Jonah Richard
Anyone else using cap rates to get purchase price?
Any other Newark investors using cap rates to back into a purchase price when making offers on small multi-families (2-4 units)? I closed on a duplex in northern Ironbound earlier this spring at a cap rate of 7.5% (in...
Daniel Mendez
Estimating ARV without a RE Agent
Good morning BP members,How do I go about finding out a rough estimate on an ARV for a home without having to contact an agent and have him/her run comps?Any websites that you guys depend on when analyzing a deal?Than...
Brigitte Garrett
IRS classification of Maintenance costs
Hi All,Under the current tax laws is interior painting considered maintenance vs repairs?What about roof maintenance (replacing a few shingles)?I would like to have document references to support classifying these two...
Robert C.
Room rental - common area furnishings & appliances in lease?
Hi,looking to rent out a room in my home, and would like to know if I should list the shared common area furniture & appliances in the lease agreement? The rented room itself is not furnished, but other areas of t...
Austin Hughes
How to Monetize Your Dead Leads!
Like-minded people are great. Was talking to a fellow BP'er & software developer, Ron Keene (can't @ him), but https://www.biggerpockets.com/users/scoremax that's his profile...And as he was helping me with some t...
Karen K.
DIY and Hard Money
Do Hard Money lenders typically loan to you when you plan to do most of the repairs yourself? Anything requiring a license would be done by a professional, but my husband would like to do as much as he can himself.
Dan VanDusen
Abandon Property After Move-out (AZ)
I have a tenant who's lease expired at the end of May. We didn't see eye-to-eye on a few things towards the end so we both agreed to end the lease in writing earlier than the required 60 days notice (It was a month-to...
Tim Emery
Full Buyers Inspection on a Flip?
What items would you like to see inspected when doing a Flip? Do you need a full buyers inspection?
Eli Kallison
Gut check my quick & dirty rehab cost estimation?
Hi BP,
I am considering buying my first BRRR property with significant rehab costs associated with it. I tried to estimate costs without getting bids (through a combination of local website prices to average costs in...
Craig Poskus
What to do when you fail the de minimis safe harbor election test
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...