My wife and I closed on our first rental in October 2020.  We have a renter and is cash flowing $185/mn.  We enjoyed the search, purchase, rehab, and renting process.  Previously we've done two successful but major li...

Hello,I am new to the forum, but I love the Podcast and have had the membership for about a year. Thank you for reading my post.I recently, in September, bought my first investment property. I am currently house hacki...

For all developers out there. How do you estimate constructions costs prior to presenting a project to lenders? Do you first acquire land and plan then perform the estimate, or is this done prior to securing a constru...

Hi BP community! My husband and I own and manage 6 Airbnb’s and have just quit our corporate jobs. I am an architect by trade and we have spent much of the last few years on the grindstone doing renovations, working f...

Read this: https://www.newsweek.com/landl...Different states have different laws, but I wouldn't throw away items of value! If it were me, I would have placed these items in storage and only returned them when the Ten...

This is a stupid question but do you count things like cars, jewelry, watches, etc. towards net worth

Hi all,I'm looking to see how close to breakeven I could get with some property in my area if I ever move out, but mostly would only be able to afford condos that have $300-$600 HOA fees.Can people give me a sanity ch...

Two questions on this:1. On line items below the $2500 threshold for an expense.  I paid 2/3 of a renovation during the 2019 tax year with the remainder due here in 2020.  Do I just use an excel sheet to take 2/3 of e...

I have done some flips, but never a new home build. I'm doing my first one with an "owner-builder" so pulling the permit is not an issue (I know how to do all the paperwork stuff).In the future, if I need a GC to pull...

How do you account for the purchase of staging items?