Il-Hyung Cho
Late security deposit charge?
Is there such thing as late security deposit fee?
Normally landlords would collect deposit before handing in keys, but it was Saturday when we arrived and they allowed me to move in.
Well, the apt was very dirty and ...
Mohan Deep
Tenant moved out, filed for bankruptcy
My tenant moved out but left a lot of damage to the property. After they moved out, they texted me saying that they filed for Chapter 13 bankruptcy and that I should contact their lawyer. They gave me the lawyer's pho...
Natalie Schanne
Tax Accounting for Joint Venture on a Flip - Paying His Invoices?
@Brandon Hall @Natalie Kolodij @Linda Weygant CPA <3 What's the best way to account for business expense deductions during a joint venture flip? I have read websites like http://www.double-entry-bookkeepin...
Sampson S.
Tenant requesting improvements
So - have a tenant that moved in, and during her walk through, asked for a couple of improvements. I've been down this road before - so I rolled my eyes. But then she snapped me back to reality, and said that she ...
Calvin Lin
First insurance claim on my rental - what did I do wrong?
So I had a insurance claim on one of my rentals for the first time since I started purchasing rental properties 5 years ago. There was a water leak and it damaged some dry walls, carpets and closets. My property man...
Minka Sha
Property in Housing and Dangerous Buildings
I recently became in contract with a 4-plex property and during my due diligence I figured out that the building has been with Housing and Dangerous Buildings department of Sacramento since 2012. So no city inspector ...
Ralph Chiaia
Do you buy your contractor materials and tools?
I’m in the middle of a rehab and the contractor is doing a pretty good job. I’m buying the materials but the contractor is doing some of the shopping. I’m finding a lot of little things like sponges, buckets, and kniv...
Matt Meier
Wholesale Secrets for Flips and hold
Hello,I just landed my first multi-family property and one of the units is going to need some TLC. I will be looking at vinyls floors, new cabinets, countertops, windows, doors and bathroom redo. Does anyone have any ...
Christopher Castiglia
Elizabeth, NJ Analysis
Hello BP Community,I am a first time poster, and excited to start connecting with some other investors!Currently, I am analyzing small multifamily properties in Elizabeth, NJ (particularly northern Elizabeth where the...
Craig Willard
Bad Accounting
I found a stash of duplexes that I have become interested in potentially purchasing. The numbers look solid at 13% Cap Rate. The 2% rule is at 1.5 and COC return is close to 30% (20% down). After feeling good ab...