Scott K.
Forced appreciation examples
I'm curious to better understand some of the nuances around forced appreciation while rehabbing. Some questions include:- When is it appropriate to add an additional bedroom?- When is it appropriate to add an addition...
Sunny Pyun
How to save material cost
I'm getting my first investment property (2-family/ duplex). I've been following BP for 6 months now. I jumped in with both feet and I'm very excited. I'm based in NYC, and the property is in upstate/ Hudson Valley. T...
David Elerman
Multifamily Value-Add Rehab - Construction/Project Manager?
Hey All - I'm interested in going through with a multifamily value-add project. I've been involved for a few years now on the investing side and have worked with a few developers/owners. However, most of my experience...
Punith Shetty
Seeking advice on rental property update!
Excited to delve into real estate investing with three properties already in my portfolio! Currently prepping a new property in Arizona for the rental market and seeking advice on planned updates:
Considering upgradi...
Scott Bartlett
Baseboard Heater Depreciation Schedule?
The life expectancy of electric baseboard heaters is about 10-15 years, but according to the IRS Depreciation schedule, would electric baseboard heaters qualify as a "furnace" and have to be depreciated over 27.5 y...
Bienes Raices
Letting the tenants paint one room
Tenants want to paint one of the bedrooms pink (right now it's painted a very muted yellow/gray called "earth smoke"). I'm tempted to let them do it as a consolation prize in lieu of something else they asked to do bu...
Barbara E.
Why is Insurable Value becoming more important to lenders in regards to Appraisals?
We are having more lenders ask about insurable value regarding their appraisals. I'm curious why this trend is beginning to occur.Why are more lenders requesting insurable value?Do lenders usually pay extra for insura...
Josh Coder
College Town Rentals
Hey! I live in a college town and am looking to start in the rental business. My thought is then using an investment property and renting out the rooms to individuals (probably college students). Any tips, tricks, or ...
Colby Zeller
MIP or Mortgage Insurance Premium included with FHA and 203k Loan
Im making this post to see if I can obtain more detail from all my BP experts on MIP when financing with a FHA loan. Ive read up on it a little and it seems FHA and 203k loans require this premium that requires you to...
William Hicks
Financing First Investment Property Evansville, In
Hi I'm looking to get into real estate investing in Evansville, In this will be my first home purchase I'm looking to do a house hack I will probably use a FHA loan for financing. For my first property I would ideally...