Annette Schneider
Water company mishandling of payments
When we purchased our two properties, the water, sewer and garbage were billed by the local municipal government. A larger water/sewer authority took over these accounts and its been very problematic. It takes over t...
Clay Smith
Student Rental Large Project Failure
The Grove, a REI company who "affiliated" with the University of Louisville was in the news today of to a bad start. However, they offer community living with all utilities paid at 650 per month. Do your comps and r...
Sharad M.
Somethings I have learned in last few weeks
Hello all,
It's been busy last 5-6 weeks getting rehab done on couple of my multi-units and getting them rented out. It's been a great learning experience. I just thought I share with the group some of the things I l...
Melissa N.
Replace water heaters?
Hello all,We are closing on a 12unit next month. The inspection showed there are 8 water heaters that are near double life expectancy (so they are 10 year water heaters but some are 18 years old). Would you replace th...
Alexandra Winkler
Waterproofing Basement on SFR Rental
Hi BP Fam! My significant other and I would like to rent out a house in Rochester, NY since we have a low interest rate. Our mortgage, PMI, taxes, and insurance is just under $1,300. It's a 4 bedroom 1.5 bath 1,538 sq...
Ulrich Faircloth
North Minneapolis - First Duplex Opportunity
Hello all! So I'm in a bit of a fix. For the past few weeks I've being trying to figure out what to deal about getting my first duplex. The problem is...I'm only qualified for less than $130K for a conventional loan d...
Wendy Stclair
Cost Segregation? Worth it?
I've been hearing the hype about Cost Segregation for a while and I wasn't sure i was a candidate. Still not. My w2 income wont be over $100k for 2022, I will hopefully be considered a RE professional and i had 5 prop...
Minka Sha
Sacramento Water Bill SHOCK
I closed on a fourplex in early June and just received the water bill and it's $711.40 for the period of June 5th to July 20th. This threw my math off. How can I get this under control??? Is this expected? I have a du...
Lissa Harre
Advice on living in basement and renting main areas
I own a 5 bedroom 3&1/2 bath house with a finished basement. I’m hoping to live in the basement and rent out the top 2 floors. How should I split utilities, HOA, ect?Can I limit the rental to not include the backy...
Ben Kirchner
Just did first flip - Tax questions *Seeking local CPA*
I've been a buy a hold & land investor up to this point. I just completed my first flip. I've been doing my own taxes up to this point, as it didn't seem too complicated with my current rental portfolio. Now th...