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Hello, I am new to the board need some advice. I purchased a dozen rental properties over the past 3 years during the times of easy money.
Once of my purchased was a double that I paid cash for. $29k purchase price....
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I was reading about and researching this over and over again, books, IRS pubs, here, elsewhere. I cannot get a conclusive answer even in forums with seasoned CPAs debating this topic.
That much is clear:
- If you hav...
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Hey everyone, fairly new here. I have read more or less every real estate book I can get my hands on here in the last 3 months or so. A friend of mine and I are beginning to seriously consider buying real estate in...
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I've only been in business a short while, but own three rentals. One I had to turn over already due to the quality of tenants, and it just happens to be the house with the most door locks I've ever seen on a 1200 s.f...
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Top floor tenant in an up/down duplex clogs kitchen drain. 200 to clear the drain and 700 to repair the ceiling of the unit below. Tenant has been there 6ish years. Lived through many repairs/upgrades. Roof replacemen...
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Hi BP community,I have a rental in Los Angeles, CA near USC. The renters, all young college students, rented a 5 bedroom back house. 2 short weeks into a 12 month agreement, they decide to move out. The previous rente...
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Two months ago, I completed a REFI to lower my rate and increase cashflow. Within two weeks of closing, my lender sold the note to a large lender based in Florida which I’d never heard of. I was shocked to read ABYSM...
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I've had an awful experience with my property manager in Ohio. 5 empty door out of six. Awful communication, etc. Never owning their shortcoming for blatant mistakes. 3 recent evictions...one property vandalized ...
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3 bedroom house with 5 kids. Went for an inspection, smoke alarms were off including the bedroom ones. Tenant says it because when she cooks all the smoke alarms 🚨 in the house 🏡 go off.Of course I want her to put the...
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It's been close to two years that my wife and I have been officially referring to ourselves as "real estate investors". Its been amazing how many people we've met and doors have opened by talking openly with others...