Hello, I am new to the rental world and have a question. I own a home, and have set up a lease to purchase contract with a tenant. At the inspection of the property before the contract was signed we pointed out the ...
Happy Monday, and welcome to our Question of the Week!
Today we are talking about property management. There are lots of options, so what works for you? If you haven't voted in our poll, go to the main forums page! T...
Looking for guidance for how to handle rental income on my tax return this year:
1. Rented a room in my town home to a friend from May 2021 to December 2021. I live there as well.2. Made around $3k in rental income (...
Straight to it:First method is “stacking” and it’s gradual. First you buy a duplex, and then a quad, and then an 8-plex, and so on.
Joint Venturing - It won't be easy to sign on the loan when you are starting withou...
I'm a real estate investor and builder in NY, and I'm exploring new approaches for partnering with wholesalers. I'm interested in being an exclusive buyer and getting involved in the process. My goal is simple: once w...
So I have a 4 unit that is under agreement to sell and the inspection report came back with some electrical issues that needed to be addressed. Electrical contractor quotes me $5k but noted he could do it on T&M a...
Hi all -I recently hired a bookkeeper to setup Quickbooks for me for my rental business. She entered 8 months of transactions for me and told me that for mortgage payments, she created a category of "Unallocated mort...
Hello all!
We are looking into building a new apartment complex - 200 units or so, so I am researching into every possible idea into how we can build this complex in a way that reduces ongoing operational costs, redu...
Hey BP,What happens when an appraisal is higher or lower than the purchase price?Lets say you put in an offer for a house at $200k, and it gets accepted. Once the appraisal is complete, the value is now $150k. What ex...
Right now I am in my study and research phase of Real estate investing.Really like the apartment complex property as the final goal,right now,I am thinking big for really large apartment complex (say,100+ units),it se...