Brock Hoffman
Michigan RE License Rules
Do you need your RE license to buy and sell RE and make a profit off it in Michigan? If I would rather use a realtor for veiwing, buying and selling properties anyways, is it at all beneficial for me to get it? I woul...
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HUD standards - Louisiana landlord
Before I call housing authority to ask. I’ll like to know what a/c standards do they require. Is it a/c window units or only central air?
Michael Vigneault
Splitting utilities in a 5 plex?
I'm wondering if anyone has advice: The water utility is no problem - divide by # of people in each apartment, add into rent. Each tenant has his own electric bill.Gas is the issue - only 3 apartments have gas, all w/...
Lindsey Iskierka
203k Loan + Private Money for a Deal, Seller Believes It's Fraud?
Hey BP and Happy Friday!My husband and I are in the process of buying our second small multi-family here in Long Beach, CA. We have our eyes on a duplex in Long Beach that will have room for our growing family plus g...
Eric Gorostiza
Cost segregation study, yay or nay?
Hi everyone,Just closed on my first rental property (new construction), wondering what everyone's thoughts are on obtaining a cost segregation study for my property. I'm not 100% sure if I will qualify to be a real es...
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When to replace A/C & Furnace?
Hi all! I'm new to BP and was hoping to get some advice. I have a 25 year old single family home with its original A/C & furnace. The A/C unit is pretty rusted outside but still functions. However, my tenant notif...
Ty Whitman
Renters Insurance
I'm getting ready to rent out my first few rental homes and have been on the fence with the subject of requiring renters to get renters insurance. It seems like many leases I have looked at require it, but I fear tha...
Michael Shea
DTI: Rent by room income on schdule E
I'm contemplating renting out an investment property(non-primary residence) on a room-by-room basis with separate longer-term leases for each bedroom. I'm curious if the income from these rentals, listed on Schedule E...
Robert Ablorh
Roof
Hi, I have a roof that need to be change, but any time i request for an estimate they come back and give me options. They said i have one layer and i add another layer to it, do any body recommend this. It's a rental....
John Casmon
How Do Pre-Payment Penalties Factor in on Your Loan Decision?
Most investors I speak to focus on the interest rate and LTV (loan to value) when seeking a commercial loan. Unfortunately, many are not paying as much attention to the pre-payment penalties. In today's climate I know...