Michael Mackney
When during a BRRRR should a contractor give me an estimate?
Good morning guys! I am from Long Island, NY, and I am looking into getting my first real estate property out of state, with a potential BRRRR. My question is if I find a property that seems enticing via pictures, age...
Scott Lester
The Depreciation Tax Benefit
I'm putting together a simple LLC to bring a partner into two 4 plex's I'm buying. I typically pay a 40% tax rate so I always include the annual depreciation amount x 40% as part of my cash return. If I'm doing an LLC...
John Burtle
What's the best way to account for repair costs?
I'm by no means ready to invest just yet. I am still doing research and saving $. In the mean time I'm trying to learn as much as I can. What is the best way to account for repair costs on a house? If I see a house fo...
Patti Connolly
Looking for a Letter Template on proper AC installation
Not all of our properties have central AC and most tenants will be starting to put out their window AC units in a few weeks when things heat up here in Pennsylvania. Once about 10 years ago our tenant did not instal...
Hernell D.
End of Year Tax Strategies
With the end of 2017 upon us and tax season quickly approaching, what general tax strategies should investors, or those looking to invest, make sure they take advantage of in order to get the greatest return and set t...
Marx Jean
How much do I need to invest in an apartment building? To start
How much do I need to start to invest in a apartment building?
Lakisha M
wholesaling Lease Options (Cooperative/Link Options) in NY
I'm just getting started with wholesaling lease options in NY specifically Queens, but have had trouble getting in touch with sellers. I've tried calling Craigslist ads but I'm only getting in touch with realtors, thi...
Ashleigh Flowers
Million dollar FSBO in my backyard!
Good morning BP! I found a million dollar FSBO on my way home from work and I want to make my first call to the owners. Im so nervous!!!! I feel like I'm on information overload and will freeze up if they actually dec...
Nicholas Bolcon
Property Management Side Gig
Hey BP community,I have a question on making sure I am doing things the right way. Myself and my investing partner currently have a duplex that we self manage. Her boss is moving out of state and approached us askin...
John M.
2nd Foreclosing Sub2 1st -- amout due on 1st???
I'm looking at buying a property at the upcoming auction. The 2nd is foreclosing and the sale is subject to the 1st mortgage. Is there any way to determine what the payoff is on the first mortgage?? I know what the...