What is the average total cost for renovating a 750 square foot one-bedroom co-op in New Rochelle, NY? I want to have the following completed.
1. All the walls fixed and painted. (The walls have minor holes where she...
I’ve been dreaming of flipping a house for the last five years or so and trolling the BP forums for the last six months. BP was a big factor in getting me comfortable enough to pull the trigger and buy my first inv...
Hello BP,
I have heard some investors mention they try to be present when the appraiser shows up at a home they have recently rehabbed and are selling, to make good with the appraiser and discuss all the impr...
As a regular w2 employee, a general rule of thumb is you will be paying 1/3 of your income into taxes. If you are full time landlord and live only off rental income profits what is a general rule of thumb on taxes y...
I am doing a lot of BRRR projects right now, and have been consistently dealing with extremely low appraisals. Low to the point of laughter when I show them to other agents. The subject property is always brand new re...
BP Im currently investing in a market where there is low income and inexpensive properties.A big development its being constructed in this area where it will produce around 1500 jobs.Right now most of the rent it's pa...
I come across and have bought several early 1900's homes which typically have plaster walls - sometimes not in great shape.
With my main focus being LTR, it doesn't raise the rent significantly by drywalling the ent...
Ok, so I am currently in the process of rehabbing a home that was purchased with cash. I have enough funds to finish the rehab. But, I JUST GOT FIRED from my day job! So, this means I will likely not qualify for a l...
We are selling one of our rental homes in order to purchase one in the same state we reside in to better manage the property. We are doing a 1031 exchange however we are having issues getting pre-qualified for a mortg...
I have a couple questions around bookkeeping and taxes for rental properties. I recently had some work done in the basement of one of my multi family properties that amounted to $4300. It was really needed because w...