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So I purchased a "Turnkey" single family home in Detroit (specifically Taylor) last year. Things started going south almost immediately. Rents were late almost every month, then the renter decided to move out, and sin...
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My tenant was notified in November 2022 that I would not be renewing their lease which was due to end in March 31, 2023. They just informed me now (March 2, 2023) that one of them is having open heart surgery (pre-pla...
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I currently live in New Jersey and decided an out of state investment would be more affordable. I purchased a property in Baltimore which needed a total rehab. After a year of renovating the property and having a hard...
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So I have been saving for some time and I feel like I am finally ready to take the plunge and invest in real estate.My goal is to purchase a property (probably a SFH) and rent it out long term. I want to grow my portf...
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It appears the only way to make a househack work in Austin is to build an Accessory Dwelling Unit in the backyard. Prices are very high for anything with 4 miles of downtown. I'm thinking buy a rundown house in east A...
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Hello BP, this is not really a "how do I get started" question so much as a how do I finish getting started question. I began to pursue commercial real estate about a year ago when I realized the SFR market here was s...
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Hello BP community. 2018 was my first year investing in real estate. I was hoping to see some tax benefits, but my CPA sent me this note:"And what I suspected did happen related to the rental. Your income was too hig...
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Hey BP! Looking for some input on an inspection report. I am under contract to purchase a 4 bed 1.5 bath row home in Philadelphia. This is my first home purchase, and I have little to no experience with real estate, c...
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I am living in the Bay Area (South Bay). I have been researching Sacramento and even been there 2-3 times looking for houses.Then I noticed that Tracy's rent to price is just a little bit worse than Sac, while being ~...
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Hey everyone! I'm closing on my first property next week (finally!) and I've been advised by some friends to go the LLC route. It's a triplex, and I do plan on purchasing more in the near future. I guess my question i...