I posted this in the contractors forum, but wanted to get some landlords' advice on this too. I need to talk to and hire a contractor as I'm preparing to convert my condo in Chicago into a rental. Most of the things...
I'm fairly new to real estate and have quickly learned that the IRS gives us investors a lot of breaks but it comes at a price. The last few hours have been spent wandering around in a quagmire of IRS Publications tha...
Sometimes I have trouble understanding the whole yellow letter strategy. I own a nice portfolio of " B-C " class SFR homes that we have rehabbed to rent long term. Today's mail contained 2 " postcards / yellow letters...
Hi Biggerpockets community! Happy Holidays!
I am a first time home buyer and am currently conducting inspections for the property but found that the property has a gas leak.
Question: Should I be worried that there...
Hey everyone,
We’re in a tough spot with a recent client purchase. They bought their first 5-unit property (and their first deal altogether) a few months back, and since then, all but one tenant has either been evict...
My tenant's lease will be up at the end of the summer and I'm debating if I should give them 30 day notice to sign a new lease term, extending the lease another year or two, or allow the lease to enter the month-to-mo...
Hello guys just need to get some advice as for my route to getting ready for investing in real estate. I feel like it would be a good idea to clear all my personal debt before I even begin. I'm 27 and I had a stude...
I have been getting nickeled and dimed with leaks and clogs. From a prior life in Illinois, I remember we had no problem making all plumbing issues part of the tenant's responsibility in the lease. However, I'm n...
Hey Guys - quick intro on me. Been in it since 2000, started buying and holding and junkers. Still have most of the junk I bought as a newbie. Started doing some flips on much nicer stuff and still trying to do som...
Hello to everyone in BPland. I am Rios. I am an educator in Midland TX. I work in Odessa TX. I am a co-organizer for our local REIA called West Texas Investors Club (WTI). I am doing my best to become absorbrd in ...