Rob Smith
Exit strategy for buy and hold
What do you do with your rental properties when the roof, AC, and other major component start failing on a long term 30 year loan, buy and hold real estate investing. I'm looking for exit strategy advice on this scena...
Account Closed
Sewer Line Repair
What have your experiences been with old sewer lines? When have you decided it is definitely necessary to replace them? I have a unit that was really backed up and likely hadn't been serviced for years and years. A...
Greg Balue
Comparing General Contractor Bids
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., ...
Kassandra Ortega
[Calc Review] Help me analyze this 4-Plex
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...
Maggie Hawley
10 unit apartment, is this a good deal?
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 ...
Derrek J Hooyman
What are the best ways to get estimates on contractors before buying a property?
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 However, the bathrooms were outdated.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 ...
Julio Gonzalez
Multi-Family Properties and How to Maximize Returns
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 ...
Scott Hollister
HELP: Need to teach owner about benefits of seller financing 1031
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...
Pierre Royce
1031 Exchange Question
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...
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...