Matthew Chalfant
What should I do with Pre-tax profit?
I have a duplex that I am house hacking and just got the other side filled. I have received the first rent check from my PM after their management fee. It is $850. I do not yet have an LLC set up for the property and ...
Chadwick Hill
RV Park Analysis - looking for feedback
Hey all - first time poster here! I’m in the process of closing on my first RV park and wanted to get everyone’s thoughts on the overall deal and see what I may be potentially missing here.The property is selling for ...
Abel Guillen
2/1 on Public Record But has additional 2/1 unpermitted
Hello BP!Any pitfalls I should be aware of on a SFR with unpermitted additions to the house? Public record on a property I like is listed as a 2/1 but really has an additional 2/1 that looks to be without permits. An...
Aram L.
BRRR.. and Refinancing when you're Self-Employed
I'm looking to own multiple properties. I have about $150k to start but want to apply the BRRR method. Only problem is I show as self employed on my tax returns What do you do to get over this hurdle?Like many people ...
Johnny Mack
Trying To Save This Deal !!!
I posted before about being an airline mechanic in PA and the massive furloughs in the industry, here we are. I'm officially off the payroll and my lender and the seller dragged things out 3 additional weeks to where ...
Ward Hubbell
Bedspreads and bed coverings
what's best advice on maintaining bed covers between guests? Do you wash the bedspreads, comforters, etc... or is there a better way?
Stephanie Mccolaugh
Non permitted renovations
Interested in buying a multiplex in a great location. Its an old property that was recently renovated. The price is close to the max of my comfort level, and after doing some due diligence I realized that the renovati...
Alex Smith
Should I use a General Contractor for my first Rental?
Hi Folks! I have a two unit duplex opportunity, and have painstakingly put together the numbers and contractor bids for everything that needs to be rehabbed. I have all of the subs that I would need do the project. ...
Brad E.
BP leases - Additional insured vs additional intrest
I've been using and old lease that another landlord gave me when I was getting started. This year I decided to buy the Bigger Pockets state specific lease package because there were some areas in the old lease that I...
Justin S.
Retire on cash flow or cash out refi every 5-7yrs
I’ve talked to a few people with different takes one this question. If I’m looking to retire on my rental income, should I try to pay off properties ASAP and live off of cash flow or not worry about paying them off a...