Jay Blumhorst
Purchasing Existing STR That Needs Repairs
Hoping for input from experienced STR investors.. I'm closing on a property soon that is currently used as a STR. It needs many repairs and improvements to be up to the standard that I'd prefer. (Carpet, paint, furnit...
Caley Crossman
Using RRSP money for Rent to Own or Subject To ?
Is it possible to use your RRSP without penalty on a creative finance deal such as rent to own or subject to deals? I have a buyer with certain amount of cash but doesn't qualify for bank mortgage. Would be great to f...
Richard Bader
Section 8
I bought a house that needed allot of work done on it. While I was working on the house a lady approached me and said she lived next door with her grandmother and her 2 daughters and she is pregnant. She asked me if I...
Nahal Beckam
Yearly lease agreement instead of month to month
Hello, I have a prospective tenant that has been qualified to rent my house. They want to stay for two years minimum. I don't want a 2 years contract with them since I'd like to increase the rent after one year and I ...
Dave Meyers
Creative Uses for AI (ChatGPT/AI Art)
I had a thought the other day. How with the increase in AI uses, both text (ChatGPT) and Art, how soon do you think it will be till we can have AI make floorplans for permitting?
DeWitt Gibson
Fannie Mae tightens lending standards on Investment Homes
We have been discussing this at my office all day. I don't know much as this point, but here's what I know: "Fannie Mae is tightening the underwriting criteria for second homes and investment properties, the governmen...
Brendan Hula
Estimated Cost - Paving New Roads - Mobile Home Community
Hello BP Community!
We're looking at acquiring a small mobile home community (~70 pads). The roads are currently gravel and I'd like to model in some capex for paving the roads once acquired. Is anyone able to share ...
Terence Purcell
Renting from yourself
With the recent increases to standard deductions - the taxation benefits of owning your own home have been reduced.Being a landlord continues to be tax effective.I have a family member who is looking to buy for themse...
Edward Hutchinson
EV Chargers in Rentals
Hi everyone,I am brand new to the rental world and am currently saving up to buy my first rental. I know there are a million steps before this question, but has anyone installed EV chargers at their rental properties...
Timmy Chen
ADU in Baltimore
Hello BP Family!Recently purchased a foreclosure home and I realized the backyard is easily accessible with an separated old garage that will either be rebuilt or torn down. I was thinking about possibly converting it...