James Gates
The Power of the BRRRR: The Sequel (Details + Numbers + Photos)
Hey BiggerPockets!
I was absolutely blown away by the amazing responses, encouragement, and detailed questions from my first BRRRR post, so I figured I would share our journey on a recently completed BRRRR deal.
Bac...
Joe Edwards-Hoff
Wise Rental Repair/Maintenance Tricks
Hey all,
So I have been reading around lately looking for advice on what "things" to put into a rental. I don't even know how to classify what I am looking for, so it made my searches much more narrow than what I wan...
Jacob A.
First Rehab Under Contract!
Hey everyone,
I got good news today. After several offers have been rejected I finally got my first rehab under contract today! I plan to walk through with my contractor in the next day or two to get a formal bid w...
Account Closed
I disagree with my accountant on interpretation of the de minimis
I dove into the IRS code today, and I think I have an airtight argument that the de minimis rule applies not only to personal property like refrigerators and computers, but also to materials and supplies used in impro...
Jeff S.
Ductless Heat Pumps for rentals and personal residence?
Just starting to research ductless heat pumps and wanting to get BP's take on what kind is best and some feedback. The properties are for: 1) 650 sf upstairs unit in a duplex; 2) 1650 sf ranch style (one level) and 3)...
Katie Miller
Mid-term (medium-term) vs. Short-term Rental Strategy
Hello STR investors! I'm wondering how many of you invest in a tried and true short-term rental vs. a mid-term rental? If you do the mid-term thing, why? How did you first learn about it?
If you DON'T do the mid-t...
Jim Mootrey
Mold: How much to discount?
I am in the due diligence period on a short sale. The inspector found mold in multiple places in the finished basement. The house has been empty since July and the utilities were turned off. I think that is the ...
Rachel Gill
My First Flip: Before & After
Although this took way longer than expected due to contractor issues, I'm proud of the way it turned out and happy to report that it is under contract after on 3 days on the market! It's a 3BR, 2 full bath row home i...
Account Closed
Do recessed can lighting improve rental prospects?
Hey BPers.
I have my first unit and, to be honest, it's being sitting the last 9 months because of other business endeavors.
I'm circling back to it and my question is this (see picture).
There are 2 light fixtur...
George Moehlenhoff
Rehab Complete... no showings, now what?
So here we go. My rehab is complete, had it on the market for about 3 weeks, and no showings. We have 1 open house with 7 or so couples coming through.
So here's the question, what do I do to increase traffic, be...