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We bought a small multi-family bldg out of town, & have a property manager that we've used for other properties. Some tenants are holdovers from the previous owner. There are some small utility charges we pay in ...
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I have a situation concerning tax deed sales in Florida. I'm going to be bidding for a tax deed and the property that I'm going to be bidding on was also purchased from a tax deed sale. The property is located in F...
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How is the capex reserve fund handled tax-wise in an LLC (or S-Corp)?Over the year, a portion of the rental proceeds are siphoned off into an account for future upgrades (roof, furnace, rehab, etc). Does that count a...
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How much cash reserves should you keep for a triple net lease? Do you try to cover your monthly expenses for X months for when you have to find a new tenant? Do you base it on the building cost or size? I'm trying to ...
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We have 7 properties. Historically we have had tenants put all utilities in their own name. We have recently encountered a problem with the Louisville Water Co. They have done some work on a street one of our prope...
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I am researching various HML's and learning that most will only pay on the repairs after they have been completed. This makes sense for any work that is being done by a contractor, but what if you are planning to ...
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Hello, BP Community!I reached agreement with a seller to buy their 12 unit building at a very good price, but the property is located in an area where I'm required to have windstorm insurance because it's location clo...
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Hey BP investors,I have decided to do a deal with my local city that includes HUD funding. I will build a 4-plex modular unit, each 3 bed 2 bath. I will live in one and rent out the other 3. The city will reimburse...
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Hello everyone-We have a Single Family we are renting out in a very rural part of upstate NY.We had a septic main line go out and had to have a contractor repair it in between snow storms in 8 degree weather.This repa...
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I am a few years away from buying my first house, and am wondering where to save up for that. Currently, I invest through Betterment with a general investing plan and a Roth IRA, and I also contribute to my employers ...