James Edwards
Buying House with a Lease Oregon
Curious as to if anyone had ever purchased a house with a tenant lease in place?Do you have to accept all the terms as presented or can you modify or remove the tenant if wanted? Thanks
Charles Bradford
Can't evict during pandemic? There may be a window for you!
Managing rental properties has certainly had it's challenges during COVID-19. While evictions are still frozen in many areas of the country, income is down while ongoing maintenance costs continue. To top it off, ci...
Parker T.
Insure Rental at Replacement Cost
All,
I'm putting a bid on a foreclosure today at 30k. The insurance company quoted the replacement cost at 160k and with everything else factored in a quote of $94/m. This seems extremely high and doesn't fit...
James Maher
Depreciation basis
I bought a house in 2011 and lived in it prior to moving out at the end of 2014. February of 2015 I began renting the house. I am trying to determine my cost basis for depreciation. I know that it will be the lesse...
Sara Pritchard
Choosing a broker for new RE agent
Hello,
I just obtained my RE license and was looking for insight/experiences with a couple brokerage firms. I’m in the southwest FL area so if anyone nearby can share their experiences that would be helpful.
I’m loo...
Joshua Nudell
A topic that came up in a local REIA event I attended: Distressed mortgages
Good evening all!I was attending a local REI club meeting here in New York City and an interesting topic came up regarding distressed mortgages. I wanted to see if anyone on BP has had experience with these types of ...
Chad Duval
Do I HAVE to have the same pet policy for all units in my amplex?
In my 9 unit complex, I recently rehabbed a unit with new carpets and then filled it with a new tenant. A month later, they're asking if they can get a cat. It strictly states in their lease that no pets are allowed h...
Zoe Long
Have not claimed depreciation for 6 years- how do I start?
How can I go from not claiming allowable depreciation on a rental
property to claiming allowable depreciation without creating an
unauthorized change to my accounting method.
I have owned the property since 2003.
I...
Patrick Karbon
Should Note Holders Be Scared Of 'Walk-Away's?"
Hello All!
I don't know if this is a Market-Place question but I had a fellow investor express his concerns about selling his homes on Land Contract so I'd like to pose the question here, using our terms: Does our m...
Aviv Berkovitch
60k-80k rental properties - maintenance after 10-15 years
Hey, I would be happy to hear the opinion of investors who invest properties of $60k-$80k. In all the books, podcasts, articles I have read / heard.. there is some assumption of 5% rule of the annual rent that should ...