estimate repair cost. Where do I get started in learning how to do this?At this point, I'm not even...