David B.
Contractor suddenly over budget by 40%
Hi everyone I’m in the middle of my first flip. I locked up a single family home (roughly 2600 sq feet) with 5 beds and 3 baths for $454,000.The ARV for the area tells us we can probably sell the house for 685-700k on...
Sharon H.
Should I renew the lease when tenant always pays late?
Hello BP Community,I am new to real estate and this forum. I converted my primary residence to a rental property in October 2017. The house is in Los Angeles and the lease will be due in October 2018. From November 20...
Nick Romano
LOW Cap Rate but GOOD cash flow...Should I BUY it??
Hey guys- SHOULD I BUY THIS PROPERTY?? Thanks so much for the input.I have a property that is an ideal area. Rents are going up and rental market is super hot. Currently rent is well below market. Cash flow looks pr...
Luis Ramirez
What are the red flags to look when buying a house to flip or rehab?
Hello everyone,I am a new investor and I recently have been watching a bunch of netflix shows that do home remodels, that got me thinking about what if I can look into doing that or at least try to learn a little more...
Tommy Parker
College or no?
I've been seeing this question often from those in high school, especially those interested in Real Estate. Do I go to college? I think it's situational and depends on what you want to get out of college. What are eve...
Jim K.
Anyone successfully doing long-distance BRRRRing in Pittsburgh?
Just trying to keep it real here. I know one outfit doing well near me, and I'm not sure where the money is coming from, but the tradesmen involved are just about as local as you can get. Does anyone know of a single ...
Stewart McMillan
Wait, what?! Tenants Violated Lease and Want 2x Security Deposit?
I recently had an issue with the power going out in a Chicago unit of mine. ComEd turned the power off due to non-payment(though ComEd never warned me or tenants which they are required to do by Illinois law), but I h...
Jennifer Lee
How many of you REI have a RE license?
Hi BP
Are you a REI? Do you have your Real estate license?
If NO, why?
If YES,
1. Are you an Agent or broker?
2. Where do you work? (Big/small brokerage, own your own)
3. Pros and cons?
4. How much of your Inve...
Evan Loader
K-1 state tax filing requirements
I am a limited partner in several syndications in Kentucky, Texas and Georgia. I am a Michigan resident. I receive a K-1 for all 3 for my federal taxes. Will I need to file a Georgia and Kentucky state income tax retu...
Rhiannon Then
Fair Security Deposit?
Question at the bottom if you hate long posts, lol.
So literally 30 minutes ago, my neighbor who lives across the street told me she wants to rent my home. We are moving this weekend and planned to lease through a P...