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Since my turnkey rental was already rehabbed, I can't just fix it up and improve the appraised value quickly. So what's the strategy for how/when to refi a turnkey rental to get some cash out of the equity? Can I tak...
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Hello everyone,I am BRAND NEW to the real estate investing arena and have a question about how I am trying to structure my first deal. I located a house in Miami that the seller bought at auction and is asking $170,0...
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Hi everyone. I'm new to real estate and I'm here to learn as much as possible to take action ASAP.
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Hello, I have read mixed answers to this both here and from other investors, and am hoping some of the more savy lenders or other knowledgable folks can give a more definitive answer. It seems clear that if you are ju...
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How often do tenants on month to month need to resign lease?
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I was notified by my tenants on the 14th of Dec. that they would not be renewing their lease (Jan. 1st). The reason they gave is that they had split up & that they are going there separate ways. They paid deposit/...
Hi BP! I'd love to get your opinion on our current situation:We bought a unique duplex three years ago in Los Angeles that is made up of a large 2400sf house with a 400sf guest house on a 7500sf lot, zoned R1.5. (Whic...
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So an experienced CPA recently told me that essentially all costs incurred prior to placing a tenant are considered to be acquisition costs and get written off only as depreciation. Is this true? I'm sure he knows wha...
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Hi kind BP folks,So I'm in the learning phase. I pretty much get through 2 podcasts a day, spend 30-60 minutes daily on BP plus even more on outside sites just getting comfortable with the world of REI, researching wh...
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Hi, this is my first time posting on the forum, hopefully someone can help me with my situation. I live in an owner occupied duplex that I purchased with an FHA loan. I live in one side, and I rent the other side out....