Hello BP,I really need some advice. I bought my first duplex in 2020, where I rent out the larger part of the house and live in the attic apartment. The plan was to live in it for a year and buy another investment pro...
I'm doing tax planning for the next year. Looking for strategic guidance from an investments standpoint (of course I'll work with my CPA on the details)-
1. My individual taxable income in 2021 (after all deductions)...
In today's post, I want to use experience I've had in two fields that I really love: databases and real estate. Specifically, with databases I want to go over new techniques using more data and varieties of data as it...
Hi! I'm in Chicago and in the process of closing my first property where I'm inheriting tenants that haven't paid in a while. The situation: 7-unit building where the top two units are family and are both not paying r...
What is the best way to analyze if it is worth doing renovations yourself or if you should hire a contractor?If you choose to hire contractors, what’s the best way you’ve found and determined they are quality and reli...
Hello all, I am looking to invest in STRs out of state (from West Coast to East Coast). My biggest concern / worry is how to self-manage the property, considering that I am brand new and I have no experience in any so...
I bought a short sale rental house in New York a little over a month ago that had to be renovated. The gas heat was turned off last April by ConEd, the local utility company, because the previous owner had not paid t...
I have a tenant that filed a lawsuit against me. This all started because he owed me 8 months in rent due to not having a job. I let it go for 4 months before I gave him a Notice to Pay or Quit. Didn't pay so th...
Hey everyone!
I have a 12 unit value add deal under contract. This is my first step up to real multi family. I currently have duplexes and single family rentals.
About the deal:
725K purchase price
108K gross rent
...
I'm a property manager in Palm Beach County and I've grown increasingly frustrated with the costs associated with appliance repairs in recent months. This is causing me to reconsider only using used appliances in our ...