Michael Bertsch
Fireplace
Hello BP community! I just bought my first rental property (SFR) and it has a fireplace. Should I allow tenants to use it? Or, is it too much of a liability?
Herve Francois
Tenant background check after Multifamily repositioning
BP family - need thoughts!...
I’m looking to purchase a fourplex that is currently 100% occupied with tenants that have been paying rent $600-$800 below current market rents. The units are in decent, livable conditio...
Justin Garrett
Military capital gains
Hello all thanks in advance for the assistance!
So I am putting my rentals on the market at the end of the month that I purchased for 230. The list price will be around 410. Just some other important information I h...
Frank VanAusdal
Valuing a cash deal then refi versus an upfront financed one
Hi all:Longtime lurker; first time posterThis will be my first deal! I am assessing a deal for a 2 unit building. A commercial space on the bottom and residential on top. I am confident of improvement costs and my eve...
Christopher Winkler
Realtor Using A Non-TREC Contract In Texas For My Investments
Once I get my license, can I use a Non-TREC purchase contract to buy investment property for me as an investor with my Realtor hat off?
Grant Shipman
Resources to understand Contract to Buy & Closing Documents
Thanks for reading! I'm looking for specific educational resources on step by step completing an offer (Colorado Contract to Buy Residential). I'd like to know how to do this with transactions using owner financing. ...
Xiaoyu Liang
Bottleneck on Property Management, Seeking Suggestions
I want to share my experience in purchasing this investment property. It is quite a journey, and I feel like I've been dealing with a lot. I want to see if anybody had a similar experience or how would you deal with i...
Jay Y.
Property manager charging tenants a lease renewal fee
Hello all,So I found out my property manager is charging my tenants a $200 lease renewal fee for renewing a year long lease. They are charging me $150 which I'm fine with but it did kind of catch me off guard that th...
Stephen Lynch
Bought in 2021, rehab in 2022. Tax handling?
Hello,I purchased a duplex in November of 2021, we've made some small repairs but it was mostly about getting the tenants out so we could start the rehab (scheduled for January). For 2021, I know it would be pretty ea...
Mary lou L.
How do lenders see income from rentals?
Is it worth to take deductions if it does not change your tax liability?
Let's say my only income is 8000 for a home for the year. I get my standard deduction and end up not owing any taxes.
Is it over kill if I k...