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We have just purchased a 110 year old duplex in Oak Park, IL to house hack. There are obvious repairs, like brick work and rotted siding, that will make the investment last.But what about more cosmetic repairs? To wha...
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Hi,I have a SFH rental (no septic tank) professionally PM'd and the tenant is complaining that the GD keeps breaking and actually wants it removed or else they will move out (seriously ?). The first time repaired las...
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Medium-term rentals vs. Short-term rentals? I know STR's have been all the rage for the last couple of years, and when interest rates were low, the ROI was great! I have personally used this strategy for real estate i...
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This is what they say they do and how the do it. I would like to get into apartment complex ownership, but I have never done this before, I have only done SFH. They basically say they handle everything from locating t...
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I'm exploring my options to reduce my tax burden and my CPA is recommending that I create an S-Corp to maximize the tax benefits. That sounds good to me but I'm concerned that when I'm buying properties I might run i...
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Hello BP Community! I am considering investing in both residential multifamily properties as well as some 5-15 unit complexes. Do I need an LLC when moving forward with a commercial property in that unit range, or is ...
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Fellow Investors: After six (6) years of renting out properties, I still haven't yet figured out the best way to mitigate those tenants who fail to keep an eye out for the occasional leaky toilet flapper for which som...
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Hello all,I have been self managing my investment properties for many years successfully for years. I respect the tenants their privacy and I have never "show up". The one time I needed to get into the property qui...
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How do you tenant proof your rentals? I was listening to BP show 48 and they gave a few ideas. I listed a few of them they discussed plus some from this post. What else do you do?
Screen tenants thoroughlyUse 5/8 dry...
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I have 77k to fund one these self directed IRA but now I'm trying to decide who to go with. Seems like Solo 401K give you the most control of your money, please help. Thanks!!