I am a newbie. I am looking to buy a multifamily to house hack. I am currently renting in the central jersey area. my difficulty is not knowing where in new jersey, which city to invest. I want a good neighborhood, g...
Hello BP family!I was thinking of withdrawing as much as i'm allowed to if not all from my Fidelity 403b retirement fund to invest in my first property. Particularly a multifamily or a fixer upper. I have a total of ...
This is a two part question1) If I hire a painter to paint an entire inside of my rental house for lets say for $3,000 would this be considered a repair expense (improvement) that needs to be depreciated or would it b...
Hi Folks, I generally deal with MFH, but I have opportunities to do a few flips. Typically with MFH I take a more phased approach by focusing on structural elements of a property like Roof, Heating, Electrical, Pl...
Hello BP community,I am a newbie investor based in Wakefield, RI and looking for buy and hold properties in need of rehab work. After 20 + years in France, my wife who is from New England and I decided to move back to...
Hi, I'm hitting the sweet spot regarding my property management company. I'm paying well over 70k/year vs hiring someone would cost much less. Has anyone hired someone on payroll to oversee their personal portfolio?...
I’m currently under contract for a “fixer upper”. For my buy and hold business. I engaged my normal insurer for the basics but they refused to cover the property based on its condition. Namely the roof is shot, so is...
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Oswego.
Purchase price: $93,500
Cash invested: $40,000
Sale price: $103,500
My first investment. Two family home in Os...
Question about selling a business that is a single member LLC, has no debt other then a mortgage on a single home, and has secured a hard money loan via that same mortgage. The owner is dealing with personal issues a...
Hi all!
M name is Joseph Hoot. I currently live in the Buffalo, NY area and am moving to Roswell, GA area in the spring/early summer with my wife and two kids.
I am on the IT industry, currently working for the sta...