When you are demoing or renovating a building where you tear out HVAC units, lighting, and other components, these assets are considered retired or abandoned from the building. Therefore, the book value of these asset...
I will be using my wife's uncle to handle the "skilled labor" portion of my BRRR project. My concern is: he tends to be a little pricy in his quotes, however, the work he performs is top-notch, and he's always bring...
We just started a rental property business. We have purchased 2 homes in our personal name. Both properties will be deeded over to our new rental property LLC. The mortgages for both properties are in our personal ...
Hi everyone, I am a beginner in real estate investing and have no real estate in my portfolio but I am hoping to close my first deal in 2022. Look forward to learning from all of you guys
1. I am based in NYC and ho...
Hi all, happy new year! This is my first post; please let me know if I posted in the wrong area or provided too much/too little/inappropriate info.I’ve found a property that I would really like to add to my portfolio ...
Hello, REI Gurus! I'm new to BP and I'm hoping that this community can provide some guidance as we navigate a current tenant situation. My husband and I own a property in SE DC that we rent out per room, a shared hous...
Our family found a nice place to get together. We live cross-country, are parents w/adult kids in medical fields. We are very COVID safe (N95’s, outdoor eating, distancing). I found the PM trying to convince me in sev...
Im buying a home in Texas as a person place and then planning to start buying properties. I’ve got another post on business plans so thank you all for that! I’ll respond soon!! But another question, getting loans with...
Hello BP users, I'm trying to compare if I need to use http://www.city-data.com/ or https://www.neighborhoodscout.com/ for in-depth market analysis.I know Neighborhood Scout is a paid service and probably shares bette...
Would you guys ever make an exception for a pretty low credit score if the persons income was stable as well as pretty high (8X the monthly rent)?