Rollan Dizon
Duplex in Indianapolis- Good deal?
BP Fam!I am considering a Duplex in Indianapolis and wanted to get your thoughts. Here are the numbers:Purchase Price 89K2x 3/1.5 1220 Square feet eachFully Rented: Gross Rents 1300, 650 eachFully rehabbed Market Val...
James Ellis
investing in Commercial properties questions
I have thought of buying a commercial property and have a couple of questions. Lets say I see a property for $1.2M for a first floor in a commercial building. A commercial lender requires 25% down ($300K). Should I be...
Jorge Velasquez
My boyfriend is moving in !
Hello,Tennant wants to move her boyfriend in rental unit. Lease states she needs written permission from me to do so. She is a great tennant, don't want to loose her. What precautions should I take ...do I need to put...
Nick Longstreet
Can I evict tenants?
Hey everyone.I'm looking to buy a duplex in Knoxville, TN. I'm leaning toward house hacking it and would prefer to get an FHA loan for the lower up front down payment since it will be my primary residence. Both units ...
Jason Kim
Whats wrong with doing your own rehab on an investment?
I hear quite often on the BP podcast to not do your own rehab work and to not self manage. But other episodes contradict the other by stating the opposite. To build sweat equity and increase cashflow via self managing...
Stacey So
St Louis SFH, turnkey investment
We are under contract to purchase a SFH in St Louis as rental property from a turnkey provider (Memphis Invest/REI Nation) for $125k. After a low appraisal ($70k, later went up to $90k upon contest), we changed lender...
Brian Ellison
Change Property Type Residential to Multi-Family
Hello everyone!Has anyone been through the process of changing a residential property to a multi-family property? I recently found a multi-family property I've been eyeing is zoned for residential. I would like to wri...
Ashley Tulare
Mortgage Options for Investment properties
Hello! I have a home in the Denver area and am looking at options to purchase a second with hopes of making this one an investment property. I don't love my current mortgage broker so I am looking for rec's on invest...
Brian Scott
CPA help: Report Rental Loss on 1040
2021 is my first year as a landlord and to save money I'm doing taxes myself for the first couple of years. To avoid doing anything wrong I wanted to double check a few things. Can any CPA's answer the below? I've sco...
Jimmy Chao
what do do about utility theft?
I have a spigot on the outside of my building, and the residents of the building next door keep stealing my water, despite having access to a spigot of their own. I have come up to the building multiple times to find ...