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I am doing my taxes myself via turbo tax and I must say I am underwhelmed with the tax breaks I am getting for owning a rental. My wife and I have strong W2 earnings at about 250k combined and it doesn’t appear that a...
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Hi Everyone!I am originally from Erie, PA. For those of you who are not familiar with the area, the winters are pretty harsh. Extremely cold weather and LOTS of snow. I am considering what to do for my first investmen...
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Hey everyone! I am writing a regular column for BiggerPockets Wealth Magazine on “Biggest Mistakes/Lessons Learned” in real estate. I am currently looking for TENANT "mistake" stories, in particular inherited tenants ...
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We have a tenant occupied property in Detroit that is coming up on the end of the lease with the current tenant. The elderly tenant has been struggling health wise the last year and has been struggling to make her ren...
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One funny thing about people is that while we are almost always well intentioned, we seem to do a lot of things that are just plain crazy. I, for example, still prefer to eat my oranges by dissecting each into their i...
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Intentionally triggering headline for this community, I know.
But, hear me out.
The policies that are so obviously destructive in many blue states (rent control, NIMBYsm for zoning, high taxes, regulations, fees) ...
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Just thought I’d write a few words as a counterpoint to the trending post.I own and self-manage 5 properties. I have had rent collection issues but never had to evict anyone, nor have I lost even a month’s rent. But...
Originally posted by "TimWieneke":I wish one of these REI guru's would just ________I don't know.....invest in property?
There's one thing JT does that I like. You give him the name of a town in an area where he's s...
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@Bill Labrecque and I recently purchased a 3-family in New Britain, Connecticut as a flip project. Since we are expecting the rehab to be pretty be expansive we figured it would be good for a BP deal diary which we ha...
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SUPER bummed. Maybe I went with the wrong brand?Rather than carpet, I went with 4mm luxury vinyl planks for 2 of my units. I figured they’ll last longer (cheaper over time), and they’re very durable (so I’m tenant p...