Hi, I have short term rental properties renting by the week. I take a 50% refundable deposit at reservation time, then the balance 30 days before arrival. I take deposits up to a year before arrival. For tax purpo...

Buying a duplex that already has one lease and one month to month on it. Rent is way below market. How do I go about taking over the leases, acquiring the security deposits that were made, and possibly raising rents a...

I am a rehabber who tries to stay in the first time home buyers price range around 99,000 to 145,000 sell price. I came across a property I could not resist. It is a 3000 sqft house on a canal that leads out to an ope...

Just closed on my first Flip property yesterday afternoon and quite excited to get going. Previously i have only dealt with buy and holds. I decided to go the @Brandon Turner route and partner with an expert flipper f...

Hi everyone, my wife and I are considering downsizing.  We think we're in a good financial position in general and on our current primary residence (PR) so we were analyzing renting.  When I put all the numbers into a...

I typically buy houses worth 110-140K for 65-80K (cash) and then spend 8-15K on rehab before renting the out for 1150-1250/month. When I cash out refi. I end up have to pay $4k in closing costs on a 80-90K loan. Is th...

Hello Everyone

For buying 4 units and under (quads – triplex and duplex), I need a formula to show me whether a deal is a good deal or not

Is there a way to easily use Quickbooks to track expenses for a specific rehab project (flip) against an initial budget?Let's say at the beginning of a new rehab project I have estimated amounts for the labor costs, m...

Hey BP, I'd like to start off by saying thank you to all of the active duty and retired military investors on BP. I greatly appreciate your service and admire your commitment to ensuring our safety and way of life. I'...

Hello everyone! I'm going to close on an apartment complex(s) tentatively on the 31st of this month. Considering rents are due on the 1st of the month, is there foreseeable problems by closing on the last day of the m...