If I get a quote for a rehab from a contractor, they work the job, and then the job goes way over budget, what happens?  Is the contractor responsible for some or all of the cost, or does it all fall on the investor? ...

If you bought an REO property (to be used as a rental) that needed substantial repairs and the market value is higher than what you paid for it, how do you determine the basis for federal taxes?

I have been told vari...

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I'm looking to take the plunge and make my first investment in a multi-family propert...

Hi everyone.
Any advice on how to inspect a townhouse, in terms of what to check, whether I should move tenants belongings around to see the walls and floors, what tools to bring, etc. etc.?
Thanks in advance!
Paul

So… my inexperience definitely shows here. I had a tenant, let’s call him joe, move out on 8/24/21. At the time he scheduled inspection he was supposed to have everything out of the apartment and he did not. The inspe...

Hi BP!  My husband and I just went under contract for our first Multi Family property (triplex) AND it is another part of the state where we do not live! (first time buying outside of our area as well)I would love to ...

I recently completed my first year of being a landlord. The lease has ended and I owe the tenants part of their security deposit back. I had to have some repairs completed. Some things I had to sub out and have invoic...

Hello, I am a new BP member and am having a big issue with an out of state rental property.  I purchased a duplex in St Louis through a turnkey provider that was pre-rehabbed.  The contract included a purchase price a...

Hello BP members just wanted to reach out and say thank you to the mass of people that have shared some knowledge or helped me in the last few months just yesterday closed on my first official investment property (sec...

Hi all,A friend of mine moved out of their apartment in the San Diego area and moved into another apartment across town.  The landlord was given plenty of prior notice (over 30 days early).  The unit was already in go...