Leo A.
Rehab Questions (First Short Sale)
Greetings BP Community,This is my first possible shortsale and any input or advise is greatly appreciated due to items found during inspection. The property will be buy and hold. The initial rehab estimate I created i...
Joshua Mitchell
Where do you buy appliances?
Hello, I just bought a duplex that needs updated appliances such as fridge, gas stove, and microwave. I would like to upgrade them to stainless steel and wanted to know where you shop for these items? It’s easy to go ...
Kimberly Fisher
Did we mess up?!? House hack ownership transfer issues
My son just closed on his 1st property - a duplex with tenant in one unit and he’s going to house hack the other unit.We have 3 concerns:1. The tenant’s security deposit hasn’t been transferred to him yet, in fact, no...
Jessica Petriello
Looking For Contractors MA
Hello Everyone,I will be purchasing a home in Waltham, MA, and hope to be closing mid February. I am seeking recommendations for assistance with the following items: 1.) Flooring 2.) HVAC 3.) Lock Smith 4.) General Co...
Horacio Gutierrez
Selling a note to another buyer
Hello,Say I do some seller finance where I carry a note for $100000 for 30 years at 5%. I decide to sell the note in 10 years will as a seller need to sell the note at a discount and can loose money or even if a selle...
Gary Sweeney
low bid on bank owned asking price
I am looking to purchase a bank owned property here in NJ. It's ARV is $325-340k, the bank was asking $234,000 originally and is now $199,990 (reduced 35k after septic failed). it needs 120-140k in necessary renovatio...
Jon Mason
Refi on home with a personal loan
I have a potentially stupid question, but here goes. We purchased a property as a rental for $120K. $85K is a conventional mortgage and the other $35K is a loan from a family member. We're almost done rehabbing the pr...
Justin Bullock
The Truth About Rehab Projects & Budgets
“The Truth About Rehab Projects & Budgets”By Justin M. Bullock, Real Estate Developer & InvestorWhere there are numerous components to real estate investing, one of the most common struggles (with both new and...
Cheryl Daniels
Prospective Tenants
Good day! My rental has officially been available for two months. It took two months to update the bath and kitchen. This is my first home and rental. I reside on the first floor and have inherited one tenant. So I'...
Marc Dube
tax deductions for purchase & repair
Im looking at buying a SFR home as an investment. If I buy a home that needs significant repair, what can I deduct and is there a limit?