Kelly McCormack
STR/Vacation Home in NC Mountains
HI BP,My husband and I are seriously looking into purchasing a STR and vacation home in the North Carolina mountain area. We currently live about 4.5-5.5 hours away depending on where we purchase the property, so we w...
Sam Amir
Moving Thermostat Options?
Hey Everyone,So I'm currently enrolled in the school of hardknocks and learning things along the way...we recently bought a 6 unit building that has the buildings thermostat inside one of the tenants units. The previo...
James Heller
What type of agreements do you have with your contractors?
Hi everyone -- I am buying property remotely (in Denver, from San Diego) and beginning to partner with several contractors in the area. Really awesome folks I've gotten in touch with.I'm curious what type of agreement...
Henry Clark
Self Storage- Reset Unit
We just auctioned one unit off. They cleared out in an hour. Since we do Remote management and self-service, we have to "Reset" the unit.1. Sweep out.2. Put mouse bait in corners. We use the red chunk baits. The...
Eddie Pfeifer
Self-Storage vs Mobile Home Park for Absentee Owner
In your experienced opinion, which is more feasible for an out-of-state (3+ hour flight or so) owner, MHP or SS?Regarding an on-site manager, at what point does it become financially feasible to have one onboard? I re...
Brendon K.
How do people hire help legally when they're starting out? (US)
So I believe it's well known that when you're starting out in REI you should start out doing everything as a private person, not a business. For one, your appraisals use an entirely different method which can definite...
Michael Maxwell
Seeking advice with commercial purchase opportunity
“It is based on an 8% cap and 20K per unit for the 24 potential residential units upstairs.” Is that a thing, can you assign value based on units that don’t exist? It’s not like you’re getting the building with empty ...
Brad T.
Gas Pipe Contractor in Waterford, Michigan
Hi Everyone,
I am in the process of changing a wood burning fireplace into a gas fireplace in one of my rentals. Should be a fairly simple job. Does anyone have a recommendation for a contractor that can ...
Jaime Paniagua
What to do with your money while saving for a down payment?
Hey,In the process of saving money for a down payment on my first rental property. It would be nice to obtain some type of return while saving. I feel like I am missing out on opportunity cost. Parking the money in a ...
William Dalton
looking for a CPA in upstate NY
I have always done my taxes myself, but last year i started a LLC to buy my 3rd house and now I am in need of a CPA to help navigate my financials. I did not claim income on my previous 2 houses and want to keep it th...