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Hi experts...I'm looking at a 3 unit in Chicago with a tenant that, according to the seller, refuses to leave. I looked and can see the tenant has a long history in small claims court and at least one other eviction....
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Just wanted to see if anyone had additional input or ideas for this seemingly unique situation:I recently closed on a single family tenant occupied home with long term tenants. It is not governed by rent control. T...
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I just bought a duplex and I was thinking of removing the popcorn ceiling. Is this too much of hassle? It is probably not worth messing with a tennant probably wouldnt care too much about it. Maybe however this lit...
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To the High W2 earning BP members out there, what strategies have you used to decrease your W2 taxable income? Depending on what state you earn your wages, income tax rates of 40-50% are unreasonable. Most of you like...
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I see that it is a common goal for Buy & Hold investors to own several rental properties. Wouldn't having multiple mortgages expose someone to an excessive amount of risk? Suppose there's a market crash, rental ra...
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I own a property with a weird problem. There is no odor present in the house if the windows are closed. However, if the windows in the master bathroom are opened and there is a slight breeze, there will sometimes be...
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In my area, water providers are allowed to place liens on the property if the bill is unpaid. I've had tenants skip out owing water bills. So, on the most troublesome property I've kept the bill in my name and requi...
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Hey everyone, I have a checking account I use to manage my rentals and other business expenses. I have positive cashflow on all my rentals so my balance in this checking account is accumulating but earning zero intere...
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I'm just starting to research REI and looking for suggestions on books or other resources I should consume. So far I've been watching https://www.biggerpockets.com/... and started reading "Long-Distance Real Estate In...
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I sold a rental house in 2015 for a 55K gain (after subtracting costs of sale, upgrades, etc). Depreciation recapture was painful. When I finally got a TurboTax Premier and modelled the sale, I was surprised the gain ...