Account Closed
Bought a home. Found out infested with termites. PLESE HELP
I bought a home around April and got inspections on the home for wood destroying pests.
It is now June and I am fully moved into this property and started noticing a very very small hole with sheet rock flowing out....
Jonathan H.
First (potential) deal, and finding a trustworthy out-of-state appraiser
Hello guys,
Ive been looking at this property out of state for a couple of weeks now. Numbers may work but it depends on financing.
8 units.
425 each unit low vacancy for the past 5 years.
179K
Factored in taxes, mn...
Neil Whitney
Insurance Requirements on Rentals
I have recently started talking with a CPA about my rental properties and he brought up a point that i had never heard of or considered in the past.
First let me start that I purchase the properties in my name and th...
Michael Glaser
Business Trips: Spending Airline Miles or Charging
I'm going to be taking some business trips to Kansas City soon. I'm using my SWA miles and it occurred me the other day I might be "doing it wrong". I have both a personal and business SWA card. If I'm able to write o...
Joseph Fischer
Vacation/Rental property house hunting expenses deductible?
Hi everyone, happy new year. Fiancé and I are heading up to Vermont for 2 nights to look at some potential investment property. Not sure if we would treat it as a "rental" or a "vacation home" or "business", but we wo...
Michael J. Beasley
Out of State Investing - Purchasing Sight Unseen??
Hello, People of BP!I want to know how those of you who are out of state investors do it. Do you actually travel/drive/fly to do a walkthrough on the property before you make an offer? I feel like that lapse in time c...
Patric Chiasson
Interested in Buying a Duplex 4 hours away
Hi all,
I'm looking to purchase my first property (a rental property at that). I was going to wait 9 more months until the new fiscal year, as I'll have a higher salary, and I'll have more money saved up which would ...
Jack B.
Tap rental portfolio equity and reinvest?
I can get a total of 200K out of my rentals right now. With cash on hand I'd have about 300K to invest when the opportunity arises. This would finally put the equity in my King County, WA area houses to good use. Thin...
Kristina Jensen
Tax deduction when using Reward Points for travel
I have out of state properties that I visit 1-2x per year to either have a meeting with the Property Manager or conduct a walk-through if there is no property manager.
If I use reward points for the flight/hotel/re...
Shamar Gregg
Sold my first 4 unit bought for 11K!
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Chicago.
Purchase price: $410,000
Sale price: $590,000
Identified with strong potential for appreciation over a short time...