The Situation: We have been renting a full furnished home as a STR for the past 3 1/2 months. It's an expensive home and that we pay a steep monthly rent for. Since move-in we've had numerous issues with the home and ...
Hello Everyone,My wife and I have been wanting to purchase STR for years, but are now ready to finally start purchasing properties in 2023. The biggest issue is that I need help purchasing my first deal from start to ...
Looking to get out of the active landlord business and exploring pure DST vs. 721 Exchange.
From my limited reading, a DST-721 Exchange seems to be a better option except it is a one-way door (no exchange back to DST...
Just got my first deal. Now we are ready to renovate. Is it customary to pay contractors anything up front? Most bids came in asking for 50% up front and 50% upon completion.
Hi, I am NY-based looking for purchase a long term/BRRR in Cleveland, and want to hear your experience with out of state investing. Are most out of state investors closing on properties without doing physical walkthro...
Fellow investors and landlords,I have decided to offer my tenants a small discount for paying their rent on time, in light of the current situation. Its not because I think it will be a huge deal, mainly to thank them...
@Brandon Turner and others often talk about making sure you have cash flow AND equity going into every buy-and-hold deal. But are there any circumstances where you'd pay full retail if the cash flow is good enough?The...
I was picking up the rent from one of my tenants tonight, and it occurred to me when they pulled up....every single one of my tenants has a considerably nicer car than me. Also almost all of my tenants (Except the one...
I love to see the success stories on BP, but it’s also important to learn from mistakes in the past – and better to learn from someone else’s mistake than your own! Without sounding negative, lets spill some of our...
Hi Folks,
Our friends at the IRS are auditing my 2009 return, mostly because of my real estate professional designation.
I have a full time job and the rentals take up all of the rest of my time and I easily spend mo...