Mark Manship
Hold out for Sale or Transition to Renting
I'll try to keep this as specific as possible as to prevent the "...it depends" responses. I understand this is a lengthy post, but it is all in the interest of garnering the most pointed advice.BLUF: Wife and I own a...
Sabrina Speights
Working with Tenant to Pay Rent
Hi all, I have a tenant who is really great. She just got notice that she's getting laid off from her job in December. She's not sure how the job search will go and might not be able to pay her rent in January. Does a...
Daria B.
LVP over concrete and wood subfloor - underlayment needed
I posted this in another forum area and want to see if it will get some traction here.https://www.biggerpockets.com/forums/67/topics/678...Looking for information on underlayment for flooring that will go over concret...
Account Closed
Taxing a flip as a rental by leasing the unit prior to sell?
At what point is it determined, in the eyes of the IRS, how to tax a flip? For example, if we buy a property with or without the intent of renting it out, and after rehab we place a tenant in the unit, can we sell it ...
Bill Zepeda
Rent-Increase Letter Suggestions...
Hi All-I'm about to conduct my first rent increase and I'm looking for suggestions on how to create a letter that is polite, yet accomplishes the task. The tenants are good people but I want to stay reasonably close ...
Justin Thind
Inner-City Investing: What am I missing?
Hey everyone! I am about to close on my first single-family rental property soon, just two months after first dipping my toe into real estate research. It's in a regular B-grade type of area, and projects to have dece...
Maya Torres
Landlord refuses to do work!
I property manage (unlicensed) a duplex for a friend who was stationed overseas. I manage my own duplex so I have some experience. Anyways. He refuses to do any repairs in one of the units whose tenant is complaining ...
Neil Patrick
What state to buy my first investment property to cash flow?
Hi Everyone - I'm new to BP and new to REI. I live in Southern California, as the market is super inflated. I am looking to make my first real estate investment as I have enough cash to either buy a cheap place in a...
Daniel Robbins
Should I refinance my rental property?
Hi, I'm new here and new to real estate investing so please bear with me. :)
I currently am renting out my first house that I bought 10 yrs ago for the same amount that the mortgage payment is each month. My interest...
Mehran K.
$55k Duplex Deal Analysis
Hi all,
The last analysis I posted turned out not to be that hot of a deal. This one seems a lot better. Any help would be appreciated!
Here goes:
Duplex
Purchase Price $55,000
Rents: $1,075 ($550 and $525) Each a...