Jay Turner
Potential deal on the table (need a nudge in the right direction)
Hello BP world I may have my first deal on the table but before I take it on I have a question as to whether or not this is a good deal. Here are the stats
$113,000 estimated ARV based on comps
$10,000 repair es...
Ivy Hailey
Repair Estimator that reflects MD's labor & material cost needed
Looking to master repair cost for Maryland area. I have an elaborate repair estimator as a excel spreadsheet that automatically calculates labor and material cost coupled as one price, however, the pricing I have do n...
Bryan Templin
Hey guys what are your thoughts on section 8?
So I'm hunting for a property yesterday and I found a property that has a tenant who is section 8 they have lived in the unit for 14 years. I see great potential for cash flow the property looks great I'm just not to...
Katy Fleming
Late fees during Covid if tenant is not in distress
I have a tenant who has paid rent late a few times, and is now refusing to pay rent, stating the reason as a small repair that needs made (won't go into details, but I always keep on top of repairs). I've forgiven th...
Andrew Thomas Vedder
Foreclosed fourplex for sale!
Hello BP members! I need help! First time buyer. Fourplex for sale in Brazoria Texas. Long story short: unsure if I should stay away or if it’s a good deal! VA foreclosed- listed at 127.5K. 2 2 bed 1 bath. 2 1 bed 1 b...
David V.
Expense or depreciate floating LVP floor
Hello,
I am wondering if there are any circumstances in which i can expense in the current year the purchase and installation of new LVP flooring that will be a floating floor? More specifically,
1. Are there any c...
Scott Anthony
Frustrated first time home buyer - Advice?
Hey all, so wanted to seek some opinions and advice from all. My family and I are first time home buyers in a super hot market. We are looking within 2 sought after school districts and we will not budge from that. ...
Caressa T.
Is there any action to take in this situation?
Hello BP,My Grandma mentioned to me yesterday that she is thinking about selling her home within the year. After talking with her, I know her home is worth less than she owes plus repairs. What would be an option for ...
Konstantin Ginzburg
Using a Virtual Assistant with Property Management
I currently own 10 units around Louisiana. 6 of the units are self managed and 4 are managed by a property management company but we actively manage the property manager. We are looking into strategies to further stre...
Zac P.
When do you need a 2nd property manager?
How many properties can a property manager manage until the company has to hire the second manager? I know every manager is different, but is there a number out there that you all feel like there needs to be another p...