Nilusha Jayasinghe
Are we paying too much for a house hack?
Hey all. My husband and are under contract on a great 2 flat with illegal basement unit off of Logan Blvd in a desirable location in Logan Square with a lot of rental demand. We got it for $635k, thinking we'd be able...
Prudhvi Kadiyala
I have three questions I need help with.
Hello,I am Prudhvi Kadiyala. I am 25 years old from Tampa, Florida. I am a Civil engineer and got a full time job 3 months back. Now I want to earn passive income so that I can retire 10 years from now. That's my en...
Zachary Brown
Boarding House Investment
Hello everyone -- this is my first post here on the BP site.My partner and I are looking into purchasing a boarding house and I wanted to see if anyone else would offer their opinion. The home is located among multi-f...
David Hare
Looking for Cash flow - wondering the expenses on STR
My wife and I are close to retirement. We have some money that we're looking to put into RE (about $450-500k) that we can use and rent out the rest of the time. One to be near one of our kids (in Acworth) in the Red T...
Ardel ALegre
How do I find a Good General Contractor?
Hello. I am an out-of-state investor looking to do some medium-minor renovations on a house in Columbus, Ohio. I have a long list of recommended GCs, but not sure what to look for in a quality GC that won't overcharge...
Brad Gibson
Avoiding Significant Damages to Rental Units
I'm a pretty experienced landlord that has been at this for 6 years. Just acquired my 29th and 30th doors, but of late I've been having trouble with BIG bills to turn units when tenants move out. I usually charge 1x...
Andreas Mueller
Interest Rates down, is now a good time to buy property? YES, and its not even close.
Hello BP Compatriots! Below is a brief, hopefully insightful, dive into real estate and/or financial markets for the week. Let me know what you think in the comments and what you are seeing in your local market? (I'm ...
Heath Jones
Double security deposit in leu of poor credit score?
Just wanted to start a conversation about strategies for dealing with potential renters who have poor credit, a bankruptcy and several delinquent accounts. For example right now, I have a potential renter who is in he...
Pat Opiola
reporting sale of flips to irs
I bought a flip for 60k i sold it for 95k 5 months later the rehab and holding costs were 9k, where do i show the profit? on a schedule D? thanks, also My friend and I bought a property together, we rent it out, do we...
Shawn Pottschmidt
percentage saved by do it yourself
I read a lot about hiring a contractor. Has anyone ever calculated how much they saved by not using contractors and did most of the rehab work themselves? Or the real question is what percent of costs is going to con...