Devon Yates
Building on top of garage
I just purchased a duplex and I have two detached 2 car garages. The garages themselves in one building. I would like to build a unit on top the garages in the future. Has anyone done this? What is the cost like? ...
Bob Clement
Quick sell or subdivide?
I am semi-inheriting my father's house in Maine. My mother has agreed to sell me the house for $150,000.00 even though it is worth $285,000 with must do repairs completed. It is a 1950's ranch with 10 acres of land....
Nancy Wang
Construction Permit necessary in Fort Worth, TX?
I am buying an investment property in Fort Worth, TX. Once closed, I would like to add new walls to separate bigger empty areas into individual bedrooms. No windows changes are needed. Only need add walls/doors/closet...
Scott Beck
Impact of the Amended Dallas Housing Ordinance on your business.
Last summer there was a lot of discussion of how the Dallas city council was amending the city's housing ordinance. (See article for more details.)Now that the ordinance has been amended and is in effect, how is it im...
Kadia Lawrence
How to calculate 3X income rule for section 8 and Minimum credit score
If you have a minumum multiplier to qualify people on income, e.g., income must be 3X rent, how do you make the calculation for a tenant using a section 8 voucher?Also, if you are using one standard set of criteria to...
Josh Thomas
Baltimore City inspection citation easy fix but 'permit required'
So I received a citation for under the Fire and Related Codes of Baltimore City for improper egress. Basically on my forth floor unit, a resident must walk a few steps along a very wide and flat platform to an existin...
Patrick Menefee
Fair terms - how do you split with money only partners?
There are a million examples and a million different answers, what has worked for you? Or what hasn't worked?For me, I have a partner interested in investing with me on a property. I was talking about another REI deal...
Kole Kingslien
The Flow of Money in relation to Rental Properties
Hello BiggerPockets community,I have titled this post "The Flow of Money", so it does not get confused with the term "Cash Flow". I have just purchased my first rental property, and am trying to understand how the mon...
Kelly N.
Prorated rent collected at closing- tax question
Hi,
We closed on our first rental property last month and had prorated rents deducted from our closing costs. The amount deducted is considered rental income, right?
Thanks,
Kelly
Michael Kiley
1031 Exchange: 2 Questions
I've decided to come out of my comfort zone in 2020 and exchange one of my SFH rentals for my first apartment building. The house is worth 85k and currently has no mortgage. 2 questions regarding 1031 Exchanges...1. I...