John Smith
Owner financing and taxes
In a situation where somebody owns property free and clear and sells it to a friend and agree to non interest owner financing , what they need to report anything to IRS besides that one sold the property and the ot...
Michael Noto
Running Diary of a 4-Family Rehab in Central Connecticut
My business partner and I are closing a 4-family rehab property tomorrow in Central Connecticut. I will be using this thread to post what we go through on a daily basis. As soon as I can I will get some before pictu...
Gulliver R.
When can I start billing back the water and sewer bills
Okay so I'm about to close on a property with 36 tenants. My plan is after closing I'm going to install water sub-meters so I can bill back the water and sewer bills to the tenants. I will send out an Addendum (with s...
Harry Lin
Tenants wants me to install a fence
Tenant wants us to install a fence in the backyard because his car got vandalized. The way he positioned it is that it could be the House next time. This is a bad tenant who knows how to play the system. He recently l...
Ericka G.
Allow tenant to install DISH?
One of my tenants has asked if she can have a satellite dish installed by the cable company and needs a note from me granting permission before she can do it.
Do you folks allow dishes on your properties? This is th...
David Mitro
Is this a good deal for me? Pros and cons Subject To
I own a quad that doesn't fit my portfolio anymore so I'm trying to sell it. I have had it listed since July, with no offers. I've lowered the price twice, each time by $10,000. I reached out to someone today who sent...
James Masotti
Need help and direction on estimating flip analysis
Hey BP - I sent out my first round of direct mail and started receiving calls today. One of the calls is very promising, but it's very different than anything I've looked at before, and was hoping that you could all h...
Spencer Cornelia
How do you calculate capex and repairs?
I've begun running numbers on properties and would like someone who has experience to lend a helping hand. For properties that are basically turnkey, already renovated, and appear to need very little work, I've been ...
Sam Booth
Turn Over Costs and Ways to Reduce it
Hey everyone!I just purchased my 3rd single family rental property in Alabama (Out of State!) and the first 2 rentals are going great and the property manager is doing a great job, including fixing a few things for me...
Paul Winka
Basement now waterproofed, need help making it look great again.
I just recently had my finished basement waterproofed and need help figuring out what my options are for making it look pretty again. The floor had ceramic tile and a vinyl baseboard. The tiles adjacent to the wall an...