Hello, I own 40 rental houses in Richmond VA and have been self managing for 25 years, they are all paid off. My son now owns a management company and manages all my properties.In the past years I have done nice 30k t...
I was originally going to outsource the interior and exterior paint, patching, and pressure washing for my 1200 SF SFH rental, but I ended up being way over budget on the rebuilding of a room and now am desperately tr...
I'm second guessing some answers my CPA gave me recently and wanted to run the following questions by others who specialize in real estate accounting. Thanks so much for your time!We purchased a house, listed it for ...
Hi,My rental property's roof is 20+ years old. Last year, a heavy rain and storm damaged it and I had to replace the entire roof which costed me $21K. I understand that a roof repairs can be deducted as expense in t...
Hello BP family,
Investment rookie here, recent computer engineering grad (just this August!) hungry to learn and grow my portfolio. I currently have around 10k saved up and a credit just shy of 800. I'm looking for ...
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...
So through my initial contact with the culture of Real Estate Investing, I wanted to find a way to get motivated sellers! Great, In a couple of months I developed a system in my market to generate Probate Leads. I ...
Investment Info:
Small multi-family (2-4 units) buy & hold investment in South Saint Paul.
Purchase price: $217,000
Cash invested: $14,000
I bought a duplex! The upper unit was recently re-done a...
The property class descriptions often include age of the property as a major factor in determining property class, can you help me understand how much this weights when applying to urban areas or small east coast town...
Hey guys, there's a house listed on my local market for $223k and described by the realtor as having 'severe water and mold damage, broken pipes, freeze damage and missing carpet/flooring/sheetrock. Seller will not ne...