Nathan P.
$10, $20, or $30 per sq/ft tool
A contractor in my market told me the other day that he uses the following tool to roughly estimate rehab costs before he actually goes and itemizes everything needed on a rehab.$10 sq/ft-carpet, paint, blinds, cosmet...
Alina Trigub
Need NJ realtor to pull comps or an alternative to comps for MFH
Hello BP community,I'm considering buying MFH in Northern NJ. It is a 5-family house that I can across through a wholesaler. I'm interested in buying but struggle as what to use as a baseline to calculate my offer. Fr...
Liz C.
Anyone set up Wyoming LLC themself
Hi all,
I have a Wyoming company that a company set up for me.
I decide not to use their service , but they told me I have to find someone ASAP to be my representative in order to keep the anonymity going.
I wander...
Annette Hibbler
Using AMPS (Assignment of Mortgage Strategies)
I'm very intrigued by the concept of using AMPS to build my own portfolio as well as sell property quickly and easily using owner financing, with very little outlay. Was wondering how many investors have actually uti...
Troy Forney
repair write offs and taxes
So I just met with my accountant and according to him I made $11,000. in income off 2 properties full year and 1 for 3 months of 2016. After interest, taxes, insurance and depreciation, I am still showing $6,000. I ...
Erick Garske
CPA Comfort Letter
My lender is requesting a CPA comfort letter. Has any had experience with a lender requesting this type of document from their CPA? Has your CPA been reluctant to provide such a document due to the perceived liabilit...
Chad Lundquist
Large dog deposit / monthly fees
Hey BP family, I was wondering if anyone had any advice on allowing pets (specifically large dogs) into their rentals. We have a policy that we only allow dogs up to 50 pounds, but one of our tenants is moving out and...
Shireen Y.
Any advice from a California Landlord that's recently undergone an eviction?
I'm learning some hard lessons on my second rental property purchase here in California. I inherited 2 tenants that have refused to pay rent since closing on the property in late October. In late November I served a 6...
Michael Rutkowski
What do you do with this property?
I've got this property on my mind which has been keeping me up at nights. I want it so bad, but there is really nothing which can be done with it. Let me explain.The BAD: This is an 8 unit mobile home park, of which h...
Erin Stephens
New investor from Baltimore, MD
Hello,My name is Erin Stephens and I am starting out as an investor in Baltimore County, MD. Just had my first accepted offer this week, woo-hoo! Property is a 3BR/2BATH townhouse in the Essex area. Hopefully I will b...