So first time homebuyer, originally I was thinking that my wife and me would purchase a duplex up to a fourplex using a FHA loan. However with the market the way it is any multifamily is far outside the realm of possi...
good morningI am having continued issues with my property manager, and I am looking for services that can help me manage the property myself. I listen to numerous real estate podcasts, including bigger pockets, and I ...
Hi all, Newbie REI from Louisville, KY here. Just moved back to Louisville from Shelbyville, KY in August and decided to rent out my home of 8 years rather than sell it. I still need to run the numbers to see if tha...
I'm looking at purchasing a property that needs a new roof. I'm new to real estate investing and don't have a good idea of how much this will cost. Have any of you repaired a roof recently? What is the average cost fo...
Hi all, I am in due diligence state for this deal (seller financing). The seller is an old guy who manages the property himself and does not use any software. He even mixed with personal bank account with all rent dep...
Hello all you smart BPers! My name is Jim. From central MN. My first post. This site is an absolute gold mine! Amazing! My question is a little outside the box. I don't know if it is a workable deal or not. I wou...
Good morning, Bigger Pockets:I am new to real estate investing and although the process of finding my first property has been exciting, I have to say it has been equally intimidating. I have finally found one 3-unit h...
There seems to be some conflicting information online regarding when 1099 forms are required for small landlords (see link below). Does anyone have a definitive answer on this? Would I need to issue a 1099 form to my ...
Hello BP! Below is a copy of my tenant's text. She also mentioned that next time, she will call the cops. Any advice on how to handle this as a landlord? This is a first. The rental property is in an "A" category comm...
For rental properties I know you can depreciate things like a new roof, new washing machines etc...although different things have different schedules of depreciation. I have one item that I don't know if it's an it...