Account Closed
What are your thoughts on buying a property built in the 1940s as a newbie investor?
Hello BP Community! I am considering acquiring a 3/2 SFH in the Midwest to BRRRR and hold long term. The only issue is that it was built in the 1940s. I am interested in hearing your experience/opinion with homes this...
Randy Mattila
23 years old and newly married.
My wife and I purchased our first rental property 6 months ago. We acquired a fourplex. We live in one unit and rent out the other three. It has been an incredible learning experience for us and we are looking to r...
Corey Grant
Advice on a "Package Deal" Please
Long story short, I have an opportunity to purchase 10-20 single family rentals. I currently have 4 units, a duplex and 2 single families that we have run for the last 8 years.My questions are along the lines of:1. ...
Bill Coleman
Condos in Denver Metro - HOA fees paid by renter?
I am wondering if anyone else is seeing that some rents for condos are really high and some are really low for comparable units in the same complex and that these differences are driven by the concept that the rent...
Lee Miller
SFH to Duplex conversion in Chattanooga
Hi! Has anyone done this in Chattanooga? I see some larger single family homes in areas that appear to be zoned R2 that, at least from a physical perspective, seem like they could work for this. The goal here would be...
Ellie Perlman
Fighting COVID-19’s Impact on Multifamily Properties
I’d like to share with you what we’re doing with our properties to mitigate COVID-19’s impact on our properties, with the hope that you can use some of these ideas and strategies on your own properties. If you have ad...
Scott Trench
Intentionally Leave Property Vacant Due to Rent Control?
@Mindy Jensen and I were interviewing someone today for an episode of the BiggerPockets Money Show and the guy owns a condo in San Francisco (used to live there, now lives in Nashville, bought the place in SFO in 2009...
Anil Bansal
Investment in East Palo Alto
I have bought 2 SFR in East Palo Alto for around 800K and 900K and have rented both of them. They are both cash positive. This was during last 1 year. What do people think of East Palo Alto in terms of further appreci...
Will T.
First deal - Is it worth it?
Hi Team!This is my first post on Biggerpockets. I'm 24 years of age, just got settled into my full time career as an Engineer and now I want to invest in Real Estate. I have a deal on the line right now that I would l...
Bienes Raices
Determining basis of REO property (rental)
If you bought an REO property (to be used as a rental) that needed substantial repairs and the market value is higher than what you paid for it, how do you determine the basis for federal taxes?
I have been told vari...