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Hello all, new to the Real Estate world, only one SFH under my belt (which I’m currently living in.) Both my wife and I are active duty military near Colorado Springs. I just used my VA loan for our current property. ...
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Hello BPers!I have a property in Charles county MD under contract, which the numbers work really well. Purchase price is $51,500. ARV is $230,000+. Rehab estimate is about $70,000. HML loan at 3 points and 13%. I am d...
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Is it typical for an appraisal to come back almost exactly what you're purchasing the property for?
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Hi All,I'm reviewing my lease, and I'm wondering if there's any additions in people's leases that they consider must haves, or perhaps additions to leases after a bad tenant experiences? What is something you'd wish y...
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This may be a question for people specifically in Washington. One of our tenants was on a 2 year lease option with us but decided to back out before the 2 years was up. The tenant is claiming since he installed 2 new ...
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How do I attain basis for depreciation on this property;l?I’m at odds with my CPA and looking to see what I can do to maximize my depreciation on the property I purchased a multifamily at an incredible deal, way unde...
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Hi all,I recently bought my first small multifamily (two buildings - duplex and a single family). I only inherited tenants from one unit. Two other units are currently vacant. So, we have three units, but only one gar...
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I regularly hire handymen off Craigslist and work with them on rehabs. I keep their total pay under $500 and have done an occasional i9. I would like to know how to protect myself as lot of these people are unlicense...
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My lease states that no alterations to property are to be made without written consent. I just purchased the property 3 weeks ago, and one person has painted their kitchen cabinets as well as the front door(interio...