Quick question about 2023 expenses.
We purhchased our first inventment property at the end of December 2023, but did not get it listed for rent until January.
We had some expenses associated the purchase in 2023 tha...
Good morning BP,I'm currently living in a house hack duplex/ live in flip. I closed on the property 125k in August, put 10k to make my side 90% complete, then put 7k in the other half. I had my old roommates move in t...
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 everyone. Has anyone bought a property with their Self Directed IRA, using private financing?
If so, where did you get the actual note? To clarify, I have the funding lined up but realize that I must obtain a N...
Hi there, newbie here with a question I haven't found in my searches on BP. I'm an architect, developer, and general contractor. I own a small lot free and clear in the downtown of our small city just outside Seattle,...
I'm trying to migrate from Evolve, and I'm wondering how those of you who self-manage remotely handle emergency issues. I'm concerned that if I place an ad to find people who will work on an hourly basis (in the area ...
Does anyone do their own accounting? I'm trying to set up "asset" reserve accounts for Vacancy, repair & maintenance, and cap ex. how do you do this or are you accruing your expenses? How do you save for the expen...
We have a rental opening up Nov 1, and have one applicant with a credit score of 790 offering to pay the full years rent up front. Red flag?Thank You
My tenant just texted me saying that the glass cracked on the stove in one of my properties from when she was cooking on medium to high heat. The stove is only five years old and I bought a good one. It seems to me th...
Here's my scenario: I had a primary residence I lived in for almost 10 yrs (2000-2010). I then converted it to a rental in 2010. My tenants had a house fire...total loss in Dec 2011. If I collect on insurance an a...