Do you have to report all maintenance expenses on a duplex or apartment building on your tax return? I understand I would pay more taxes if I did not report all the expenses. However, my DTI looks better for qualify...
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I'm finding it a bit overwhelming to manage the documents with our handful of MTR/LTR properties. Insurance, tax, tenant info, leases, applications, listing/marketing docs, water, notices, repairs, logs of maintenance...
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I am buying a primary residence, and in 2 or 3 years, converting to a rental. The current owner bought the house with a pool and has not used it in 20 years. The cost of the repair is$27K and don't want a pool eithe...
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Hey All,So the question for the day that I have is for all you Multi-Family owners what are some of the best systems you have in place right now that allows you the least amount of headaches, not having to physically ...
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I put in an offer on a property for 450k and the comps say at least 600 and up for similar properties . But , the agent wants all cash offers only for a short sale !? Why would an all cash offer matter for short sales...
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I am newbie to long-term rental. I have only experience with short term. I just built 4 townhomes that I cannot use for Short Term Rental as planned so I have to pivot to the highly unprofitable long term model.
I h...
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Hi,
Do you think it is a good idea to buy a condo in Miami high rise oceanfront/downtown area for the out of state investor? With intent to rent on annual lease? Which rental restrictions to be aware of and which ext...
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Hi everyone, I am pretty new to the forums & investing. I am looking for my first deal after reading several of the BP books & J. Scott's estimating rehab costs book. My question is regarding a 3 family (fo...
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Hello BP!I've been part of the investing and landlording world since 2014. I've learned a lot but of course there is always much to learn.I own 7 SFR rentals and am looking to scale, so I'm entertaining the idea of m...
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Hi folks,
Total noob here, planning to make OOS buy and hold investments.
As I learn more about this business, I think one of my biggest weaknesses is that I know nothing about house construction or rehab.
I grew...