Michael Garcia
Security Deposit
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...
Andrew Hofing
How do you do renovations to units on fully rented apartment building
We are looking @ purchasing an 8-unit townhouse. It is going to be a value add property. The rents appear to be on the lower side and can be raised over time about $100. One of the units has been renovated with a n...
Tyler Frost
Tips for New Cabinets
I am currently building 3 spec houses. All 3/2 with about 1,400 sq ft. These are my first spec builds, previous experience in in flips. I have never had to replace the cabinets in any flips so this is my first experie...
Jamie H.
Need objective opinions - 1st timer, great ROI prop but with risk
Hi there, I'm an aspiring investor looking for opinions on a potentially great opportunity that's right in front of me.Several years ago I inherited a 50% stake in a SFH in a small town (population ~10,000) in SE Minn...
Timothy B. Dunn
Turnover cleaning of bedding
How does everyone handle cleaning the bedding during turnovers? Does your cleaning service stay at your units long enough to wash/dry the comforters before making the beds or do you have a second set that can be put ...
Kyle Carter
Can I use the 1031 exchange to buy my primary residence?
I would like to sell a couple properties in the future, would I be able to use the 1031 strategy to buy one house that I would use as a primary residence? Would I be able to sell 10 houses in a package and use that to...
Kenneth Jenkins
Maintenance Expectations in Metro Detroit
This is just a brief post to give some insight into the local maintenance costs in the Metro Detroit area. Maintenance costs are a huge factor in the profitability, or not of any investment property. A little backgr...
Nina Erlandson
Has anyone used Obie Insurance?
Hello fellow investors, I am currently using Farmers and Foremost Insurance. However I ran a few quotes on Obie Insurance (geared specifically towards landlords) and for only the 4 houses I checked, I am saving 1,5k a...
Prabodh Kumar kandala
Owner occupied HUD Minimum bid
Dear Amazing BP Colleagues,Wondering is the minimum bid that would get accepted on to be owner occupied HUD property?I am planning to buy my first home and we found a good home which does need some rehab. It is alread...
Jack B.
How to depreciate new roof in this scenario?
The house was a primary residence, then a rental, and now I'm living in it again for now. The roof needs to be replaced. If I replace it now while living in the house, can I begin depreciating the remaining life of th...