I had a new water heater installed in the rental (before I placed the rental in service, if that matters). Do I have to depreciate the water heater like I would a kitchen appliance, or is it okay to treat it as a repa...

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...

Hi BP,I'm trying to analyze a property that has detached 1/1 inlaw suite and I'm not sure how to comp it for ARV. There aren't really any other sales with one recently so I'm not sure what I should do. Should I comp t...

I have a property in an HOA. My property is the middle unit in a 5 unit townhouse building.  All five units have termites but only myself & one other owner wants to treat. I've been told by all termite vendors tha...

I invest in tax deeds. After I purchase them the property owner has a 1 year redemption period. If the property is not redeemed, I get the Quit Claim Deed after 1 year (approximately 12-15 months after the sale). If t...

My market is pretty competitive, so brokers and rehabbers came to us to get a leg up on the competition. While I love direct mail, the sellers have almost become numb to it because there are so many new "investors" en...

Will the same rules applied regarding long vs short terms ? Thank you in advance for your inputs !!!

Hi everyone,
I'm looking to purchase a home with an attached ADU (permitted). There aren't even really separate entrances to the place, unless you count the sliding patio door and the ADU / house are not separated (y...

Hi everyone!I'm pretty new to real estate investing and have a couple questions based off your experience!I just received my bi-annual property valuation, and it reflects quite a bit of appreciation over the last 2 ye...