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Hello BP,If I take a HELOC on my personal residence, can the interest on this loan be tax deducted? The funds from the HELOC will be used to purchase additional investment properties.Thanks
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Hi BP community! Just following up from my introduction post. I ended up purchasing two properties the same week and have already started renovations on one. The first property is in Cincinnati OH (Madisonville area)...
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Curious on your opinion on short term rentals versus mid-term rentals? While short term rentals typically provide higher cash flow, mid term rentals help to provide stability. What type of rental do you prefer and why?
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I'm in the process of buying a 4-plex. It already has a coin op washer and dryer installed. What is the normal charge per wash and dry?
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My tenant called me last night and said that her daughter plugged in an iron in her room and that it somehow set off the circuit and there is no electricity in her room. She said that they unplugged everything in ...
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So there is an apartment building with about 25 units in it. I know the owner, she actually watched me grow up. She is getting too old to keep the building. So I presented to my significant other to possibly buy the ...
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I am trying to research more about investing in Indianapolis. On home facts it says that Indianapolis has a high crime rate. should I stay out of that area and find something on the outskirts? Could any investors in...
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Hi guys, first post here. Site has been great so far. Here is my situation:In September of 2014 my parents made me the beneficiary and Trustee of an Irrevocable Trust. We put their house, which would sell for roughly ...
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Hey Everyone,I wanted to get some input from all the Renters and Landlords here on BP. I'm currently a renter and moved into a newly constructed apartment a couple months ago. It is a small one bedroom but the quality...
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In my area, water providers are allowed to place liens on the property if the bill is unpaid. I've had tenants skip out owing water bills. So, on the most troublesome property I've kept the bill in my name and requi...