Morning BP!!!
Today I’m closing on my first duplex! Right now both units are vacant. The plan is to renovate unit one and get it rented. Once the first unit is rented, live in the second unit and renovate that one.
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Being new to Bigger Pockets I was not sure how best to distribute information such as this. However it seems these articles from the latest ConsumerReports magazine might be of interest to a large number of members.ht...
I saw a 4-plex that was priced very well for the market it was in. I asked for the pro-forma, plugged in the numbers and it failed miserably. The problem is that the rents are about 80% of what I think that market ren...
Hi all - Positive days ahead...we have already seen rates move away from the 8s back into the mid to upper 6s lately, so as long as we can keep positively trending rates for the better there will be some interesting m...
Hey everyone! I wanted to come on here and do a quick interactive post. Let's discuss the role of cost segregation in maximizing tax benefits from leasehold improvements. What challenges have you faced, and how have y...
Hey BP'rsI was asked to be the Property Manager for a Residential Property.The Landlord has asked me to oversee the repairs for the property on a Time and Material basis in preparation for rental . Afterwards we are ...
Pulling my hair out on this...I have no idea which to classify this as. Sure I can be safe and treat it as a capital expense, but I don't know if it makes sense to.We have a small rental property with a huge deck. We ...
For a few minuets i was thinking how can you keep tenants on your rental properties for a long time without having issues.
Then i though of the allstate guy that gave 100 bucks for every 6 months you didnt have an acc...
First I would like to thank all the people that sent me suggestions on how to improve the original checklist. Second, I just find it very satisfying that people want to use the tools I make and I love collaborating, w...
What's the difference between Capital Improvement and Capital Expense? Is there a difference?The way I understand cap improvement/expense is as follow:Cap Improvement = Making improvements where needed e.g renovation ...