Isaac Measures
I'm 23 with $15k extra with 7 months of open time to grind
Hey everyone, this is my first post so I'm hoping I do it correctly.As in the title I am a 23 y.o. college student (5th/last-year) and I have $15k to "play" with. I will graduate in May with no debt, a Computer Scienc...
Fedor Volkov
Lease renewal notice - inheriting tenants
Hi BP community!
I'm closing on a triplex in Avondale next week and I'm inheriting tenants in one of the units. Their lease (a standard CAR form) is ending May 31st and there are no provisions in the current lease f...
Jason Malabute
HELPING SELLERS MAKE A DECISION
People's number 1 fear is making a bad decision .People are scared of being taken advantage of. This is why people ask for "more time" to make a decision.Some apartment owners might be motivated to sell, but believe t...
Cody Barrett
Updating takes time
Hello everyone!Not a question but just a general post.. I am doing some minor renovations to my 1st property and what a learning curve. I really haven't done much but the time it takes to simply paint cabinets alone ...
Linda Thomas
Letter of non renewal question
All,
I was just wondering what everyone does when they are not renewing a tenant's lease because they have been a problematic tenant. Do you provide them with a reason why you're not renewing in the letter or do you...
Michael DiFranco
How is property depreciation/basis affected after a fire?
I am trying to sell a commercial investment property and am wondering the tax implications.Here is the example.I had a long term tenant, 40 + years. Original Value of Building in 1970 was like $500k.In 2007 there was...
Priyanka K.
Exploring New Neighborhoods for Buy and Hold
Hello fellow REIs!I am trying to explore new neighborhoods for 'Buy and Hold' and was wondering if you could help me with my research. What are the factors I should consider? I want to stick to class B neighborhoods f...
Josh Smith
Looking to finance first deal need help
Hello BP!
My name is Josh and I'm new to BP. I've been reading a lot and value the network they have here on this site. I am part of a new LLC located in Indianapolis, IN and my team and I are getting properties to l...
Tyson Scheutze
The Price of Property Management
In this week’s post, I am turning it over to Brent Voepel.I got into a conversation recently with people in the industry about the price of property management. In this discussion, we all agreed that for one property ...
Melissa Koon
No Itemized Invoice De Minimis Safe Harbor
I have a rental home and had the HVAC and water heater replaced last year. The furnace stopped working and was in need of costly repairs that would likely only prolong a replacement. Since they were already replacing ...