Hi all,I am underwriting a potential STR property and I have some basic questions. I'm looking to add some features to the backyard to make the property more attractive as vacation rental. 1. fire pit2. outdoor sauna3...

I've read some marvelous advice here about a variety of topics, so I'm going to ask this question that is puzzling me about the tax deductibility of my rental expenses.I've been told that I can't deduct expenses due t...

Hi,I built a basement kitchen to add a unit in the basement, I didn’t get permits, just built it with local contractors and my own skills. Is it covered under my home insurance? do I need to call my insurance company ...

Hey BP community,Wanted to share my current House Hack situation plus gain input from the community on thoughts on how you would proceed given the situation below -- 
Background: 
Purchased a legal 2 Flat with 3 uni...

Last year, I made an off-market house purchase next door to me to start a BRRRR in an A quality tenant area. The seller/neighbor was interested in selling but staying as the tenant.  We worked out a sale price and ren...

I was set to close on my first home today. Last night, the tenants on the other side (duplex) caught the fireplace ablaze and caused substantial damage to their side of the house. The inspection report stated the fire...

So question is: When you are going into a deal, and have an investor helping you, when paying them back what they put in for you, what percent interest are you paying them back at? I know this must be a silly question...

So first, I'm new; keep that in mind.Started direct mail marketing 2 months ago and have sifted out a couple leads and saw a couple houses.  As of yesterday, I was about to get my first contract signed.  I have negoti...

Hi there,

Having trouble getting a grasp on what soft costs might really look like. This would hypothetically be a situation in which I'd pay all cash for a 150-300K house, then rehab and sell. Also excluding repair...

Hi all, I just discovered this site when researching how to handle my current situation, looks like a great resource! I'll post in the new member forum, but in the mean time, I am looking for some advice about our...