Devang Vora
bathroom leak affecting condo below
I'm new to REI, Bought my first condo a few months ago and is rented out. Few weeks ago, a leak was detected in the condo bathroom underneath my condo (I bought the condo 2 months ago and is rented out). The cause of ...
Chris F.
Bringing in a small stake partner who wants to live in a unit
Three partners. One is interested in putting up 5% of the deal (equity required) and is willing to pay the "rent" on the unit she would live in.
In theory she would be entitled to 5% of the cash flow, but how does it...
Christian Flanders
Tax implications for cash-out refi of an investment property
Hello!I am planning to do a cash out-refinance from my investment property to fund the down payment on a primary residence. Will the interest I pay on the refi be tax deductible since it is being used to purchase a pr...
Mandy Ellett
Help a newbie analyze a potential property?
Hello to all out there in the BP community! I'm a very new investor and am wondering if I could get some help analyzing a potential property - I've been using an excel spreadsheet I found here on BP, but being new, I'...
Levi Cartwright
18 years old looking to buy first property
Hey everyone, I am 18 years old and moving out of my parent's house and up to Washington(I live in Nevada). I want to get started investing as soon as possible which will be my first residence as well (househack). I d...
Ross Slane
Long time roommates in house that I own, should I have a lease?
I currently own my home and share it with three roommates who pay me rent. They are all long time friends and like family to me. One roommate has lived with me for 6 years, the other for 4 years, and the third is my b...
Dave Versch
Tax advantages?
Hi. I am just getting started as a real estate investor. I am about to close on a single family property which I'm paying 39K for. There's a Section 8 tenant who pays $675 per month. I'm using my HELOC on my resid...
Winston Benjamin
Newbie with small cash but bad credit..
Hello to Everyone, I am in the Northeast and would like to hopefully buy a rental property anywhere profitable under 90,000. Yet my credit score is not strong.. I have enough for a down payment and other ...
Greg Murphy
Determining Price on Multi Unit Property in CT
Hi, I’m looking for feedback on a deal I’m working on. 7 units ( all 1 bedroom) in CT. Generates $4500 per month. Tenants pay utilities ( all electric). Property in good shape. Asking price is $320,000. My offer of $2...
Michael Koch
via the BRRRR, are rehab costs an expense but refi just a loan?
After my first year of doing a couple BRRRRs, I'm trying to wrap my head around the money we pull out via refi. Is it accurate to say that the money put into the rehab considered an expense (i.e. painting, new fixture...