Jason Thompson
Strategies for Implimenting RUBS
Does anyone have advice on different approaches to implementing RUBS ?
Ian Hutton
First property Rent increase
Hey everyone! My dad and I are going in on our first deal, but need to play with some numbers to make it work. (In Lansing Michigan btw) This Triplex’s utilities are currently paid for by the owner (approx. $500/month...
Brandon Coble
If You're Actively Investing, What Would You Do?
As we currently sit, interest rates are moving in a favorable direction meaning more and more buyers will begin to enter the market for investment properties. With a large increase in buyers, we can expect to see pric...
Chantha Kim
Searching new rental 1 or 2 months before the current contract end.
Hi guys,I am a really newbie to real estate investment.I have a simple question relating to rental house.Here is the scenario:If my house on rent which is going to end in one/two month(s) time, Is it legally to searc...
Ladd Krestan
Attaining mortgage for LLC
Ok im going to try to make this simple. If i have an LLC with partners, when we try to get a mortgage for say a duplex will the lender look at all of our incomes? If one of them is not employed at the moment would tha...
Yannick W.
Optimum amount of mortgage
Hi all,This is my very first post on BP. I'm excited to learn as much as I can before buying my first property!I have a question regarding mortgage amounts. (Sorry if this topic was already discussed in the past, but ...
Mark Koski
Building townhouses for rent or sell them as condos
I plan to build 12 town houses. Two sets of six. I am wondering if it is worth looking into setting them up as condos with an association versus just doing long-term rentals. I have experience with long-term rentals b...
Account Closed
Single Meter Duplex-- Utility costs getting out of hand??
Hi all. Last year I purchased my first rental (BRRRR) for $115,000, and put around $30,000 into repairs. It appraised for last month at $220,000 in which I was able to do a cash-out refi and pull almost $30k back out....
Joe Doman
Replaced carpet, how to report on taxes
For new carpet installed in rental, should I report as expense or capital improvement and depreciate when preparing taxes? I've read there can be an argument for either. Of course i would like to expense it but I don'...
Jeff Peterson
Rent increase on existing tenant
I just acquired a rental with an existing tenant in one side of the duplex so after trying to offer her a new lease at current market rate and giving her gradual increases of $150/month instead of going straight to $1...