Matt Bob
Playing with the idea of RE Accounting
I have done tax prep for 7 years and the rentals are always a low value, high input tax return. The client thinks bringing in a wad of receipts is legit and you're stuck categorizing everything in excel while thinking...
Account Closed
How Do I Handle This: poorly insulated unit and rude tenants
Hello Everyone,This is going to be a little lengthy....I'm a new landlord, and these are my first tenants. They live in an apartment above my garage. The lower half is not insulated, and the HVAC system is old but fun...
Darren Harper
First Attempt At Wholesaling
Hey fam. This is my first post. I’m a complete newb. I am interested in getting my first wholesaling deal. There is a depressed neighborhood in my back yard (Newark, NJ) that has tons of homes with potential but are d...
Ken P.
Reflections on the first year as a MF owner
We’ve just passed the one year ownership mark, so I wanted to use this milestone occasion to update the BP community on our progress with the 18-unit package of condos that we purchased from a retiring landlord.First,...
Kenneth LaVoie
Determining offer price for sfh
I have just started looking for single family houses to buy and rent in the central maine (waterville, winslow) area. My plan (abbreviated) is to find plain but nice homes in decent areas, (not "high end" areas, just ...
Dan Rudolph
Requested: A story about a RE Crowdfunded debt deal gone bad
I have invested in over 40 RE debt deals on various crowdfunding platforms. The oldest is about 8 months old. Every one of them is happily chunking along paying 10%+.I am currently in the too-good-to-be-true phase. ...
Alyssa Baron
What is a Cap Rate and why is it so important?
HI BP Community!Can you help demistify Cap Rates? What is a Cap Rate? What does it tell me about the property? Why is it so important? I've read how to calculate Cap Rates, but I just don't get it...yet.Thanks in adva...
Nghi Le
Deducting Personal Interest
If I have personal loans from family and friends (to invest in real estate), can I deduct the interest I pay to them? I recently learned that there are some interest expenses that you can't deduct, and was wondering ...
Christine I.
Would like input on this eviction in California
Deadbeat tenant who lived with his mother. The mother passed due to Covid and that was the last rent that I saw for that unit. He did apply for the California Covid rental relief and I did get money to bring him up to...
Roy Gottesdiener
Looking for advice how to deploy 300k
My partner and I started investing in SFH doing mainly BRRRR exactly 3 years ago. We starred with 160k and right now we're liquidating our portfolio and should have a bit over 300k to work with.Our end goal is to have...