Hello!Trying to determine if I should continue renting out my house or sell it. Moved about 2 hrs away on short notice and had some friends of friends start to rent my house. They have just been paying me for what I o...
Ok guys, I bought my first flip back in late September. About a week from being finished. A guy knocked on the door and made an offer a few days later. I accepted, and we are now under contract. My question is this, i...
I'm looking working on permitting a small multifamily rental project in the Boston suburbs. It's an infill site, so the number of units is limited by parking and dimensional constraints, but it looks like we could get...
Hello, I was wondering what yearly percentage increase you guys use on leases. This is now on commercial property. I'm currently using anything from 3%-5%. I feel 3% is waaay to low, but those tenants are locked down ...
I keep all the receipts for the business expenses. Do I also need to keep the credit card statement or check copies in case of IRS audit?
Hello all! I am new to BP and to REI. Although I won't be getting started for a few months now, I am working to get a stable ground work for what will eventually (hopefully) be my RE business. I know of podio as a gre...
I am spending a fortune at Home Depot to get my rental house up to use. I understand I will add the cost of the new roof to basis, but do you all really add costs for leaky faucets, broken bathroom fans, nonfunctioni...
We are looking for a new primary residence, and want to turn our house into a rental. Can I depreciate our house based on current values instead of the original sales price 12 years ago? Do I need to get it appraised ...
Hey BP!I finished reading Your Money or Your Life a couple months back. Of all the concepts in that book the one that really got me was "enough". As I've been diving more into REI, the one question I've put in the dri...
I'm seriously pondering leaving my job next year or the year after. I was wondering is 10k enough to get into real estate investing?I could draw that lump sum upon resignation and maybe pick up a night job to keep som...