Tanya Patience
Strategy question: Depreciate or Expense?
Hi! I've searched around a ton to find a simple answer to this to no avail. Maybe because it's been hard to wade through the flood of information on depreciation and expenses.I wanted to know the strategy behind wheth...
Kari Koszdin
Tenant paying below market rent in unit that needs rehab-
I bought a triplex four years ago and inherited one tenant. At the time, she was paying 1050/month for her small 2 bedroom apartment. The previous landlord had not taken care of the property, so I needed to put in a...
Douglas Skipworth
Do you track your net worth?
I'm teaching a class on buy and hold real estate investing in Memphis and I'm looking for some real life examples to share with the students.Here's the brief background on my question below.I believe 2 things.1. Peopl...
Mijeong B.
Under contract on REO property, I found squatters moving in.
Hi. We are in a very difficult situation and hope someone can help.My husband and I have just started investing in real estate in St Petersburg and this is our first flip project. Currently we are under contract expe...
Russell Brazil
Be Greedy When Others Are Fearful
Be Greedy When Others Are Fearful – A Lesson From The Financial Crisis
“Be fearful when others are greedy; be greedy when others are fearful.” – Warren Buffett
There is a lot of fear in the market place right now. T...
David Keys
Monthly Payment decrease when making large payment to principle
So I have had many properties that I had put the typical 20% or 30% down on a 30 Year loan and had a Fixed payment with the bank. When I had extra money or a large commission I would always put large amounts to the p...
Andrew Threet
How to Setup Bank Accounts
Are there any CPA's or experienced investors on here that can help me out with how to setup my bank accounts or offer advice on how you setup your systems for your real estate investments?I'm looking to close on my fi...
Ryan S.
Deploying $2M into commercial investment(s)
I'm working with a small team to invest approximately $2M cash into commercial property before this year's end. Here are a few highlights in terms of what we're looking for:Location: The northeast (NY, CT, NJ) and Sou...
Masroor Ahmed
What is reasonable Deferred Maintenance?
Hey BP fam, So I'm in contract to close on a 7-unit bldg by the end of the first month..first deal, hopefully. Had the inspection done and there is clearly work that needs to be done in the $5-$10K range, incl some w...
Kelvin Hamilton
Opportunity or not?
So, an opportunity came my way and I have been wrestling with the numbers to confirm that the deal makes sense. The situation is this:A Piece of land zoned as a multi-family property but undersized is up for sale due...