Account Closed
Potential Red Flag
Hello BiggerPockets!I wanted to reach out for some help about a potential red flag. I found a home in my target area (Ohio), it is just way overpriced. It is priced at 157k and was recently bought in 2012 for 70k. ...
Michael Pham
Referral Fee
I am a licensed broker, I have a friend that is looking to buy a large Multi-family facility. What is the process of handing this lead off to a commercial broker? I am asking about the specifics of a referral fee,...
Stephanie Pineiro
Tenant suggested improvements
Hi! My question is regarding tenant Improvements and liability. Recently our tenants have asked us if they could remove the carpet in the living room. They asked to meet and presented us with laminate flooring options...
Ty Gordon
Approaching banks in early stages
I’m looking to dive into real estate in the next couple months, probably via fix and flips. My starting liquid funds are about 100k cash, 150k HELOC, and 250k in a self directed IRA. I’d like to form a partnership wit...
Adam Creighton
Ignorant Question on Future Appraisal/Valuation of House
Hey Everyone,I recently purchased my first house in the South Shore area and am going to be doing a lot of the work myself. My first project is a small bathroom remodel, followed by another smaller bathroom remodel, a...
Ryan Wamsat
Depreciation on 1 unit of a fourplex
I read somewhere (couldn't find it again, for reference) that if I replace an item, such as an AC, in one unit of a fourplex, I can capture 100% depreciation in that tax year. The logic being that I replaced only 25%...
Sean Salandy
Danger in Using Home Equity Line to Purchase Real Estate
I am planning to use my home equity line of credit that I received on my primary residence to put a down payment on a rental property. During the application process for the HELOC, I told the bank that I would be usin...
Clint Nelson
Are foundation issues a tax write off for rental property?
The house I am living in right now has foundation problems and they are coming on the 4th to repair it. My question is that I am definitely moving, and I am looking at renting it vs selling it. If I choose to rent it ...
T.J. Isaacs
Tenant wants to add fence at rental
We have a tenant that has two dogs and would like to add a fence at their expense. How would add to lease? Should it be an Addendum?
Johnathan Karl
Investment Property Financing right at 50% DTI
Hello All! New to BP and have a few questions about expanding my portfolio. I recently purchased a new home in May using a VA loan @ 0% down. This home is my primary home, but it does have an apartment in the basement...