Evan Smith
People with 5+ houses how do you save for expenses and repairs?
I Ill have 6 houses by the end of this summer which range from triplexes to quads. Overall ill have roughly 20 units. Im curious how people in my situation save for expenses. I used to save per house and just keep it ...
Keenan Smith
What to do when a houses repair is more than its value.
Hello all!I sent out mailers and got a serious response. This gentleman had called and said that he is selling his rental homes for 20k and they are about two hours away, so off I go! One of the homes is sincerely v...
Moises Acosta III
Problem tenant in my first home that I turned in to a rental.
Hello all, I have been renting my first property for about 5 months now to a section 8 tenant.
This property was my personal home for about 5 years and I decided to rent out and test the landlord setting out.
The h...
Michael Dunn
How do you pay for Repairs..... With a Portfolio Loan ?
Hi B.P. Community,I have recently been on a Portfolio Loan fix , in trying to research and learn all that I can about these type of Loans.This morning though, I remembered that I left out a few Important questions Her...
Joseph Donan
House hacking in Western Washington
Hello all!
I'm new to the bigger pockets forum so if this has already been posted please let me know!I'm currently house hacking a rental in Thurston County (3bd 3 bath with 2 roommates and my fiancee) but I'm looki...
Mark Rustin
What am I looking for when I see a property?!
Hello all!I've been doing research and saving money for months now, and a chance encounter with a Real Estate agent lit a fire under me. I now have an MLS search set up and a loan broker. My prequal is done, and I'm a...
Phillip Trujillo
First two contracts, first two failures....
After my mailing I had a plethora of leads and turned those leads into 2 contracts with sellers.
I'm 23 days into both of those contracts (3 days past my inspection period) and neither property has sold. I've...
Daniel Philpot
College Student Looking to Buy First House
Hello Bigger Pockets Community. I am a sophomore in college at Evangel University in Springfield Missouri. I am a finance major and I have a passion to get into real estate. Recently, I have become inspired to purchas...
Jose Chavira
I found a house in a good area in serious need of repair.
Investment Info:
Single-family residence fix & flip investment in Dodge City.
Purchase price: $72,000
Cash invested: $25,000
Sale price: $155,000
Single family home in serious need of repair....
Randy King
Are repair costs expensed or added to basis when selling a rental house?
We are in the process getting a house ready to sell that has been rented. Are expenses such as painting and misc other items expensed for that year or are they added to the properties tax basis when sold?