When joining a mentorship program, it's important to ensure that the program is a good fit for your goals, needs, and expectations. Here are key questions to ask before committing:
1. What is your mentorship experien...

Hi all, I see many people asking in these forums what costs to keep in mind when estimating a property that will be turned into a STR. I compiled the list below with the most relevant items in my experience. What cost...

Really thought I would have an easier time finding a consistent definition of this by googling.

Can someone lay out for me what of the following goes into the expense part of the 50% ratio?:

[/u]Hard, real costs (eg...

The Landlord insurance policy quotes I am receiving has a high deductible for Wind/Hail/Named Storm coverage which effectively means replacing the roof would be out of pocket for me which defeats the purpose of carryi...

Hello BP Flippers & Rehabbers...I'm thinking about implementing the rehab/flip strategy.  I have 2 questions for folks who've completed 3 to 5 flips/rehabs.1. What are the 3 things look for when selecting a contra...

Hello! I’m new to the MTR game. I’ve been doing LTRs for a few years. Can you provide me with some guidance on lease agreements for MTRs. For example, I lease a property on furnished finder for 3 months. Is the lease ...

A question that we get:
"Does the IRS require site visits for cost segregation studies?"
While the IRS does not mandate a physical site visit, the IRS cost segregation audit technique guide (ATG) does suggest conduc...

Hi,Well it's finally here! My first STR. I've been reading/listening/learning from BP for over a year and finally felt ready to pull the trigger. Please have a look at my listing and let me know what you think. I valu...

When people discuss cash flow, are they referring to the cash flow before, or after, the write offs for depreciation and interest payments?

Can anyone share or recommend a fairly boiler plate disclaimer / advisement to include in our "guest book" and also check-in instructions for the STRs that we own? Context: I am also a Realtor in CO and for us it's be...