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Buy a personal residence or invest first?
Hi everyone. Right now my wife and I rent our personal residence and we're wondering if we should buy a personal residence or a rental first? We're thinking the smartest choice for us is to buy a personal residence fi...
Uju Anyanwu
Need help finding a renter!!
Hello BP family. I am a newbie in REI from Dallas Texas. My goal is specifically rental property investment. I closed on my first rental property (SFH) 12/19/19. I made this deal with little or no knowledge in REI (ba...
Matt Ayoub
Sheets and Towels for STR
Any recommendations on the best website or supplier for good quality lower cost cotton sheets and towels? I am not a major bulk buyer but have to believe that there is a more economic approach than Amazon. Thanks!
Andy K
How to avoid self employment tax when flipping properties?
Hi all,A friend of mine and I are planing to partner up and fix and flip properties. We plan to put down payment together, get a hard money loan, rehab and then sell properties. I am an experienced buy-and-hold invest...
Mark Bosworth
Blinds in A Rental House
Hi All,Some friends and I are 99% through with flipping a house and putting it up for rental. When you flip a house for rental, do you put window coverings/blinds in it? If so, which ones do you choose? I'm thinkin...
Neal Collins
Keeping money in my pocket vs. paying the tax man
Is there any way to avoid paying personal income tax when flipping a house?Could you hold it for longer than 365 days and only be subject to longterm capital gains tax?Alternatively, could you fix it up and call it yo...
Jobie DeVinney-Walsh
Are we expecting too much from our property management firm?
Since we live 4 hours away from our properties, we have a property management firm.
A year ago we personally inspected the properties prior to putting them on the market for sale. We found the condition of one house...
James Edmister
Hypothetical Tenant Situation
This is one of those questions that popped in my head while I was driving home from work the other day. Here we go.Say I have a tenant that, for the first time, pays rent 1-2 days late. After reading the 'late payment...
Matthew Samson
Borderline (expensive) foundation problem
We plan to turn our current house hack into a long term rental. We just discovered a crack in the concrete slab foundation that is a borderline major problem:- It is a vertical crack about 1/8 inch wide that is at lea...
Joshua Chen
Flip rehab vs rental rehab
Do rentals need rehab the same way flips do? And if they do, is it usually the same degree of rehab?