I did it! I bought a duplex. I'm living in one unit. I'm renting the other. Now, I want to be proactive about the bookkeeping so that I don't have a nightmare at tax time. Here is what I want to know. I set up three n...

I close on Monday for my second BRRRR property.  My fist was a 3 unit building, so a bit different, this one should be easy. I am a buy and hold investor, so lots of people ask why I don't flip it.  I am investing for...

My inherited tenant is vacating. Any tips for me? Please and thank you.

What do you typically spend / budget for repairs and maintenance for a SFR in KC? This is probably the thing I am most unsure about when running deal analyses. I understand that this can vary a lot depending on the ag...

Hey BP,I'm a realtor in Northern Virginia (just outside DC), and I've been learning about turn-key rental property providers (i.e. rehabbers) in other markets where the rent-to-value ratios are around 1%. It makes sen...

I am constantly warned about tax penalties due to selling a house you flip. I created an LLC that I'm going to use to invest in and flip houses. I was under the impression that only the money taken out as a draw would...

I am a brand new real estate investor. I purchased a duplex with a current very good tenant two months ago. I have put nearly $`13,000 in electrical  rewiring of both units, painting, new ceiling fans, and a new hot w...

My grandparents are retired and own their home outright here in Hawaii. It's probably worth a little over $1.2 million , and they're considering selling it and moving to Las Vegas.
Their plan is to buy two SFHs in Ve...

I went onto my secretary of state website and looked at forming an LLC and it was $600. Is this about normal? Are there any sites you have had that you would recommend to be better or cheaper?

Hi friends,  purchased my first rental in may this year, got it rented in mid June, signed a 12 month contract with tenant, about a week ago tenant sent me an 'official' email that there is a mice/rat problem, althoug...