I am preparing my primary residence to become a rental within the next year.  This weekend I discovered that my water heater is leaking.  After searching online it seems that the Rheem at HD for $404 would be a good o...

Hello all! We bought a short sale home for 180K that we are looking to rent in Westmont, IL about 2 weeks ago. Rent will be $1,800/month. I made the mistake of showing the house before all repairs/painting were made. ...

Hey all. I wanted to create a post for any all questions related to property management. It helps us network, helps you, and help us learn where we can improve. So post your questions and we will work to get you the b...

Hi guys,I have someone who is interested in partnering on the flips with me, and I would like to know everyone's thoughts on what split I should suggest on the net profit. My partner currently flips properties in my t...

Hi everyone - I've read a lot of threads and articles on BP thus far concerning this topic but I haven't come away feeling all the more informed. I do want to talk to a professional(s) thought as a next step - that m...

Hope you all having an amazing day. :)This is a very open-ended question. Let's say there's a listing of fourplex. Building is 80 years old but recently remodeled and looking like new both interior and exterior.My que...

I was offered to partner up with a friend of mine, his proposal to me was. We as partners would build small 500 sq ft one bedroom units/ duplexes triplexes etc. 1. He would put up all the capital. 2. Give me an hourly...

Hi everyone! My name is Uche Anusionwu (first name pronounced “oo-chay”), and I'm a partner in a newly formed Philadelphia based real estate investment venture that focuses on residential property investments.Backgro...

Hi BP, My partner and I are working through what structure we should set up and I'd be very grateful for suggestions and advice from anyone who has set up a similar plan. We will be buying, rehabbing and holding 2-4 u...

Hello, I procrastinated and now I beg the community for help. My wife and I formed a partnership LLC this year and bought our first property.  I have filed the 1065 and did not include mileage expenses in the 1065 sin...