I understand when starting with rental properties, one preferably wants a rental property that is near them for the ease of management. Being active duty in the military, I move around every two to three years. Is t...
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Hello BP.Are properties that need cosmetic work, i.e. updating kitchen, bathroom, new flooring and paint, a high risk as far as getting your money out of it? I'm looking to do my first flip and would like to use conv...
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On Friday I’m set to close on 7 rental properties (3 vacant 4 rented) with the four tenants in month to month leases. So a couple of questions....Should I have the current tenants sign a month to month lease with me u...
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On rehabs, I often go to Craigslist to find a quick inexpensive worker for demo and small jobs. I haven’t given it too much thought until recently but what type of forms should I consider to have them fill out to star...
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I'm just getting into real estate. I would like to know what's the best way to start .Is wholesaling the best way to get your foot in the door ?
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I see tons of the same examples on depreciation recapture. My question is if i replace an appliance and depreciate it over 5 years does this need to be calculated into my depreciation recapture if i sell the property ...
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So I signed a lease with my landlord and it states I have to get insurance through a specific insurance agency and to list him as additional insured. Is this legal? Shouldn't he have home owner insurance for this? I a...
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This is our first month of collecting rent on our first rental property. Rent is due on the 1st of the month, which on this month fell on a Sunday (9/1), then followed by Labor Day (9/2). I called our property manager...
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Hello BP community, thank you for taking the time to read my first post!I have just started on my journey of REI, as my wife and I have started looking at buying our first property, hopefully around next summer. I hav...
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I only have one rental property as of now, so I’m still very new. I am ready to get my next property, however when it comes to buying from a wholesaler I am extremely nervous. I see so many wholesalers with “deals” bu...