Qamar U Islam
Lighting - electrician vs contractor
What do you guys prefer to use for lighting work, a licensed electrician or a contractor. Electrician is a little more expensive but I think it might be worth the piece of mind. Looking to add a whole lot of recessed ...
Samuel Coronado
Getting ready to develop park
I am starting a park that will end up with roughly 20-25 lots on plot of land that's roughly 20 acres (including an existing 4/2 house). The house rents for $1200 month currently and will be able to get $1600 if renov...
Amer Swid
Need an advice on my inspection report!!Sorry Im panicking but this is my rental purc
Hello,So the inspection report came back with these red flags, the offer for the house was 300k, then i asked for 25k reduction and they take care of all the hazardous stuff but they said ok for 25k but you take care ...
Teresia Sayler
tax treatment for lease option income
What is the tax treatment for the different income streams from Lease Options? Is the Option fee self employment income (business income) when rec'd by a "future potential buyer"? Can the monthly income be "rental i...
Matthew Dunn
Smoking Tenant & Security Deposit?
Dear Fellow BP Community, I'm a new landlord and recently served one of my inherited tenants a 30 day vacate notice as I'm doing substantial improvements to the apartment. She just left the property on Sunday and I di...
Michael Glunk
Buy & Hold Deal Analysis Advice Needed
Hello All! I was hoping to get some thoughts on this deal that I am looking to buy and hold. Any thoughts are appreciated. Thanks,MichaelPurchase Price: $120,000Rent: $1,800 (It's currently under contract through July...
Daniel Thomas
Cap rate
I am just starting out. I currently own two properties and am looking to get serious and start growing my portfolio. Should I look for properties with a cap rate of 10? For example, purchase price is 84000 then rent s...
Lev Bass
Ok to ask tenants to pay part of new washer's cost?
The washer needs to be replaced. It's a front loader. Tenants prefer another front loader, which would be about $500. Top loaders cost about $300. Is it ok to ask tenants to pay half of the difference if they have a s...
Kao Saeteurn
2nd Investment Property, 1st BRRRR Tucson, AZ
Scroll down for TLDR numbers.
BLUF: Home purchased as a REO via auction.com, found a tax lien after paying 5% earnest money, which delayed closing, couldn't sell because the property did not have a rooftop deck, end...
Miller McSwain
Roof Size Estimate/Rule of Thumb
I'm developing repeatable processes for house flipping and was wondering if there is a quick way to estimate roof area.
I think I've heard that the size of the roof can be estimated by doubling the 1st story sqft of...