Larry Flanagan
Tenant suggesting lawsuit
I have a new tenant complaining about steps at a property. From my property manager:"A few weeks back she sent photos and measurements of the front and back steps to the house. She’s correct in that they need to ra...
Devin Cook
Renting house from property owner
Hello, I just thought I'd ask this question and see if there was any way I could go about this. I currently rent a 3 bed house for $1,200. The rent went up this year, it was previously $1,050. It's my girlfriend and I...
Harry Brooklyn
Include or exclude Cap rate and DSCR in NOI?
Hi,
I am budgeting for the basics for my NOI (and taxes, insurance too):
1. Repairs2. vacancy rates3. CapEx4. Property manager
All of these factor into my CoC returns, but actually should they be factored into th...
Jen Menchaca
Are Turn-Key Companies Worth It?
Hey All,
I am still in the learning phase of investing and just heard about companies selling turn-key properties to out-of-state investors that already cash flow. This seems like such a great deal, but then why w...
Nicholas Lilly
Texas Closing Checklist for Every New Homeowner
Whether you are purchasing your first home or the next real estate deal, closings can be a nerve racking process. There are a lot of factors that come into play in order to successfully close on a property. We have cr...
Taylor Green
How to qualify my wife as a RE professional for tax reasons?
Hi,I was wondering how and if my wife could qualify as an RE professional for tax purposes? I would love to be able to write-off some of my W-2 income.She is a stay at home mom with our 1 year old son, and uses her fr...
Michael Stutelberg
Governor halt on evictions
Have you reached out to tenants now that the governor has called for a halt on evictions? Have your tenants started reaching out to you that they cannot pay from covid? What resources are you sending to tenants for re...
Jake Thompson
Sell and Reinvest or Hold Long Term?
Hi all, question about what to do with current property. I’ve got a duplex that cash flows about $1,000/mo. I could potentially sell it and walk away with about $40k in cash after realtor fees, taxes, and paying off l...
Tyco Bronye
I sure wish I could sell my house to a wholesaler!
Sorry if this offends anyone. Also thanks for everyone who has responded to my other questions. This message board is awesome! True learning takes place here at BP forums with real people in real situations.
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Anthony Petrarca
Listing, showing and renting vacant units amidst COVID-19
How are you handling vacant units during this mess? I have one vacancy which I've held off on and another coming up at month's end.Are you showing them, is it legal?