Russell Roberts
Tax effect of personal residence cash out loan used for investing
I did a cash out refinance on my primary residence in 2017. I did Not use the loan proceeds to buy, build, or substantially improve my primary residence. Instead, I used it to fund other real estate investments. So...
Chad Collin
Triplex deal analysis
Been looking at small multifamily for a while for buy & hold. Found a CA triplex and ran through the calculator with conservative numbers. It's an older triplex but expecting to renovate and raise rents with tenan...
Ian Maxwell
Can a landlord charge a security deposit for their own labor?
Hi All, I recently closed my first deal and will be house hacking a two family in Quincy. We took possession of one of the units on 9/1, and found that the previous tenants left several large pieces of furniture behin...
Abad Marroquin
Cost Segregation Study Question
Hi BP community. I bought 28 apartment units in Georgia in June 2022. I am looking to hire a firm to do a cost segregation study. In one of the quotes, the agents gives me the option wether to authorize the his firm t...
James B.
Tenant Walk thru 30 days before leaving
A tenant wants a walk through more than 30 days before leaving so they know what needs to be corrected in order to get their full deposit returned. I'm fine with that but am concerned if they do everything I see a...
Benjamin Lemieux
What do you charge for cleaning fees when tenants move out?
Hey everyone,
I was curious if anyone had a list of what they charge for cleaning fees when a tenant moves out? Do you have an itemized list if a tenant moves out and leaves things dirty such as?
Stove - $50
Fri...
Spencer Herrick
Escrowed Taxes as Expenses on Rental properties
I'm curious to know and understand whether or not you should still consider Total property tax and Mortgage payment as separate expenses on the "4 square method".... in the case that you are having those taxes escrowe...
Joe Conklin
What to take out of the security deposit? (If anything)
This is my first turn-over and I just inspected my rental unit where my tenant recently left. I see that there is some damage but unsure what to charge my tenant. I'm meeting with a contractor this week to get an es...
Account Closed
Winston-Salem GC Estimate Review
Hey Y'all!
TLDR; I have a 2bd/1.5br in Winston-Salem. We have a quote from a GC in the attached image. Let me know your thoughts!
We're doing a full cosmetic on a 2/1.5- bi level on a hill that allows basement to op...
Brian Woitte
Estimating Value (wholeselling)
After an appointment has been made to get a contract signed with a seller and you begin viewing the property general rule of thumb for determining your sell price is 65-70% ARV minus repairs. What is the best practice...