Hi everyone,I am trying to figure out what the depreciation basis will be for the property that I will be closing in two weeks.I am buying a property with full cash, doing some minor exterior rehabs (place is already ...
Hello BP community, I have an out of state tenant who has rented my property for almost two years. He generally pays on time (some times before time) and I have never had an issue with collecting rent. Today is 6th of...
Hello all,so last year we bought a duplex and we inherited tenants ( terrible tenants, always complaining and destroying everything) and this last month they didnt pay the rent so I served them the 3 day- notice and a...
We own a LTR that is valued at about $215K, and we owe around $65K on it at around 4.5% interest rate. The taxes, however, have went up so much that we have to raise our rents to a crazy amount (~$1300) to break even....
Newbie here looking to structure first rental.Scenario: I owe 229k on my personal residence house. It is currently valued at 390k. The 70% LTV would be 273k. It needs 10k of work. I have another house I would lik...
So I have a 2-flat that I'm house-hacking and I'm working on renovating it, but the job is bigger than I thought and I'm trying to figure out the best way to pay for a larger remodel than we originally anticipated. We...
Hello Everyone!This discussion is really geared towards Cook County investors, but any advice is welcomed.Cook County recently passed The Just Housing Ordinance. This question is only focused on the screening process ...
I've got a 5-year old judgment in Virginia Beach (total value of judgment, legal, and interest currently around $8,000). I've been able to locate the debtor, who since gotten married & bought a house in the Fayet...
Does anyone have any recommendations for property management companies in Cleveland area?
Hey guys, I’m meeting with a potential out of state property manager today. What are seine questions that you think I should ask him?