Account Closed
MLS Flip, Mold Remediation, Flooding, and Lessons Learned
Back at the end of April my partner found a property on the MLS they thought would be a good rehab. Of course I was skeptical because the MLS tends to be pretty picked over but we checked it out because she is smart a...
Account Closed
MLS BRRR, Mold, Flooding and Lessons Learned
Back at the end of April my partner found a property on the MLS they thought would be a good rehab. Of course I was skeptical because the MLS tends to be pretty picked over but we checked it out because she is smart a...
Richard Bell
Creating a Master List of Products to use for a Rehab
Hi, long time lurker, first time poster. I own a flooring/home improvement warehouse in Dallas and we have developed a great following of real estate investors over the past couple of years. Since we deal i...
Account Closed
The rent is too damm high.
I usually price higher than the competition per SQ FT, even when their units are more attractive, and my vacancy rates are extremely low.Aside from getting less phone calls, and potentially spending more time talking ...
Jason F.
Rehabbing/House Flipping in 2022
I'm thinking about making flipping a property one of my goals this year but I would like to hear from those of you who currently rehab about your experience from the past two years and how you're pivoting.With an incr...
Bob Sacamano
Tax implications on renting Duplex to sibling who is also co-owner
Hello!
I can't seem to get a straight answer online by searching for this. My situation is:
1. W2 income puts me in 35% tax bracket.2. Purchased a duplex with sibling as co-owner that will occupy one half of duplex....
Steven Anderson
Own a plumbing snake?
How many of you own a snake to resolve your own tenant plumbing issues? Is it easy to do? Also do you use it during inspections or turnovers as a preventative maintenance item to remove excess buildup?
Thanks for t...
Michael Brattelli
Insurance policies for rental properties
I would like to hear from long time rental property investors what things you believe are important in a homeowners insurance policy? What specific item coverage on the policy should be increased or decreased to have ...
Paul True
Vacant Rental Sold Not held out for rent during sale period
So I decide to sell a rental property within a LLC. for which I am manager. It was listed for sale while occupied but then the renter moved out. Shortly after the property sells. Now I discover seemingly bizarre IRS r...
Frank Gucciardo
Always Get an Inspection
So close on our first buy and hold purchase.FannieMae Homepath Tri-plex that we got under contract for 160K. The numbers worked out really well. Not much work to be done, just a re-paint and I was going to replace a...