Joan Kreifels
In need of commercial rental advice
My husband and I have had residential rental property for several years but recently purchased a commercial building with 3 professional offices, all were occupied at the time of purchase. One office was an orthodonti...
Nirzhar Kar
How do i pay taxes on profits on flips?
I am going to invest on my first flip with a small group of 3 other investors (family/friends). I am wondering how i deal with tax ? Say i make 50k in profits. Do i pay the tax on the 50k and then distribute everyones...
Nadir M.
Concerns with older buildings.
Hello everyone,
I have a couple properties that I am looking at and my main set back is that they’re old builds, around early 1900’s. My question is, other than foundation issues, which they don’t seem to have, what...
Rick Baggenstoss
How would you improve upon the 2% "rule"?
I've struggled, along with others, with the 2% rule. It has some drawbacks which I think can be improved upon with BP community help.
Simply stated, the income from a house should be greater than or equal to...
Billy Zhao
Buying Duplex in A Hot Market
From the onsite, it doesn't appear to be a good deal. Please give me some of your thoughts:
Type: Duplex, fairly new, not a fix-upper (mostly updated, need minor updates that shouldn't cost more than $5,000)
Asking ...
Austin Wood
Ohio tenant/landlord laws cigarette smoking damage
Tenants lease says nothing about smoking. She gave a deposit of $765 but smoked in the unit for 2 years. How much of that 765 can I charge her for cleaning up the unit? Need new blinds, paint carpet etc. located in Ohio
Nitanga Jean De Dieu
Commmercial or Residential real estate, which is most effected?
Just came across the article below. The Cheesecake Factory Tells Landlords Across the Country It Won’t Be Able to Pay Rent on April 1. Will commercial real estate be drastically effected? What are your thoughts. https...
Kevin Johnson
Pros/Cons is property managers
Can you give me your pros/cons of having property managers? We are starting to look in some lower income areas and are wanting someone to handle potential problems. Do you keep all your properties with the same manage...
Chris Patao
MBA or Master of Accountancy?
Would it be more valuable to a potential employer if I get my MBA or Master of Accountancy?I am a veteran and nontraditional student who is graduating with a BBA in Accounting in May. My goal is to get my CPA once I ...
N/A N/A
Determining Value - Electronically
hello all,
Trying to get some basic information here. I deal with REO's and am very familiar with BPO's. I am having some serious issues determining electronic values though. This topic may very well be in here so...