Hi BP, newbie here reaching out for some seasoned advice,
TL;DR, The numbers: Rehab finances fell through on house-hacked multifamily and previous 10 year tenant has left the unit needing tons of TLC. Unit is vacant ...
Investment Info:
Single-family residence buy & hold investment in Tacoma.
Purchase price: $490,000
Cash invested: $30,000
This was my second house hack and first property in Wa state. This fit my...
Oh boy, I am confused:I was looking at a P&L statement of a 40+ unit MFH and noticed that seller did not include significant renovation costs to update units each year in the expense section. Those expenses were l...
I have a rental property in a different state. How do you treat maintenance/upgrade work done between tenants? My tenant of 5 years has just vacated and there is much work involved such as:1- Replacing carpets2- Paint...
Hello All,I am a new REI in the Houston area and I closed on my first property on June 26th. The sellers leased it back until August 8th and therefore I've had it for 2.5 weeks. My initial post giving the figures and...
I'm interested in hearing how some of you are using quickbooks to manage rental properties. What's the best way to set it up?
Thanks,
What is something that makes the top of the list for you of the worst thing that a contractor has done to a home improvement or home flip that you've experienced? When I bought my first home, it was for personal use. ...
Hello BP community! So, I'll apologize now for the long post. Since I keep hearing the theme of the "Why" being important to success, I wanted to openly share where I'm coming from. I joined the site a few months back...
For those who have bought a hot tub to upgrade their STR, what brand do you recommend and how much do you spend? Also if there are any necessary accessories I should be aware of, or general maintenance/upkeep tips, le...
The idea of investing in my area of the SFV seems attractive for a number of reasons. Since I live in the area, I can check on properties in person on a moments notice, house hack if needed, be eligible for "primary r...