Alethea Sealy
Late fees in Detroit, MI
Hi, I have an argment with an investor friend and need some clarity also to be a just landlord. So, when I started I copied the template of a lease from a property manager. It stated $50 charged if rent received on th...
Chris Terry
Zoning in Philadelphia
Hi, does anyone know the process and the length of time it may take to convert an RM1 zoning to a multi family (duplex, triplex) zoning in Philadelphia?
Yogesh M sayanakar
How did I do on my first investment property?
Hi folks, I recently closed on a new townhome that I purchased at $302990 and rented it within less than a week for $2100. I did secure an 7/6ARM for 6%, and plan to be able to refinance within the next few years to a...
Joe Mansfield
Advice on first property and developing a strategy
Hi all, I’m new to real estate and am trying to develop a strategy to best achieve my desired result. I feel like the biggest detriment to my financial picture is paying almost 40% in taxes (single with no dependents)...
Zachery Beutler
(HELP) Seller Financing- Rules, process, and opinions
Dear BP Experts,I recently stumbled across the Bigger Pockets podcast and have been hooked ever since! This is my first post on the forums so bear with me... Details - I have a friend (whom I trust) that let me stay i...
Farnaz Mehran
small lot subdivision
Hello Members,I am going to buy a house in the zone where it is allowed for a small lot subdivision. To buy a house I am going to put 20% cash and the rest I am going to get a mortgage. As small lot subdivision permit...
Bradley A.
3-Flat repipe, galvanized to copper. Increased value?
Looking for insight on whether or not repiping our Chicago three flat from galvanized to copper (PEX isn’t allowed) will add any significant resale value.Repiping is on our less urgent list of necessary maintenance it...
Raquel Baranow
IRS Audit, Should I be Worried?
I made "mistake"? on prior 1040 by listing my business expenses on Schedule C. (Makes sense, business deductions on Schedule C.)
Now I'm told I should do it on Schedule A so I filed amended return with deductions -- ...
Angela Doyle
Electric heat without ductwork
I will be closing on a four-plex tomorrow that currently has old electric wall heaters installed in each apartment. What would be the most cost effective and smartest move for a rental to update the heat system? I do ...
Leanne Robinson
Buying real estate in Detroit?
Has anyone ever invested in Real Estate in Detroit? Is there potential ROI? Or will I be wasting my time? Please share your experiences and thoughts?