Although it scares the hell out of my wife I am developing an interest in rental properties and I'd like some advice. I am fortunate enough to earn a very good living that allows for 3-4 days off per week due to a com...
Why do our renovation expenses seem to be so much more expensive than investors I hear on BP podcasts or at conferences, etc.? I hear investors repeatedly quoting renovation expenses of value-add apartment renovation...
This is something I've been thinking about quite a lot now that we're in a high(er) interest rate environment, and I'm interested in hearing from the BP community on what they think. Disclosure: Not a mortgage broker...
I have a tenant who came by way of a temporary housing agency. Their son burned their house and the insurance company moved them into a hotel. The temp housing agency found my rental through Zillow and contacted me. I...
Hey everyone, hope y’all are doing alright. My tenant just moved out and she left 38 small holes in a room. Should I and could I take their security deposit or portion of it? What would you do? She also lost one of th...
I've been lucky in that all my previous condos were bought vacant which allowed me to get in and renovate and change our wear items which gives me long term peace of mind. I bought a quad last November which was fu...
This was a very slow year for us on flips. We did only 16. From 16 we only sold 14 and 2 were sold to rent to own tenants.Margins ranged from minus 3k on one :) to 23k on most profitable one.What are you guys making?
What are the downfalls of this as from what I know would be greater than the benefits? I know it can be done successfully and has by experienced investors? If the deal is a strong one, does that matter even if investo...
I do have a response for one of my listing for lease. The interested person is ‘Single’ and work as club dancer (I do not have any details yet about the kind of club). She also have 2 pets (it doesn’t bother me and sh...
Hello BP,I have a fourplex in Tucson that I bought a couple years ago now. I’ve been renovating it and am almost done. I asked my CPA about bonus depreciation and doing a Cost Seg study on the property so I could get ...