Account Closed
203K loan or Similar loan process
Hey everyone,We are planning to use the 203K or Homestyle Renovation loan on our next primary property purchase. My question is when does the contractor come into play when determining cost of renovation and mortgage ...
Jordan Phelan
Airbnb Design - Seeking Input for Market Research
Hi BP community! My husband and I own and manage 6 Airbnb’s and have just quit our corporate jobs. I am an architect by trade and we have spent much of the last few years on the grindstone doing renovations, working f...
Fred Stevenson
Allowable tax deductions
I'm an active investor, but I don't qualify as a professional REI. I'm trying to understand what types of business related expenses I can deduct. I have created an LLC that I will be using to buy my investment prope...
Jonathan Greene
The Top 5 Ways I See New Investors Lose Money On Their First Flip or BRRRR
Flipping or renovating as part of the BRRRR strategy is much harder than people think. There are so many posts every day about being stuck mid-renovation, out of money, or at a standstill because of decisions made tha...
Katie Anderson
Accounting for Closing Costs?
How do you account for closing settlement charges and expenses such as escrow fee, title insurance, wire/notary fees, recording fees, items payable in connection with a loan (on the seller side), appraisal fees, etc.....
Andre Taylor-Domville
Looking for a 203k approved contractor in Union City, NJ
Hey BP family,Currently searching for a 203k approved contractor in the Union City area. In the short term, looking for one to walk a property with me to help estimate rehab costs and then once the time comes obviousl...
Bobby Skorr
New To Real Estate In Tampa Bay / Central Florida Area Looking To Build My Team
In The Tampa Bay Area local investor in the items inside the home/business but looking to get with the right people to build a team. I am starting real estate school soon to get my license but here in Florida I was to...
Jesenia Matias
Mastering the art of rehab and estimates
Hi BP fam,I am looking to really educate myself with the rehab (cost, materials and labor) aspect of investing. What are some suggestions the community is willing to share on familiarizing yourself both as an investor...
Jane A.
Safety Rules for Tenants
Your input is needed! Please contribute into safety rules I am about to send to my tenants. The goal is to decrease the liability. Thank you!HOME SAFETY RULESFor residents of (address)______________________________...
Ryan Brunt
Damaged Clothing in Broken Dryer
I had a broken dryer in a unit that caused some burning to clothes. Had the the dryer fixed which took about three weeks. After that was done, I told my tenants that I would credit their rent for money spent on laund...