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Hello BP nation. Question for those with experience and or knowledge in the process of BRRRR. This might be a crazy question but is there a reason why people do not use a HELOC vs. a refinance during the BRRRR proce...
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Hi BP,
So I'm currently in the process of looking for a home in Florida. I've always read about people "Rate Shopping," but is this even worth it on VA loans? One thing I did realize while using the VA loan is that y...
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Hello, I am currently in the middle of a deal that has a roof that even the appraiser needed to mention was at the end of it's life. The seller doesn't want to take the risk of putting a new roof on and not having ...
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I had a tenant move out after 5 years and the carpets are absolutely trashed. They were brand new when they moved in. I know the IRS assumes carpets are only good for 5 years so I am thinking I should not deduct this ...
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As I read through and enjoy The complete guide to buying and selling apartment buildings by Steve Berges, I have a question that I hope someone can help me out with. In the chapter on the "value play strategy", he add...
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Why do entry door handle sets break down on rentals? Its a mystery! The thumb latch seems to wear out and gets too loose on the sets I have been installing, and they are name brand sets. On my residence it never break...
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Hello,
I am a starting investor. An older lady wants to talk to me about selling her home. She informed me that the house needs a lot of repairs and she has never gotten an appraisal, therefore has no clue h...
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Hi BP,I'd love to get your thoughts on this potential deal.Sale price: 4 Bedroom, 2 bath - $87,000, VA foreclosure.Location: Michigan, area with good school district in Oakland County.From the CMA, seems that the ave...
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Hi all,So just I submitted over a contract to a gentleman for a duplex near Rice University and the Museum district that is in a area where some serious revitalization is going on. We have found a price that we agree...
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I'm trying to get a small 15 unit building built. When does it make sense to push off a project? Although things are completely nuts I don't see material prices relenting anytime soon, or if they do we will be knee de...