Rachel Reese
House Hacking, As is Sale, And A Failed CO Inspection
Hi everyone,
I'm under contract for my first property, a duplex (as-is sale) located in Mantua, NJ. Closing is under 2 weeks and I failed the CO inspection. My biggest concern is this line: "Deck stairway and the de...
Luke Smith
Louisville KY Investment Breakdown
Investment Info:
Retail fix & flip investment in Louisville.
Purchase price: $261,500
Cash invested: $12,000
Sale price: $280,000
The property was duplex. We held the property for 2 years whi...
Bienes Raices
Sidewalk trip hazard -- repair
Part of the front walkway (on the property, leading to the front door) is raised a little bit over the other part. Is there a way to repair this without hiring someone? Can I build a small "ramp" with bolts? What woul...
Tiffany H.
Stinky shower in multi-story condo complex
Hi! We have a frequently stinky shower in a condo, usually in the pm. The smell is coming from the drain and we experienced this previously in a detached house. In that case a plumber determined that there was n...
Andy Young
Short sale; leaky roof
I am looking into buying a short sale property. There is some water damage due to an incorrectly installed roof. I can easily fix the roof and the cosmetics caused by the leaks. My worry is that the short sale co...
Ahmed Tausif Aijazi
Rental property tax question
Hello all.
I am extremely new to real estate investing and closed a deal recently. It requires some fix-up after which I plan to rent it out. My questions is
1. Can I deduct the fix-up / repair costs on my taxes?
...
William Lee
Using a BRRRR strategy for family member
Hi BP,
I am an investor based out of Richmond, VA. I have a small portfolio of single family rentals locally. I have used the BRRRR method on my last two acquisitions with my first two using conventional 25% down pay...
Cam Jimmy
Beginning my first "live-in flip" w/ before and after reno pics!
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $245,000
I have completed the beginning portion of my first "live-in flip". We have fixed up a house that we want to li...
Brendan August
Should we flip it ourselves or sell for cash?
My dad owns a home in Pittsburgh that is too big for just him and needs a lot of work (roof, water heater, HVAC). He has spoken with a local investor that wants to purchase the property from him for 100k. My dad owes ...
Nathan Zierer
First Investment Property
Investment Info:
Single-family residence buy & hold investment in St. Louis.
Purchase price: $76,000
Cash invested: $22,000
This was our first investment property. We started off slowly with typ...