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Results (469)
Edward Stephens Goal Achieved: Duplex House Hack
4 April 2020 | 32 replies

Hey BP Family,  I want to thank you all for the great advice I've received over the last few months; it's all starting to pay off.  A week ago today I closed on a duplex in Olathe, KS using an FHA loan.  Two days late...

Penny Alexander unwilling to repair
11 February 2011 | 17 replies

I am renting a farm house and its old. It has 2 - 15 light exterior doors on it. The wind come in all around the doors, which have weather stripping around them and thru each of the 15 pains of glass. The doors nee...

Michael Williams Interviewing possible commercial lenders
10 December 2022 | 5 replies

I've secured a private lender and I've just received the funds in my account to purchase a small (2-6 unit) multi family property. I would like to speak with 5 or more lenders before I purchase a property, what are di...

Tariq B. $800 Electric Bill...What Would You Do?
18 November 2021 | 41 replies

Have a fairly new tenant in. She told me she had a high bill about $800. So she had an energy audit done which was free, they told her the vents had leaks and the thermostat was wrong. So called the pro's in for this ...

Alfred Bell Entity questions...
24 June 2011 | 31 replies

I will be doing residential rehab/resells. I now have an equity partner. He puts up the capital, I do all the work, we split the profits 50/50.

I operate through my single owner S-Corp. My equity partner will operate...

Sam Leon Tenant Estoppel Letters getting more complicated?
12 November 2014 | 44 replies

In the past when I purchased properties with existing tenants all they do is to sign a simple estoppel letter basically acknowledging the lease terms, the security deposits, advanced rents etc...My attorney has alread...

Jen L. What's your avg move-out reno cost? Still cash flowing?
1 May 2017 | 74 replies

Hi investors,My first tenant moved out after 7 years and it is costing me $7-8k to fix!  What's your average move-out reno cost?  And how many years of cash flow is it wiping out?  This is my first move-out and I"m fi...

Dustin Corbett First Timer...too much too quick?
2 November 2021 | 33 replies

Good morning BF. Been looking to get in the game for a little while now and ran across a potential investment by pure luck.Was originally looking at single family residential to start out with rentals.Commercial deal ...

Account Closed I disagree with my accountant on interpretation of the de minimis
11 November 2018 | 31 replies

I dove into the IRS code today, and I think I have an airtight argument that the de minimis rule applies not only to personal property like refrigerators and computers, but also to materials and supplies used in impro...