Alejandro B Yoon
A/C broke, tenants want to be compensated, need advice
I currently manage my mother's property that is using a rent by the room strategy. Last week the A/C in our unit fried from a power surge and required a new thermostat and tablet piece. After back and forth with the t...
Alan Brown
recaptured depreciation is killing me! accountant help
Hi I'm pretty sure I'm an idiot, but I'm getting slapped hard for it (again!)... I always thought that depreciating your property (and getting a tax write off for it) was permanent... So, a few years ago when I had a ...
Bobby Narinov
Cash for Keys - pros and cons
OK. We all have been there. You have a bad tenant and you want to evict them fast.But the process is long and expensive. Here in CA it takes 1.5 to 3 months to evict someone and about $800+. If your rent is $500-$600/...
Mikey Cas
Foreclosure Surplus funds?
Hi everyone, I recently heard about a method some investors are using. It involves attending foreclosure auctions and identifying any properties that sell for a surplus over the mortgage, lien and junior liens. This a...
Ken P.
Unit #25 under contract
Last week we signed the purchase agreement for what will be our 25th unit over 4 1/2 years. It's nothing glamorous, but with a bit of work should exceed what we could achieve in most other investments, and hopefully ...
Cassandra Sifford
Credit Score Took a HUGE Dive
HAPPY FRIDAY BP!!! I've been a homeowner for 6+ years and had finally decided to get into REI. I'm still educating myself (been doing so for the past 2 years), but decided to a HELoC to fund the down payment and wo...
Matthew Rollo
Can I buy direct from owner prior to Florida Foreclosure Auction?
Good afternoon BP,I want to start buying from the foreclosure auctions in my county here in Florida. Lots of activity on those auctions though and typically get bid up higher then my MAO.I know how to find the owner a...
Shawn Mcenteer
does anyone have feed back meridian pacific properties
I stumbled across this Meridian Pacific properties and was wondering if anyone has done business with them and if they promise what they offer? It seems to good to be true. They guarantee a 1 year lease on your ...
Grant Boynton
Turning a 5 acre Multifamily Zoned Lot into a Cash Cow
Hey all,I am new to investing but have a big idea (for me at least). The kind of idea that gets my blood pumping and absolutely jacked. Anyway, here it is:There is a house in the middle of my town (3bd 2ba) attached t...
Robert Palladino
First Rental, Closing Friday... Need Advice concerning Coronaviru
Hello, I am about to close on my first rental property, and BAM Covid-19 comes blasting in from left field, turning everything uncertain.... I'm just looking for some advice on how some of the more experienced investo...