Eric Boshart
Innovation in the Hard Money Lending Space
Hi BP Community,I got my start in RE investing by providing a loan to an experienced flipper. Since then, I became the borrower, using many different hard money lenders on BRRRR's in the area. Lately, I've considered ...
Max T.
Am I the mean landlord?
First situation: Apartment was advertised at $1400 for a 2 bed/1 bath house. Prospective tenants had 2 pets and we agreed to increase rent to $1430 (15/pet). Lease was written up with the 2 pets allowed and the rent s...
Nicholas Daniels
Goal Retire at 26 (or at least have the option)
Hello BiggerPockets! My name is Nicholas, I'm from Michigan and am currently a junior in college. I've set a goal of having the option to retire at 26 years old (or just before I turn 27). I would like to have $6,000/...
Charles Terrizzi
Business model ideas
I am torn in how to start (not to be confused with analysis paralysis, well maybe a little) Input is welcome on these lines of thought:1. Should I seek the nicer areas of town to buy single family rentals and keep the...
Michael S.
How to compete with cash buyers?
Hi BP,Man, I have a competative market! A property in my area was listed last night at 6:00PM. I first saw the listing at 8:00 and email the listing agent because I figured it was too late to call. In the email I said...
Michael Breedlove
Inhereting Tenants & Lease Non-Renewal
Hello BP! My wife and I will be closing on our very first property next week. It's a 4 plex in the New Orleans (Metairie/Old Jefferson) area that we will be Owner Occupying. Currently all 4 units are rented. 2 are on ...
Mark H. Porter
Stepped-up basis going away
Good morning, regardless of what happens today, there’s a HUGE bill due from covid.1031’s, capital gains, and now the stepped-up basis could go away. Rather than people thinking I’m coercive, please just google “step...
Brendan M.
What are the tax implications of paying myself to property manage?
I just bought my first multifamily property and I have been thinking about how to maximize my tax benefits on it. If i can write off property management fees as an expense, can I pay myself (either as a sole proprieto...
Bruce P.
Good basic toolset/toolbox for househacking
Hi, my friend recently acquired their first SFH for house hacking. They are starting to need basic tools (e.g., they want to mount a security camera but the instructions call for a 15/64" drill bit to drill some holes...
Sandy Bars
Gas Water Heater Pilot Light - thermocoupler?
Pilot goes out AFTER it heats the water. That is, I can start the pilot light, and it will stay on (even all night - as i left it in pilot mode), but once the gas turns on and heats the water for awhile (not sure ho...