The required security deposit/move-in fee of $2795.00 breaks down as follows:Non-refundable administrative fee of $100.00--I get kind of like the $299 dealer doc fee a car dealership charges(Isn't that a part of busin...
My wife and I know a gentleman in his 60’s that owns 30+ residential rental properties, nearly all owned free and clear. All of the properties are currently leased and cash flow nicely. We are close enough to this per...
Hi everyone
I'm a landlord from Stamford, Connecticut, and I'm seeking some advice about my two-family home. Here's a quick rundown:
Location: Situated on a nice dead-end street, just 0.7 miles from two local parks/...
Evening everyone. I was approached recently by a respected investor in my area to be a credit partner. Said investor has a home under hard money that he was going to flip but now has decided to rent until Oct an...
A lot of this may be obvious to some of the readers, but I’m going to mention it anyway.I own other property in New York and Miami and incorrectly thought that this qualified me to do a flip. Initially, I had thought...
If I purchased and placed a property in service in 2023 and I have no need for the bonus depreciation on my 2023 taxes, can I claim bonus depreciation on the property for 2024 taxes? If yes, what would I need to do?
Hi BP Community.My question is about seller/owner financing for multifamily acquisitions. I am looking at a 97 Unit property in Texas that is being offered at close to an 8% cap rate.I visited the property on Monday a...
I am currently under contract to purchase an investment condo, non-owner occupied. I live with my boyfriend and do not pay rent or utilities for the last 3 years . He owns his house and pays his own mortgage. My lend...
We are investors with about 10 years experience. We have a portfolio of 6 buildings, 30 units, down from our original 52. We have very little debt (if you include the loan + heloc on our personal residence, we're abou...
Question for all of the self storage investors out there...is it common to charge fees such as acquisition or asset mgmt fees in self storage syndication deal? I know these are common in multifamily syndications but w...