Christopher D Bradbury
Law Degree for the license.
Hello, I have been trying to decide whether or not to go back to school and get a Law degree. I dont want to be a lawyer,per say, but I want to be able to practice law. I want the license. I have a small real estate b...
David Egger
Section 179 Question - Vehicle Purchase and using mileage on previous vehicle
With the section 179 deductions, I know I'm allowed to accelerate depreciation of a vehicle based on business use. However, the vehicle in question was purchased in mid-December 2012, and I only put a couple hundred ...
Isaiah Tademy
Real Estate Professional Status & Taking Losses Against Full Time Income
Hello BP Community,I'm a bit stumped. I've talked to several investors and my CPA and am getting different answers. I am a full time insurance agent with a relatively high income, and my wife got her real estate licen...
Paul L
Duplex under contract
I've got my first deal underway. Monthly rent $1600 total for both units. ARV 130K. Picked it up for 62k, and it needs ~20K of rehab. We close in 1 month. I'm intending to do the interior painting myself so that shoul...
Mayra B.
Need of a Consultant (REA, Architect or Contractor)
Hello everybody,
We need advice from someone with expertise on: Building ADU's, transforming detached garages in studios, house renovations and constructions costs in California.
What kind of professional you g...
Prag Patel
Property Manager Backing Out of Raising Rents
One of my PMs told me they were going to raise the rent from 900 to 925 for a tenant who has a lease expiring soon. After speaking with the tenant, they told me that they will not renew the lease if rent was increased...
Michael Ansley
Portfolio LLC Setup & Mortgage Payments
Hello All,
Me and my business partner are going to close on 3 duplexes outside of Atlanta in a few days. All 3 duplexes are right next to each other and have 3 different mortgages with the same bank. My questions for...
Mark Forest
Books on choosing a multi-family buidling
There are several book out there on managing apartment buildings, but I would like some recommendations on how to initially choose a building.
James Wise
HELP!!! House under contract pipe burst $10,000+ DAMAGE!
HELP!!! House under contract & the pipes burst damage in excess of $10,000!I may have told a little white lie to get you to open this thread. I don't really need help. This situation has already happened to me, bu...
Marco G.
I'm a bonehead(?): I agreed to PM suggested large rent increase
I purchased a number of adjoining properties mid last year. This unit came tenant in place on their first year lease. My first lease renewal of 2016 comes up next month and PM suggested a 9+% rent increase. I was very...