I am soliciting proposals from general contractors for extensive rehab work on a rental property. What should I expect these proposals to look like?I asked GCs to provide cost broken down by individual project (e.g., ...

Hey, BP community! This is my first forum post and I'm very excited about it! :)My partner and I are looking into purchasing our first House Hack. A 4-Plex popped up for sale in a C-Class neighborhood. Only looking at...

Happy Sunday everyone. I came across a 10 unit apartment building for sale in a smaller city in Kansas. This area has several factories in the area that support the community. Each unit has 2 bedroom and 1.5 baths. I ...

I just started using the BRRR method.  I bought a side by side that needed a little work. I was not as familiar then with the idea of BRRing it.  However, the bathrooms were outdated.  Thus I will cash out refi after ...

Passive Activity Loss Rules
If you are a real estate investor that doesn’t qualify for REPS status (discussed in #5 below), understanding the Passive Activity Loss rules is crucial. Passive activity losses are those ...

Hello,Im working on an off market apartment complex with an owner. I know he wants passive income and I wanted to provide that value for him. So far I have these Benefits of Seller Financing: Higher Price: I can pay m...

Hey guys,I have a client here in Southern Florida who has just closed on their house 5 days ago. They received around 70k in profit, do they have to pay taxes on this amount or would this be a good situation to do a 1...

Inherited a 14 year tenant. She passed away. Family is asking for the security deposit. All the carpets in the whole unit need to be replaced. Is that normal wear and tear? I wasn't there 14 years ago when she moved i...

We were up at the lake this weekend. I picked up a property right down the road two weeks ago.   It hadn't been mowed this year (wife said just have someone clean it up) I had free help my brother and his wife were do...

I just received a call that my tenant's boyfriend just kicked in her front door. She is filing a police report. I am planning on contacting my insurance company tomorrow. Can I bill my tenant for the repairs? Boyfrien...