James Danchus
Need Property Managenment Referals
BP,Does anyone have any referrals for a good property management company that works with investors in the St. Charles County area? Any help would be much appreciated!
Justin Brin
What percentage is the structure worth vs land for depreciation?
What percentage is the structure worth vs land for depreciation?In California in the property tax bill you can see sometimes the land is 90% and the structure is 10% but the reality to rebuild the structure can someti...
Account Closed
What are your liability limits on your SFR insurance policies?
Hey everyone,
I'm just curious as to what amount of liability insurance coverage most people have on their SFR's?
My insurance agent wrote up a policy for $500,000 of liability coverage plus $1,000 medi...
Carmen Marron
Tax Issue for Private Lending/Investing
Hi Everyone,
I'm new to this forum so I apologize if I chose the wrong forum for this post but I hope it is correct. I have a situation with some of my clients and I am trying to determine the best way to ha...
Diana Klauman
Reo counteroffer
Hello BP! Short time reader first time poster. Facts: List REO price $88,900. Cash or conventional. Listed for 65 days (I know it's longer but listing was allowed to expire and then was relisted). Reduced $5,000...
Medriand Arnold
Closing at end of month, tenant pays on the first
Hello BP family,I closed on a duplex at the end of December. The home is fully occupied and the tenants were made aware that the home was being sold. One of the tenants has already paid for December, but the other one...
Brett Stander
Buying a home in low income areas
Hello!
My name is Brett Stander, a fourth year finance major graduating from Drexel University in Spring of 2021 (five year program).
While I understand the value of working a 9-5, W-2 job, I also see fear the dry, ...
Kevin Macdonald
Depreciation question when paid less then land value for house/land.
I am reading a book “every landlords tax deduction guide”, which was recommended to me from this site. I understand that the 27.5 year depreciation is only for the house and not the land value.
I bought a piece o...
Dom Battezzato
You cant target motivation
To all new investors, who are driving for dollars and looking for distressed-looking houses, stop wasting your time. This comes from an investor who used to walk around and door knocking on distressed houses, get yell...
Haider Abdullah
Post sale issues - electrical
BP community!We sold a home in McKinney (Texas) a few months ago. We did not get permits on electrical. The buyer had their chance to do DD and did not bring any attention to electrical. The buyer has now come back an...