Hi Everyone,I'm looking to begin house hacking. I know how it works with standard rentals, live in one unit and rent out the rest. I'm curious if the same rule applies to condominium units? For example, there is a 5-p...
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I am about to sign a lease with a tenant who is paying the whole year upfront. It is mid November and I am concerned about having 10.5 months of rental income for 2016 being on my 2015 tax return. This will raise my t...
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Hi, I am in the middle of reading the BRRRR book, and it is great. I did have some concerns. I went to my father who is the president of a community bank and presented him with the theory. He told me under very few...
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I am helping my mom to sell her property in East Wenatchee, Washington. My mom has no existing mortgage or any form of lien on this property.We accepted a seller financing offer, and are currently under the closing pr...
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Hello BP members. I am from Los Angeles, but I virtually fix and hold properties in Wisconsin. It’s been pretty slow for me so I sat down to go over some things I needed to scale my business to the next level. I reali...
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Hey guys, I'm 25 years old and starting with $50k from a very successful flip. This was also my very first flip, so I'm still inexperienced. I'm willing and able to keep flipping but I'm more interested in more passi...
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I'm Trying to get some advice from the BP community as to what's the best way to do a valuation of a small multifamily building 've been considering buying a 6 unit multi family I currently have 7 units that are all...
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Hi BP -
What formulas/methods are people using to figure out what towns to concentrate marketing efforts within? Is it a shot in the dark? Or are there some metrics I should look at that will tell me a certai...
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I have a property in a great location 3 Colleges, & new buildings/constructions being built! purchased it under 60K fully renovated 3B 1B row house. I came across the rooming house method for cash flow!! renting r...
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Hello, I am researching my options on a old bathroom that has some ceramic tile from the 1950's - installed on a lath& plaster wall with a 1" "mud wall" behind the tiles. They DO NOT want to come off. The bath ...