Jason Haymond
50% Rule - Where do I keep the money?
Hello all!
I’m familiar with using the 50% rule as a napkin number, which includes more immediate things like upkeep, property management, and property taxes; but for the long term things like a roof, what do I do wi...
Tyler Willson
Tax Implications for Flipping
Hello everyone,We are nearing the end of our first rehab and flip project, and I was wondering how we go about writing off expenses for taxes. I was getting fairly clear on how to do it for rentals with division into ...
James Heller
What type of agreements do you have with your contractors?
Hi everyone -- I am buying property remotely (in Denver, from San Diego) and beginning to partner with several contractors in the area. Really awesome folks I've gotten in touch with.I'm curious what type of agreement...
James Partsch Jr
Need Help and Advice - DEC Contamination Record and Owner Financing Opportunity
There is a 10+ unit building that was under contract and the deal fell through due to DEC records of soil contamination from a previous nearby gas station leak. The owner of the property has had it for over 30 years ...
Edita D.
One estimate only for a fence repair???
Hey guys! Our prop mng company in Fort Worth, TX provided us with one estimate of $1500 for fence repair. When we asked for a second quote since this is a large expense, they advised us they " found this vendor the m...
Kalp Mehta
Lease Extension and Rent Increase: Adjusting the Last Month's Rent
Hello BPIf I extend the lease and increase the rent, should I adjust the last month's rent to the new rate?
Dee James
Suggested fees for home project manager
I'm going to be renovating a small home. Since this home is in another geography, however, a friend will oversee the renovations and the process of making it ready for occupancy by a relative. The home is in fairly ...
Rick Schneck
Offering a Trust Deed in a Purchase
I'm working on a probate deal where I've offered the seller an advance of the sale proceeds prior to closing. To mitigate a loss of the funds I've proposed a trust deed against the property as the instrument to s...
Andrew Briggs
To Pex or Not To Pex
Hi, I wanted to get some feedback on a maintenance topic. Last year I had pex plumbing installed under one of my rent houses. The G.C. who installed it was not a certified plumber. Fast forward 6 months I had a plu...
Mac McDonald
Investing in muliunit Cleveland Heights or surrounding area
I’m looking to invest in my first rental property that would ideally be a multi unit of some sort. The plan would be to provide a place for my dad to live on one side (paying rent) and watch over the other properties ...