Hello, I'm thinking about purchasing either a coin operated car wash or laundry with good financials. My concern is that they are harder to operate than it looks. The laundry mat is in a mid-low income neighborhood ...

Hey guys,

I hope your well.

Does anyone have any experience with owning a gas station?

The station also includes a convenience store and the billboard hasn't been utilized for income. How do you e...

Hi BP family! So one of my tenants asked me if I can let her build a walk in closet. I told her that I would think about it. I feel like there could be a red flag.  She is a very good tenant but I didn't want to say n...

I always saw what the Bureau of Labor Statistics said about real estate agents. For instance, the newest stat for real estate agents is that the median salary is $49k (https://www.bls.gov/ooh/sales/home.htm).
I spent...

I bought a three family property almost exactly a year ago and the three gas boilers are about 15 years old. I live in one of the units and had to replace the water heater for my unit in July. Now the first floor tena...

Hey, I'm working on a spreadsheet and I'm wondering:

Does the Net Operating Income include deducting the costs for the "big items" that happen every so often, like roofs, parking lots, etc? I mean, if I set aside 3...

I working with an old landlord to sell his property. The property would be for $65,000 and the ARV after repaired would be approximately $428,000. The building is completed gutted and estimate for repairs is appr...

And good idea to give them back to tenants. The problem is the city is requiring a depreciation schedule for all components, not just personal property either. These forms are so complicated that an attorney is likely...

I am looking at a home built in 1900 for buy and hold. I would like to know, what are the dangers of buying a home that was built that old. The home looks in good condition. One thing I observed is that the steps of t...

Hello Everyone!I need URGENT advice with buying  a property.  I found a great deal with a flooded property near Houston, TX through a wholesaler. I have never done business with this wholesaler but the information on ...