Updating my lease for new tenant (finally!). After the debacle with the last tenant (short version: wouldn't move, insisted we had an oral agreement; left behind thousands in damage) I need to add a "holding over" cla...
Hello BP, we are looking at buying a older duplex (1964). It very well may have some lead based paint in it still. As far as renting it, do I need to verify (test) if it does or not. Our concern is if we don't, can a...
I have seen a couple of houses with termite test kits, and have thought about getting them for my other rentals (single family homes). Is this a beneficial use of my money? What are the pros and cons?
Hello Bigger Pockets!
I am currently house hacking a single-family home and am renting out my additional rooms to two roommates. Due to the increase in positive COVID-19 cases as of late, I have been thinking how bes...
Hey guys, after reading two books from the bigger pockets family in the last couple of weeks I realized this might be a great place to come for some advice. Thanks ahead to anyone who can help. I recently got some new...
I'm evaluating a house that has a history of meth that will require renovation. It is located in Colorado and my best understanding is that since it was remediated I don't have to disclose it to a buyer. I will be di...
Hello everyone,I am interested in getting my license in KY. Can anyone recommend me to the best places to take the Pre-license classes? After getting a license, what enables me to access the MLS and get the hot s...
I'm a full time W2 worker opening an REI LLC and want to ensure maximizing tax benefits for investment expenses under the LLC. I have my wife listed as 50% owner of the LLC as she is not employed. Does she need to b...
So we received the security deposit on our first rental and now we are unsure what the next legal steps are. I think I need to open a separate interest account (escrow?) and then provide the tenant with the bank and...
Does it make sense to withdraw the max of 100k to invest in a rental property vs a flip?