Michael Plaks
Refinanced interest - is it tax-deductible?
This post is meant for my accounting colleagues - an invitation to debate, basically.Let's consider scenarios.1. (clear) You buy a rental with a $100k loan. Two years later, you refi into a new $100k loan with better ...
Alan Brymer
Why My Heirs Don't Deserve a Dime
I'd like t get everyone's thoughts on handing over one’s wealth to their children and grandchildren after passing away. The practice has infuriated me for as long as I can remember—mostly because:
1) I am not o...
N.A N.A
Leave equity in or pull it out?
On deals where you plan to rent, lease option, seller finance, or hold for any amount of time, which do you guys normally do? Obviously both have their advantages...but what strategy do you prefer?
Jessica Wood
Can’t enter rental unit - active water leak
Our NIGHTMARE TENANT has been given a 7 day notice to vacate. There is an active water leak coming from her apartment for the second time. We told her we’d be bringing plumbers by this morning. She ADDED A LOCK to the...
Max T.
Damage caused by all-star tenant
Top floor tenant in an up/down duplex clogs kitchen drain. 200 to clear the drain and 700 to repair the ceiling of the unit below. Tenant has been there 6ish years. Lived through many repairs/upgrades. Roof replacemen...
Jack Perfett
What Should I be Doing With My Money?
My name us Jack Perfett and I am a 20 year old college student that lives in Pittsburgh. I currently have no expenses, (college and housing is paid for) and am interning this summer and making decent money. I figured ...
Karen Margrave
FANTASY DEALS
As a developer/builder there's always ideas swirling in my head about "fantasy projects" I'd like to do someday. One that is just outside our grasp right now, and I'm sure all of you have some too.
If you c...
Brandon Hartman
Hello from a new investor Columbus, OH
Fellow BP’ers –I figured it was long overdue that I make an introduction here and establish myself as part of this great community. As for the formalities, my name is Brandon Hartman, I am 29 years old and I live in ...
Steven Maduro
Is the lazy landlord getting too lazy???
Hi everyone It's time for another addition to the Lazy Landlord series. I am currently doing three simultaneous renovations. It probably would have been better to do one at a time . But three simultaneous vacancies...
Mitch Vogatsky
Cutting back on retirement savings
I have focused on saving for my retirement through my 401k for my first few years of work after college. I managed to save up $100k to invest and have decided that I will no longer contribute more than my employer mat...