Kevin Coggins
STR HOA Rules/General Questions
So I've been looking into potentially investing with the intention of a STR and have come up with a few questions1) is it basically a given that no HOA would allow that (my current doesn't)?1a) If that's not the assum...
Kyle Roberts
30 Day Minimum Only STR, Bad idea?
Hi Everyone,I am currently looking at a potential house hack in Richmond Virginia that I plan to Airbnb parts of. However, the property is in an HOA that only allows minimum 30 day short term rentals. The property i...
Mark Aiken
Indiana Rent Increase Limits?
Is there a limit for how much you can increase a tenants rent in Indiana? I purchased two properties with inherited tenants who have been paying rent well below the market rate. I will honor their current rental agr...
Herm M.
"You can only flip a property for 20% profit."
What does this apply to? Obviously flipping properties.
But what does it mean?
So if I buy a property for 500k and put no work into it... I can only sell it for 600k? According to which lender's guidelines? Which l...
Wilder Fuentes
What would you do in this situation?
Hello BP Community,
In September 2022, I have acquired a property in North Carolina, which I plan to make available as a medium term rental. This will be my first MTR. Unfortunately, it look like I need to wait 1 yea...
Jerryll Noorden
Wholesaling contracts
Hello everyone.A quick question.Today I wanted to get all my contracts in order. In the package I bought "making your first million" there are supposed to be contracts included (couldnt find them yet). I tried to find...
Luke Holmes
Using your RE business to write off a home office in your taxes.
Hello everybody. I'm a new investor and I've recently become very interested in the small tax write offs that I can begin taking advantage of to refine my strategy on taxes. One such strategy can be claiming a home of...
Greg G.
Newbie needs advice...about to close next week.
Hello BP fam...I’m about to close on a vacation rental in upstate ny. It’s 3 minutes from a ski resort (gore mtn) in the Adirondacks.It’s a total fixer upper. It was set up as a mother daughter sort of. There’s no CO ...
Edward Kanive
Personal HOA issues :((
Hello,
My wife and I wanted to plant trees in the front, similar to what has already been planted by other neighbors to create a privacy wall but we were rejected.these were blue spruces and they stated too large. Th...
Thelma Ojedis
Owner of condo vs HOA
I rented a condo directly from an owner. I knew nothing about the HOA. I told the owner my intentions of living in it part time and subleasing it part time. He agreed, we signed a lease. I fully furnished the apartmen...