Hey all fellow landlords "in the trenches" with me in the Detroit area:In the five years my tenant has been at my rental property, most of the time he has been $300-$600 behind in the water bill.  It's his responsibil...

Has anyone ever run into this issue and how do we navigate it? We bought our first BRRRR deal as a bank foreclosure. Took weeks to clean it up and months to rehab. We fixed it up and put tenants in it and got an appra...

Hi,I am just looking for advice as we are desperate on where to turn. A contractor we hired with a contract took out roughly an extra $40 K over budget(the bank let him have it). We tried to get him to work for months...

Has anyone done a cost segregation study, and what are the pros and cons?  Has anyone used Engineered Tax Services for this study?  It all looks good on paper, but I wanted to see if anyone has some real world experie...

Background
I am not a Professional Real Estate (yet) as I am working as a full-time engineer, and I don’t meet 750 hours of services during the tax year in real property trades or businesses in which I participated. ...

My name is Justin Morris and I've been on BP for about 8 months now and continue to learn as much as I can for the amazing people here. In the past 6 months I've dived into a lease purchase and actually have two prop...

This is a follow-up to my recent post about IRA audit myths. In this long sequel, I will discuss hiring audit and "IRS audit insurance."
1. DIY IRS audits.
Can you defend yourself against an IRS audit without hired ...

I was talking with a friend of mine who is a real estate attorney today and we had a discussion that I think many current wholesalers(and noobies) are not aware of.

Typically when you wholesale you schedule the closi...

Hello!  I would love to get input from the BP community on this.  We are working on one of our first flips, and are trying to find that sweet spot on amount of renovations to do - most bang for our buck and time.  We ...

Hi, folks.I'm in CA Bay Area, where rents and prices are very high.  I'm considering selling my private residence which a RE agent said should fetch about $800k.  Decent area duplexes (3/1 + 2/1) are about $1.0 mil. A...