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when evaluating properties (I'm a wholesaler), how do you determine when something should be rehabbed vs. torn down? For a tear down, what are the typical costs to demolish and rebuild a SFH (let's say 1500-2000 sqft...
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This goes out to the property managers out there. Most property managers I've dealt with have as part of the rent agreement included a mailing address for rent collection. My current PM (in Rochester) though actu...
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Hello,
I am working to find my first rental property, and on the surface the deal I'm looking at seems like it has very good long term appreciation potential but I'm not sure how to adjust the current numbers and ma...
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Hey, Bigger Pockets friends. I'm hoping to gain some insight from this great group of folks. I'm working a subject-to deal that includes a financed double wide that has not yet been reclassified as real property...
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Hello Everyone,
My tenants have recently moved out, leaving the house in less than ideal condition. The condition of some walls went beyond normal wear and tear and the house in general was left quite dirty. I dec...
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How is the capex reserve fund handled tax-wise in an LLC (or S-Corp)?Over the year, a portion of the rental proceeds are siphoned off into an account for future upgrades (roof, furnace, rehab, etc). Does that count a...
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Hey guys, I was hoping to get some advice on a contract I have. I've approached an owner whose home is going to tax deed auction next month. They've agreed to sale to me and signed a contract, but would like to stay a...
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Basically the title. I got an email that the tenant needs to relocate and needs to move at the start of the year. Their lease ends in July 2022. This is NYC, so it's impossible to keep them. They've given me enough n...
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I’ve recently been look at a property right down the street from me. This property is a 6 unit building, with 4 units currently rented and 2 units that’s currently need rehabbed. The building is a fantastic deal. 6 un...
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Hey all, I'm looking to get my RE salesperson's license in RI, mainly to use it as a conduit for buying & selling my own investment property either with partners or on my own. However, I don't want to be forced in...