This is the first time I purchased a unit that needs to be renovated before it can be rented. Before I closed, I went ahead and purchased two more. All 3 units closed last week. So now I have 3 units that need renovat...
I am in the process of renting out a SFR in a mountain town and I promised to the tenant I will supply washer and dryer. My current tenant is a single person but in the future there can be 3 people staying in the hous...
Hey 1031 experts I have a scenario question for you.
Bought an apartment building with a construction loan of $565,000. The purchase was $375,000 and the rest was used for renovations.
My cost bases in the building ...
I have a tax-related question. I acquired an additional property in October last year and incurred rehab costs in the last two months. Since it’s not my first property, I think I can deduct operating costs on Schedule...
I'm too weeks from closing on a four family house in Delaware county PA (my first property) and my attorney and my agent have conflicting schedules on closing day. I am aware some states require you have an attorney p...
Hello all, question for those of you who are purchasing multifamily properties!
What are some of the biggest fees you incur during the due diligence period?
Besides attorney fees, appraisal. I am just trying to und...
Hello all, question for those of you who are purchasing multifamily properties!
What are some of the biggest fees you incur during the due diligence period?
Besides attorney fees, appraisal. I am just trying to und...
Hi all. I need some help. I have a condo that is payed off and I want to take out a home equity loan to use as a down payment on my first investment property. The property appraiser's website says my condo's "Just/Mar...
Hi BP,How do you property managers handle renter's insurance? Do you manage the policy and charge the tenant? Do you just put in a clause for it and hope for the best after the first verification? What are my optio...
I am working with a great architect on my first new development project (who I found on Bigger Pockets). We met with the city twice for 'preliminary plan check' and are now going through the formal plan check process....