I will be closing on a 4 plex apartment building this month. Each unit in the building needs new windows and could use some updates to the kitchen and needs new carpet. IRS rules require that repairs, when done as par...
My husband and I recently completed the conversion of our detached garage into a small home (DADU), total cost about $240k and just signed a year lease, monthly rental rate $3050 (we also have an investment property w...
I'm evaluating a potential BRRRR property. It's a single-family, one-bedroom bungalow-style home.The attic is fairly spacious and could certainly be converted to bedroom space. I'm wondering - are there specific requi...
Hey folks,
I'm planning on getting a preapproval soon, but I have a DTI issue I need to resolve.
I pay $380 per month for my car and have 16 months of payments left on it. Unfortunately, with my low inc...
I went on the city government site and looked up a property with a market value at 91k, And the assessed improvement value (taxable) is at 81,800. This property has fire damage but the structure is sound. Is the asse...
http://www.mortgagenewsdaily.com/mbs/
I am looking for some budget friendly touches that can help rent out an apartment, or attract better tenants. Examples include (USB outlets, updated digital thermostat, updated light fixtures/faucets,etc)Any ideas? Ha...
From what I've read online, it covers 'minor kitchen and bath remodels' but not 'major remodeling'. That's pretty broad. Does anyone have any experience or knowledge with more specific details?
Example: let...
I'm freshening up some landscaping at a rental property and am wondering if there are steps I can take to make this a repair or misc expense or is it a capital improvement no matter what? Cost is ~$1500 if that i...
I recently had a post "Out of State Investing-SCAM! False promise land of cash flow".https://www.biggerpockets.com/forums/88/topics/351...I may have given the wrong message that out of state investing is not a good wa...