Paul Amegatcher
A $12K wholesale deal 6 months in the making.
This deal started in July 2016 and required a lot of moving parts. Here is the back story on the property in question. The previous owner purchased the property for $132K in 2005. He had some financial problems dur...
Darren Landerway
Why is it advised to find the deal first ?
Hello,
Newbie here trying to absorb as much knowledge as possible. So I've listen to BP for a bit now and there is a reoccurring phrase I hear not only from the host but other investors and that is "get out and find...
Cristina Ruffini
Hot market: sell or rent?
I own a condominium in San Diego I have low mortgage payment and it would cash flow nicely. I also have quite some equity. Should I keep it and rent it or should I sell it and with the cash buy something later when ...
Jamie Banks
MTR Operations + Lessons Learned
When I started my MTR journey in January 2023 I would never have guessed that less than a year later I would manage over 20 MTRs and have over 80 MTRs total in my company's network. As I've grown my MTR business, oper...
Stuart M.
Expense Real Estate Taxes on Sched A before in-service?
Can you put the real estate taxes on your schedule A while the property is undergoing renovations, before the property is placed in-service? I was under the impression that you cannot, that they must be added to the ...
Sunny Burns
Tenant wants Vanity Upgrade - Should I go in 50/50?
So my tenant has been asking about upgrading the vanity in her unit. The current Vanity is a small 24" vanity, it's not in bad shape, but I agreed a 30" vanity would be nicer in that space. So far I've told her I migh...
Joshua Gordon
Rich Dad Poor Dad training
There is a Rich dad Poor Dad training seminar here in Jacksonville coming up soon. It is free of charge. Is this a good training or is this a scam? I only want to go if it will teach me something I need. Anyone ev...
Naoko Potts
Clogged kitchen sink
My tenant texted me to let me know that he is experiencing kitchen sink being clogged.I’m not familiar with the pluming work but I would like to give a try. He lives there 6 months and he told Drano didn’t work.Did yo...
Steven Maduro
all of my fancy renovations payed off but one in particular sealed it
Ok for those of you who have read my posts I am a rookie land lord
and I put some pretty fancy doo dads in my rentals
they are c rentals neighborhoods that are a little sketchy There are bars on all the windows I t...
Mary Jay
Depreciation Calculations-please help to figure it out
Hey guys,
I feel like Ive always struggled with depreciation concept...
So, Ive been googling it, and here is what I found:
Let’s say you buy a single-family home for $200,000. The tax assessor’s estimate of the la...