Juan Mendoza
Does a room need to have closet to be considered a bedroom?
2 years ago I purchased a 3 bedroom and 2 bathroom property. I remodeled the kitchen and in the process removed one of the bedroom's closet because it was sticking out intto the kitchen. Im about to get it appraised f...
Eric La Pratt
AirBnB Short Term vs. Long Term in Chicago
I have a multi-unit in a class A neighborhood in Chicago (Lincoln Square - 60625) that I am wrapping up a large rehab on right now. The property is on a remarkable block and the units really are fantastic - we've take...
Amos Smith
Mobile Home PARK Depreciation IRS Schedule?
Hi,I recently bought a new mobile home park, my CPA tells me that the non-land portion (road, pipes, water plant, good will) should be depreciated over 28 year. My CPA has never done tax on MHP before.I did a search ...
Account Closed
Wholesaling Direct mail approach
Ok new to wholesaling and from my understanding you should take one approach and stick to it. I am thinkning that the best approach for me to start wholesaling would be direct mail. I feel like I will have the free ti...
Shiv Jey
High income, low time
Hello all,Wife and I are high earners with busy jobs and limited spare time (total salary >$1.2M/yr). We don't live lavishly, pay a ton in taxes, and are making traditional investments. Our savings are starting t...
Chris Nerio
1st Rental Purchase, Buying Fourplex
Hey everyone, I'm looking to possibly put an offer on this deal for a fourplex in St. Louis. Purchase Price: $225KDP: $45k (20%)Annual Gross Income: $27,060Total Operating Income: $27,648 (less vacancy at 4%)Total Ope...
Jonathan David
rehabbing a waste of money?
I am a beginner who just "rehabbed" a house. I followed the model you see on HGTv where an investor comes in and updates things. I put in a new kitchen, new bathrooms, updated paint and floor coverings. We finished...
Terry Lao
Property taxes in Cleveland, Ohio.....why so high?
Why are property taxes so high in Cleveland, Ohio, relative to the sales price? I saw a duplex listing price of about $90k with good cash flows, but my goodness.....the property taxes were $4800. This is about 5.5% of...
Bob Beach
Seller Financing. Good idea?
We're selling a few houses in Memphis, and we have interest (letter of intent), on one house that's requesting, "Seller Finance". They're offering a few thousand more than asking and will also pay agent fees. Our agen...
Winston Spence
Direct Mail Marketing: Trying Other Ideas To Get Leads
From reading the forum and understanding what other investors are doing to get responses from direct mail. It seems like a majority of members on BP are using yellow letters. Yellow letters seems to get a higher respo...