James M.
Security Deposit and Torn Carpet
What can I take out of a security deposit for dog-destroyed carpet that is 10-years old?Tenants moved out after 4 years. On top of the normal security deposit, my tenant paid a $400 damage deposit to have a pet. The d...
Will Barnard
Starting out at BP, Fear of Posting
Hello BP Nation!
This thread is to the active membership here on BP and for the benefit of the new members who come to our site, as well as all of us.
It has been brought to my attention from several members who are ...
Robert Steele
At what point is tenant not responsible for paint and carpet condition
I had a tenant move out after 5 years and the carpets are absolutely trashed. They were brand new when they moved in. I know the IRS assumes carpets are only good for 5 years so I am thinking I should not deduct this ...
Wesley Mitchell
Are there any BRRRR disadvantages
I was wondering what type of disadvantages or risks comes with using the BRRRR strategy? I own a home that is fully paid currently if i use that (HELOC) to pay for another which i then rehab, rent, cash out refi for a...
Melanie Johnson
Pay off all Credit Card Debt Before First REI Deal?
Hi everyone! I'm new to the forums and to REI. I haven't done my first deal yet. Actually, my husband and I nearly bought a place earlier this year. That place fell through at the last minute, but although I was hugel...
Account Closed
Now that I have a deal,I need to raise money...
I am a little discouraged because I hear over and over about how we find deals and how important it is to establish relationships with investors. My struggle is that I have gone to meet-up events, created a website, a...
Wesley W.
To catch a pot smoker
Hi all,
Okay - here's the situation: shared entrance hallway between two units, and one of the occupants is using the hallway to smoke pot. I know this because I have been in the hallway a few times in recent weeks ...
Mathew Pezon
Painful First Flip Turned Flop. Any Advice??
Dear BP Community,
It all looked so good on paper, and then when the project started things did not go according to plan...
I'm dealing with a painful first flip that I still haven't sold yet but purchased in Octob...
Chan Le
LP syndication vs buy-it-yourself multi-family IRR
I'm torn between buying a few medium-sized multi family every year or just put my extra $$$ into syndications as Limited Partner. I guess LP in syndication will surely bring lower return than buy-it-myself, but how mu...
Lloyd Segal
Economic Update (Monday, November 9, 2020)
Economic Update
(Monday, November 9, 2020)
The election is finally over. Now we can return to ...