Thought about buying a house to rehab.  Wanted to do it right so got an appraisal.  House appraised ARV 635kHouse was done.  Time to get a mortgage.  House appraised for 561k.  We didnt really care, that could be chal...

Hello All,I just got back my K1 from the accountant on a property that I purchased in 3/2013, rented out and then sold in 6/2014.  The K1 has all of the profit listed on line 1 as ordinary business income and does not...

As you all know, wall street is moving in on our turf. Thought I'd share my plan to stay alive:

1. Convert multi-family to single family dwellings. In my particular region there exists a large double (up/down) hous...

Hello, I've been working with a property manager for 6+ years now. The PM recently sent me a concerning email asking me not to negotiate with the vendors they bring on to provide estimates, and for me to trust that th...

I'm a newbie to investing, and I think I've found a decent deal that has huge potential, but the cash on cash ROI is only 7.51%. So, I wanted to ask the board for an opinion on this deal.Summary: CondominiumPurchase p...

I have a tenant who contacts me weekly for repairs. Some are legitimate and require a specialist, while others are trivial, such as replacing a sprinkler, and it's getting very tedious.Which repairs can I reasonably e...

I think we can all remember the dreaded feeling of report card days from our childhood. The level of stress you felt typically depended on how well you thought you had done in your classes. Looking back on those mom...

Hello Fellow BPers, I'm analyzing deals for BRRRR around DFW using the great BP BRRRR calculator.  First box of entry that has me scratching my head is the "annual property taxes".  If I'm analyzing a deal off of the ...

Hey all,  Hoping to get some assistance on the property analysis below.  I like this property itself--recently renovated, big units, good area, and the $ per unit while on the high end has some comps likewise in the a...

Hello BP!

My fiancée and I just closed on a 2 bed/ 1.5 bath condo on the north side of Chicago, right next to Loyola University, and it is currently in process of being rehabbed. It should be fully renovated in a co...