Bryce Wolfe
New Build Rental
Hey everyone, I gave earnest money to a builder, and I’m supposed to close on a new build home in a month. I would lose the earnest money, but was wondering if it’s worth putting down 20 percent to cash flow 100 bucks...
Craig Fairfield
Series LLC + Insurance Coverage
Need some perspective on insurance coverage as I'm unsure of the advice I'm getting from my insurance agent and lawyer.We currently have 4 properties in their own respective LLC rolling up to a parent LLC. This is in...
Merrill Delimont
Reinvest my monthly rental income to avoid claiming it on taxes
I have recently bought 1 property, and am in the process of buying the second one. The first home collected rent December 1, and I earned 500 over what I owe. My second property should make 700 each month. My plan ...
Nick Causa
Quick Bookkeeping question
Received our first rent check. Feels good. I have certain amounts that i want to divy up to go towards future expenses (capex etc). We also set up a competely separate account for the house. Do we leave that excess in...
Ram Venkat
Repainting/refacing kitchen cabinets (tenant versus landlord)
Hello my landlord is suggesting I owe 3000 dollars for kitchen cabinets refacing/repainting. Attaching some pictures here. I rented this house for 4 years, it was a new home when I started renting. Do I have to cover...
Thomas McPherson
Common Mistakes in a BRRRR
Hi all, I want to start the conversation about common mistakes when doing a BRRRR. Here is my short list:
Overestimating the After-Repair Value (ARV):Investors sometimes overestimate the future value of a property a...
Rob Beland
Need help tonight BP. I'm writing an offer for a sandwich lease (I think)
Hey BPers...I need some help tonight. I'm looking at purchasing a SFR from a friend and we discussed two options. The asking price is $85K. Rent is $850/month and the tenant has been there for about three years. Good ...
David J.
How much umbrella coverage is enough?
I will have my 6th SFH in California shortly. They will all be rentals and they are all medium to low end properties. How much umbrella coverage is a good idea to hold? Obviously more is better but how often does a la...
Anna Stolpe
Depreciation can not be deducted?
Hi BP community! I just talked to a financial planner/CPA and she said that depreciation of a rental property can not be written off as a deduction if your household income exceeds 150K. I could not find any proof of ...
Trevor Murphy
OpenDoor App / Home Flipping
Has anyone used or heard of this app? OpendoorHere is a summary from wiki about the business model:"Property owners bid to sell their properties on the online platform. When a bid is accepted, Opendoor purchases the p...