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Hello I'm new to this forum here, made an account today. I'm 20 years old have a job with decent income for my age and living at home so I have virtually no bills. Both of my parents own their own business. My mom a h...
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Hello BiggerPockets Community!What extra addendums do you add to your leases?I'm finalizing my first lease in NC and I want to ensure I'm adding in all the applicable addendums. I've already added that the rental insu...
It seems like my current rehab is taking longer to complete and more money to get it completely done. I recently bought a property near Pearland, TX and the rehab has been going on for almost 3 months now. I thought...
Hey everyone! Sorry for the lengthy post but I just signed up and I am excited to see where this journey takes my family. My name is Paul and my family and I are moving to Greenville, SC in 2 months from now.A little ...
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Need your help BP,Analyzing the potential refinancing results of a value add multifamily property. Purchase price $1,000,000Units: 20Average market cap rate 6%The apartments appraised at $1,050,00 using an income appr...
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Rehabs alone do not accomplish value.Regarding rehabs, I've found that only some items add more value than they cost. The market discounts the price of the rehab. In my experience, for almost all items, whether it's a...
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Hello all!I bought my first primary home last fall. It was a rental home and my agent convinced the previous landlord to sell it to me. It’s a cute 1950s bungalow in south Warren, MI, but needs a new kitchen and bathr...
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If you put your previous home up for rent (10 years old), can you depreciate the appliances, and fixtures separately even if the the appliances and fixtures are not brand new?Thanks,Justin
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Hi all, I own a duplex in Queens and our family both live and rent the property. My family is planning to move out of the neighborhood and rent out the entire building.
I'm unsure whether the house will become an ...
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Just got a bite on an off market 48 Unit Complex. Details:- Built in 1986- $780k in renovations since 2017 that include: new blacktop, all new roofs, new windows, new sidewalks, new landscaping, new on-site laundry, n...