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I have two deals under contract currently with 10 days left during the inspection period. One for $55,000 (1800 sqft) and one for $100,000 (1400 sqft and an attached apartment). They both need a new roof and one needs...
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Hi All - Can anyone share their method of accounting/bookkeeping at the start of their real estate journey? I'm wondering if I need to purchase Quick Books Pro with only having one property / fourplex or if I can jus...
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Hello... In doing a lonnie deal, after you have purchased the mobile home and now you are trying to sell it.(with financing) What are some exit strategies if you can not re-sell the mobile home???
When converting a property from personal use to a rental property, I understand you use the lesser of the adjusted basis (AB) or FMV. I've looked at comparable sales in the neighborhood at around the time of conversi...
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I recently began house hacking and have about an acre of yard to play with- right now it is bare and no grass. What would be a good (and not excessively expensive) method to make this presentable for tenants to use an...
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Hey there! I want to introduce myself and say how excited I am to find this forum! This is such a great way to stay current on the industry, and listen to advise and opinions of others who venture in this exciting p...
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Hello BP. Hope everyone had a wonderful holiday. One of my NYR is getting more involved with REI and BP forums, so here it is.How do you guys manage your REI bank accounts?From what I understand from previous discussi...
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My team and I have found a multi-unit property in Columbus Ohio and we want to put an offer in for the property. However, we do not have the financing necessary at the moment to close the deal and do the repairs. Any ...
Hey bigger pockets members, my name is Micah and I am new to bigger pockets, I am in contract to purchase a duplex to house hack and save on expenses, what would be the best way to start the brrrr approach, I make abo...
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Hi all, I'm new to this forum and the landlord gig. I've been at it since last
June and have had pretty good luck thus far. I'm 24 and have a lot to learn. I bought 5 properties in a 6 month span last year. 3 of...