Petronella Kerssens
Let`s get the ball rolling
Good morning, everyone!
Wishing you all a fantastic and healthy 2024 filled with prosperity and success! 🎉
I recently made the leap to a pro membership here as I've been immersed in the complexities of real estate n...
Jason McGraw
8 door Sec 8 opp. for $640k asking - cash flow of $100,800
Looking for advice:8 door MF unit in Boynton Beach, FL - asking $640k, 100% occupied with Sec 8 tenants - monthly income of $8400. Haven't figured out why owner claims gross income of $91,740 yet but all of my analys...
David C.
Mostly Month to Month tenants in a Multifamily - Big red flag ?
(Sorry for all the M's in the title)
Fellow BP-ers,
An OM crossed my desk which seemed promising, a 9 unit multifamily which had decent cashflow and the numbers would work at a slightly lower offering price. Howeve...
Daniel Kramer
Inheriting Month-to-Month Tenants
A duplex I am looking at is currently occupied with two month-to-month tenants. I've read a lot about inheriting tenants, but nothing about inheriting month-to-month tenants. I'm not sure why, if they are both current...
Ashley Rothacker
Schedule C for Airbnb Income
Hello! I know there are a lot of topics on whether to report Airbnb income on schedule e or c but it still seems like a grey area still. Most resources say Schedule E however other resources say that if the average re...
Forrest T Schue
Receipt Tracking and Bookkeeping
Hello everybody,What methods do you recommend for tracking and documenting businesses receipts? shoebox? A software?
Jason Vo
One of the tenants filed bankruptcy, what should I do?
I have a co-tenant leased my property. One of them moved out and filed bankruptcy chapter 7 months ago without noticing, the other one still occupied and been paying monthly rent on-time.
Should I terminate the leas...
Sara Blouin
Rhode Island Tenant Law Question
Hello BP! I have a 4 unit property in Providence, RI I’m about to purchase. I have a medium value-add rehab intended, but the property is currently occupied. The tenants are currently under market rent. What options m...
John M Arnoldsen
Should I cash out refi my primary res. to begin RE investing?
I am a beginner and have nothing invested in real estate. BACKGROUND INFO:-38 year old police officer in Utah. Married with 6 minor children. -Base salary: $83,200 per year, $90,000+ when including overtime. No debt o...
Whitney Robert Caldwell
Whats the right amount of rent?
Hello BP Nation, I recently purchased a 3B/1.5B townhouse for $176K in East Baltimore County, MD. My property manager and I set the rent at $1800. The median rent for the zipcode is $1500. There are very few rentals ...