Lisa Marie
Real Estate (especially STR) is not a get-rich-quick scheme
I am by no means an expert or even a veteran in real estate, but I have been on BP for a while and can’t help noticing that more and more people are coming on the board with a question like “I have decided to get into...
Scott Rogers
Furnace Eyesore in Rental
Hello all,
My property management company is having some trouble renting out one of the units in my recently acquired duplex (It doesn't help that it is the dead of winter in Wisconsin, lesson learned). Another of t...
Sean Kuhn
Preparing for an eviction
I have no evictions yet, but someday I know it will happen. What do you guys do to keep ready for one? How do you prove the tenant isn't paying now and what evidence to you keep to be ready for one. Can anyone walk...
John Anderson
HELP: Tax-Write-offs or limiting losses w/ high day job income?
Hi everyone, I need some tax and legal advice in my situation where I have been incurring a good amount of unexpected expenses, and after some research tax rules seem to allow up to $25K of write-offs a year, but is p...
John Cornelius
The same-day-turnaround thread
Hey everyone,Let's discuss the pros and cons of the enigmatic, lucrative and tight-rope-esque SAME DAY TURNAROUND.What are your tips, tricks, strategies and stories regarding the practice of renting your STR on the sa...
Joseph Greer
building funds to buy rental home
Hello all, I recently discovered real estate investing and so all of this is very novel to me. Since I have discovered this world I have become determined to buy homes and rent them out. However, most homes in the Pho...
Joshua Dorkin
BiggerPockets Crosses the 1 Million Forum Post Milestone!
A few minutes ago, we officially crossed the 1,000,000 Forum Post Milestone here on BiggerPockets!I'm completely blown away by this community and I want to thank you all for your participation over the last 9+ (10 on ...
Darryl S.
Property Basis Calculations
Calculating Tax Cost Basis Question: I would like to use the amount that my property deed was recorded for at the courthouse recorders office as my tax cost basis instead of my closing HUD statement amount. Can I use ...
John McKinnon
How is lead paint effecting your area?
I recently learned that NH has passed a law requiring property owners to abate any lead paint if children in the home are tested as lead poisoned. At the start of the school year, all hidrem are now going To be teste...
Joseph Sherer
MAGIC ELF? Property owners-managers with fewer than 10 units: what would you do with a magical elf?
Hey BP community, Do you own anywhere from 1-10 SFH, duplex, triplex, quads or other properties that you manage yourself? If you were gifted an elf that could tackle only one job, what would you have the elf do to...