Desmund McDaniel
Both tenants on lease past away
My tenants in my property past away in the same week, they both were on the lease ( older couple) I have since closed up the property and gave a niece access to remove items they may want. It's been 2 months and she h...
Denise Mayo-Walley
First rental taking more $ to get ready than predicted
Hello All,I am a new REI in the Houston area and I closed on my first property on June 26th. The sellers leased it back until August 8th and therefore I've had it for 2.5 weeks. My initial post giving the figures and...
Matt Meier
Wholesale Secrets for Flips and hold
Hello,I just landed my first multi-family property and one of the units is going to need some TLC. I will be looking at vinyls floors, new cabinets, countertops, windows, doors and bathroom redo. Does anyone have any ...
Jeremy Ferguson
Home Repair Estimates/Checklist
As a newbie I would be interested to see what others are using when doing a walk-through of a house for the first time. I looked in the resource section of the site and didn't see what I was looking for so I figured I...
Floyd Orr
Non itemized method for estimating repair cost
Hi guys I first heard of wholesaling real estate on 9/23/15 from a customer at my day job and set my action date to be 30 days later which happens to be my birth date. My action date is a few days away and I have lea...
Dan D.
Taxes - Lowes and Home Depot Receipts
I am getting prepared for taxes and I'm reviewing many of my expenses for a property in the last year.Do I need to categorize my home depot and Lowes expenses based on whether the item was purchased was used for a rep...
Devin E.
Returning receipts with deposit
Hello all,
I am returning a tenants deposit minus all repairs and I wanted to know if it is standard practice to send the tenant copies of receipts for all work done with the itemized statement? FYI; I'm located in C...
Bassma Mancilla
Struggling to decide what to fix on first investment property
Hi all, Context: Out of state investor (living in california, there's no way I can afford to invest here)Made an offer, got it accepted. Second time this has happened and again, paid for an inspection only to find big...
Brent H.
What to do when guests leave behind personal items
It probably happens often but this is the first time a guest left a personal item found by our cleaner.In this case it looks like some sort of charger.Question: What is the best way to handle guests' personal items if...
Francis Dayamba
Estimating Cost Repairs-DC
I am considering house hacking a multi-unit apartment or a Single Family home (with basement) in DC. When conducting tours of the perspective places, I am not sure how to estimate repairs for major items. I have heard...