Andrew W.
Tax Question: Deduct Sales Tax on Roof?
I paid $15,500 total for a new roof on my SFR rental in 2016. In doing my 2016 taxes the invoice breaks out local and state sales tax (~ $1,500) on the roof. Can I segment it and include the tax portion on my SCH E ...
Chris Matthias
GREAT TENANT, may want out of lease early
Good afternoon BPI have a great tenant who has been just about flawless as my first tenant experience. They signed a 2 year lease. Year 2 starts June 2023. They recently asked about procedures if they were able to br...
Erin Chamberlin
Microwave in an MTR?
How vital is a microwave in an MTR? We're putting together our first MTR unit and I lean toward not including one, but we could make a small one work if it's critical.Thanks!Erin
John D.
Recommended creative finance resources besides Pace Morby?
Hi all,I am digging into a lot of Pace Morby's content around creative financing and sub-to. However I am curious if anyone has recommendations for other creative finance resources and content besides Pace's? It would...
Patricia Andriolo-Bull
It happened to me - Airbnb policy
I am angry. I received 2 emails yesterday from Airbnb. One for each of two listings. They were identical stating that I am breaking Airbnb policy going off platform. The emails themselves make it sound like I am commu...
Adam Furlough
Analyzing this Deal
SFH that is a potential deal.....
Purchase Price - $75,000
Gross Rents - $995
Debt: (30 yr 7% $75,000) - $498
Operating Expenses-$498
$995-$498-$498= Break Even
Putting 20% down....
Purchase Price - $75,000
Gross ...
Sheryl Williams
Why was the payoff so much higher at foreclosure?
My FHA loan foreclosed with a principle of $140,000. The bank auctioned the property stating I owed $153,000. It was sold for $155,000 and I only received $800 in surplus from the trustee after they took their fees of...
Brett Baginski
Duplex Question- Almost Break-even Cash Flow
Hello all. There is a property that I want to look at that has been under contract and back on the market twice already, listed at $265,000. It is in an improving area, right next to the waterfront and downtown, and...
Andrew Bonar
Indianapolis SFH Appliances [What to include/not include]
BP Community,Just need a quick confirmation on which appliances tenants in Indianapolis expect/don't expect to be provided by landlord in SFH/Multi-fam renting. To my knowledge:Expected to be provided by landlord:- St...
Alan Hicks
Turning a new leaf...
Alright. Previous tenants have moved out of my rental. Was paying $1150 vs. a mortgage of $941. So not much meat there.I had 2 options..1. Double my cash flow by raising the rent to $1350/m2. Just sell the houseI crea...