Nicholas Lehman
First Fourplex need help!!
Greetings,
I am under contract to buy my first fourplex in Anchorage Alaska. In this area inventory of available multi family units is low, rents are fairly high and it appears to be a bit of a sellers market. The un...
Ellie Narie
Tax assessed value or appraisal value to calculate depreciation?
I just bought a house-hack 4plex in 2020. I don't have any other rentals. Filing taxes now, so just had a few questions.
1. When calculating depreciation, I heard you're supposed to use the assessed value based on t...
Bryan Kurtz
New Landlord, Property Management Necessary?
I made a condo purchase in 2022 and it's been owner-occupied (myself) to the present. I am relocating for a job opportunity and exploring my options for renting out my 2bd/2ba condo. My job opportunity will be in Nor...
Victor Delgado Velez
Renovation with Tenant Occupants
Hello BP Fam,I'm starting my REI journey using the house hacking method. I've already got an approval for an FHA with 203k loan. My question to you all is, how do you deal with renovations with tenants currently occup...
Kevin Lefeuvre
On VRBO, have you chosen damage protection or deposit? Why?
My thoughts:Damage Protection:Goods: The total cash paid by the guest at the time of the booking is less. Makes your property more accessible (at least on the surface).Bad: Has a cost which is not used most of the tim...
Nathan Patterson
Finally Did It; Purchased First Rental Duplex.
Well this was a long time coming, but I finally did it. In October of 2023 I was able to close on my first property. I will include numbers below. What happened after that....an immediate eviction. Luckily it wasn...
Jeff Pollock
Request for Repairs Strategy in a Seller's Market?
Hey everyone! I'm in Escrow on my first home that I plan to buy and hold onto while I improve the condition of the house while I'm living there before either renting or putting on AirBnB. Where I'm located is very muc...
Sarah Buchanan
Charge tenant to replace carpet/what qualifies as "normal wear"?
How does one determine what qualifies as "normal wear and tear" with regard to carpet? I had a tenant just move out after a 12 month lease and, while the carpets (in bedrooms) were not brand new and had a couple of s...
Peter Morgan
How much in liability insurance coverage?
Hello,I recently changed my home insurance, it was getting very expensive this year and I chose $100,000 in liability insurance for my triplex when electing. Should I get Umbrella insurance on top of it? How much doe...
Cynthia Elder
[Calc Review] Help me analyze this deal.
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