Edita D.
cost basis for depreciation: county assessor's or insurance company's?
Hey guys!
Do you use the county assessor's statement or the property insurance's replacement cost as your COST BASIS for the building/structure of your property?
According to property assessor, the cost basis of the s...
Derek Steinmetz
FHA Owner Occupancy Requirements - Less than One Year
In July, I moved into a 2 family that we purchased using FHA financing. We are now interested in moving to another area of town. I know you are supposed to owner occupy FHA properties for one year, but I am having ...
Terry E Riggs
Home Owner refusing to pay $24,000 final remodel bill
I finished a remodel for a lady in texas. At the end of the job she refused to pay the final bill stating, "i am disputing the bill so I do not have to pay all of this". She then began to claim items that were not p...
Chris Eaker
Chipping away at that iceberg / Eating the elephant
I've come to realize that what you learn about a certain type of investing from a book is about 10% of what you really need to know to do it well and do it right. Call it the very tip top of the iceberg. But when you ...
Wesley Mullen
Reducing 401k contributions
As soon as I started my Corporate job, I was told like many others to max out my 401k contributions to take advantage of my Employer match (100% first 3%, 50% next 2%). So I've been contributing 5% the last 5 years. B...
Mike Street
Great response to direct mailers, nothing is cash-flowing!
So I've sent out two rounds of direct mail totaling around 1,000 letters. I've got a 1% response rate. I've made 6 offers. All of those offers were below market value and only cash flowed $100 per door (all duplexes) ...
Annalisa Brown
Breaking out of Analysis Paralysis
Quick update: Bought a house in Port Angeles, WA in January of 2020 to BRRRR. Still working on it. Been waiting on plumbers and electricians for 9 months. Learning a lot about finding and managing contractors. Doing a...
Jasmine Moore
How can I raise a lot of money for a commercial property?
I have a great deal but I don’t have money, I don’t have credit and I don’t know any investors. Also I’m new to this but I am certain I have an amazing deal! What can I do to raise a lot of money?I have reached out to...
Stephen Wilson
New to BP, first time investor, looking for advice from Virginia
Hello everyone, I'm brand new to BP but have been listening to podcasts and reading recommended books on investing for a while now. I am going to be completely candid in this post so I can get some specific help. My f...
Amber Martin
How to afford monthly payment for low to no money down financing?
Hey, another newbie starting out in Utah! I've read a bunch and listened to countless podcasts, but I'm stuck in the analysis paralysis mode. I want to pull the trigger on a SF, but only have enough for 5-3.5% down wh...