Jordan Mandel
Yay or Nay? - accepting 12 months of rent up front?
Story: Applicant just sold their home and needs a place to live quickly. Offering to pay 12 months rent up front. Inventory in my market is limited so I believe the offer to pay up front is to ensure a strong applicat...
Danielle Davenport
SB6 And Adaptive Reuse - Getting Top Dollar for your Asset
ADAPTIVE REUSEWhat is there to know?Urban centers, suburban regions, and rural areas grapple with a significant deficiency in affordable housing. Simultaneously, the repercussions of the COVID-19 pandemic, coupled wit...
Sergio Altomare
New Rent Regulation Law in NY
In case you are or are considering investing in rental housing in NY...On June 14, New York State passed A. 8281 and S. 6458, also known as the “Housing Stability and Tenant Protection Act of 2019.” The package was si...
Brian Nordman
Use of First Time Homebuyers Grant
I'm looking into doing a deal and I've been made aware of the First Time Home Owners grant to be used on the down payment and closing costs. I'm currently single at the moment but will likely be getting married within...
Alik Levin
Broken electric fireplace replacement - repair or improvement?
Dear all!,Does electric fireplace replacement count for repair or improvement?The real question is can I deduct the expense at once or must I depreciate it from tax perspective?Thank you-Alik
Andre Freitas
BRRR Strategy Doubt - Financial Instrument
Hello EveryoneIn using the BRRR strategy, when you refinance, what is the financial instrument that you use ?I ask that because a Mortgage is limited to 10 applications per lifetime, right ?So when you go to the bank,...
Andrew Barlow
Can partners get a conventional loan?
Is there any way for two people (or two families) to invest in a rental property and get conventional financing?
Jacob Haskins
Vetting Applicants with Pets
Good morning, BP Community. I have been reading the forums about allowing tenants with pets. It seems the community is about a 50/50 split between allowing pets in rentals or not. I was originally leaning towards a...
Michael Plaks
PPP rules for partnerships reversed on April 14
Today, 4/14/2020, the SBA issued their 3rd "Interim Final Rule" (what a name!) in 2 weeks, reversing the method of applying for PPP loans/grants for partnership.https://home.treasury.gov/system/files/136/Interim-Final...
Donald Wacenske
Screening tenants in new york state with new landlord tenant laws
My son and I are in the process of buying our first single family rental property in upstate New York. Can anyone give any recommendations on a good tenant screening service we could use, or should we just do it ourse...