Hi BP,I need some direction. For a few years now I have been researching topics related to REI strategies and have decided it is time to put things into motion. I worked as a RE rental agent in NYC for almost three ye...

Do you require renters insurance, and why or why not?

My 1st property will be ready in 2 weeks - May 1st.  Its a 1910's style SFH that will rent for $650 p/m which is right at, to slightly lower than market rate.  The windows are the original wood and pretty much every o...

Hello Everyone,I'm getting ready to make an offer on my first (potential) deal in south King County, WA.  It is a fourplex that I think is currently rented out at a significant discount to market.I'd really like to ha...

It is a mess here. Most don't have power.I have a lot of LTRs that where miraculously untouched except for minor stuff.Our Lake House never lost power. We were going to stay here but someone rented it for a week that ...

I had a renter cause damage. I deducted $250 from her deposit.  (room in my house)I have statement from the plumber she caused the leak, pictures, and receipt from contractor for mold mitigation.  The leak went throug...

We own a SFH long-term rental property in Nevada that was placed into service in 2023. We have run a cost seg study on the property and qualify for 80% bonus depreciation. In 2023 we also had a major repair take place...

Hello everyone!I recently purchased a duplex and am wondering what I am able to write-off or show as a loss for the renovations and repairs that I have put into the property. I've put a couple thousand into the unit t...

Quick question --
I want to pay a friend to help me with some labor fixing up a house. I'm going to pay her by the hour. I don't want to pay payroll taxes or anything like that - I just want to give her cash for hel...

I have invested a large sum of money with a company (individual with
LLC) who has filed chapter 11 bankruptcy. I am the 1st position. I was
prepaid 1st 6 months of interest. 8 months have passed and no
additio...