Kim Handelman
How do newbie wholesalers accurately assess rehab costs?
Hey guys,I have a lead on a property to wholesale (I'm brand new to wholesaling) I think I can get it at 70% of ARV but am worried that the work needed -- I don't know if it's ever been remodeled and has some water st...
Daniel A.
Let Me Unclog Your Toilet
When I hear someone who says real estate is not for them because they don't want to have to unclog a toilet, I inwardly laugh. Sometimes outwardly. You see these people who wake up at 6am and work until 4 or 5, talk a...
Rainier Guiang
Can someone please evaluate this GFE?
Cash-out Refi for Florida Condo
$225k, 4.75% - 30 year fixed
Part A
Origination fee: $950 , no points
Part B
Appraisal $635
Credit Report $22
HOA Certification: $150
...
Cody Dastrup
Single-wide trailer doing good money on Airbnb
Background: I paid $370k for a 4bdr 2 ba in April of 2021 and got THE last short-term rental permit in the city. My mortgage is 1,700 per month and YOY I just did 54k (May 21' to May 22') in total revenue. My home is ...
Joe Edwards-Hoff
Writing Off Improvements- Safe Harbor
I just read this article here and I wanted to confirm the info-https://www.nolo.com/legal-encyclopedia/small-taxp...So, it sounds like I am able to write off some of my improvement expenses, as long as it is less that...
Jessica Ferraro
Self employed, meet IRS def of real estate professional too. How to take losses?
I'm self employed, but last year my duplexes took priority and earned me the distinction of meeting the IRS definition of a real estate professional. I'd like to take advantage, but I can't see how to do so. I have lo...
Akhilesh Rao
Handicap Ramp in a rental duplex
I have a section 8 tenant who has requested a handicap ramp and other adjustment which is going to cost approximately $10,000 according to the property management. The tenant is currently on a month to month and has r...
Zach Barber
Flooring Recomendations for Rental
What do you guys normally do for flooring in your rentals? I know carpet seems to be the cheaper option, but I was hoping to put something in that is water proof and durable so I won’t have to change it after each mes...
Adam Warchal
Firearms Lease Clause Example
Hoping to get help with finding a good, solid firearms clause to a lease. Have a tenant that’s about to begin a lease who has two handguns (works in law enforcement). Without starting from scratch, I’d love to see if ...
Andrew Thomas Vedder
Tax deductions for real estate
Hi BP,I’m struggling to calculate the potential tax benefits for owning a real estate investment property. My research has shown that the following are the greatest available rental investment property tax write offs:...