Eli M.
Management Company fees
Dear BP family, A quick question here. What types of agreements do you have with your management companies ?Does the management company collects the rent at the beginning of the month and gives you your portion minus ...
Ryan Lee
Public Record bedroom number is different than the advertised bedroom number
Public Record bedroom number is different than the advertised bedroom number.For instance, Public record and tax assessor says 4, while advertised bedroom number on MLS/listing is 5.The listing agent insists that the ...
Michael Fowler
"Dream House" Main residence with a bonus rental
Investment Info:
Small multi-family (2-4 units) other investment.
Purchase price: $480,000
Cash invested: $100,000
This is our main residence with a small rental over the garage
What made y...
Delmas Edwards
Just a general question.
Hey, my house I purchased is a liability and I want to change it into an asset what are some options? Equity I have little to none.
Tim Greenfield
Cleveland Basement leakage_1938 Cape Cod
So I have a 19303/1 in Cleveland which has a basement with water issues which has been my nemesis for the past 2 years. Anyway- last year had to dig up the sewer line in basement as there was a cracked line. Made the ...
Ian Lord
Will adding a bathroom increase rental income?
Hello all,I just purchased a house in Roanoke, VA as my primary residence for the next four years. It is a 3 bed, 1.5 bath and I plan on renting it out after I move. It appears I could add a wall and add a bathroom to...
Kavin Kuykendall
Small Multifamily on Septic
Hey BP,
We are looking at house hacking a large triplex in Panama City Fl that is currently on septic. Here are the details:
~4600SqFt
7 bed/ 6 bath
Built in 1957
The tank is raised and requires a lift station wh...
Jalen Leichman
Concrete or Asphalt Driveway for Rental Property?
Debating on whether to go with a Concrete or Asphalt driveway for my rental property.Concrete would look better and might add greater value to the property, but Asphalt would cost less and would still add value.The pr...
Juan Alcorta
Closing Costs: Miscellaneous Expense or Cost Basis?
Hi everyone, I recently closed on my first rental property and I'm curious about how to track closing costs correctly. Do they apply as "miscellaneous" expense (which I can deduct when I file the taxes of the current ...
Samuel J Gonzales IV
Adding Value To A Property
Just curious on what else can add value to a property. Other than the obvious of renovating the kitchen, bathroom, ect. What else can add value to a property? Would adding security cameras add value?Thanks