I've looked through some of the topics on BP regarding garage rentals. Most deal with renting them out to 3rd parties not related to housing. I'm looking to purchase my first duplex now which comes with a detached 2...
Closing on my first side by side duplex & will be living in one unit.The other is tented out to a family for 10 years. So they are reliable but also underpaying the normal rent in this area by about $250/month (ra...
I'm 25 and make 70K a year. The catch - I have 50K in debt between my car and school loans. I want to be a big-time investor (I know, the usual right). What would you do to make my dream a reality?
I had my rental property painted. The contractor asked the neighbor to move his car before he started work. The neighbor who is renting the house next door did move it across the street and two houses down from the pr...
One of the things I here all the time as a landlord is "rent is too high". I am from a city outside of Detroit where the real estate was extremely cheap and still relatively is in some spots. So many people will com...
On the 2nd of January, Our tenant called and said there was a water leak in front grass area of yard that she thought was an irrigation system leak. We instructed her on how to turn off system and requested se let us ...
Hello, I was wondering if you stay in your investment property and if you make some repairs can you write it off ?In my case, one of my tenant is leaving and I was thinking to stay there for few months and get the hou...
Hi Everyone, hope you can guide me. I am purchasing my first flip under my LLC in a few days, my wife is the buyer agent and she wants to help me with the closing cost, can she apply her commission towards the closi...
Hi BP friends! Help!Potential Deal Analysis. Tell me what you think! Looking to flip property. Will be my first. Tried to do the numbers the best I could using average cost of closings etc. Did I go to high on monthly...
I have about 25k in cash available. I also have about 45k in non-real estate debt. Credit cards, car loan. I really want to refinance my current residence to get it rented and look to buy a new home. Both the refinanc...