James Park
Cars - Lease vs Purchase
It appears that many investors on Bigger Pockets are the millionaire next door types who drive older cars with $100k miles on it or purchase used cars that are atleast 3 years old.
In Thomas Stanley most re...
Matt Ellis
What to do?
I have a question on how to structure an offer or should I structure an offer. Sellers are calling from my postcard mailing but I am finding ALOT are not in distress but they want to sell . For instance...I am talking...
Holli Harrison
Lease options vs seller financing...pros and cons of each
I live in Fort Worth Texas and am looking at cash flow options for up coming properties instead of the traditional fix/flip. Lease options, contract for deed, seller financing.....My goal is to create passive income,...
Tj Hines
Class A, B, C, Apt Buildings
BP family,I'm having just a small hangup on classifying apartment buildings. I've been taught and learning that:Class A apt buildings are 10 years older from today's current yearClass B apt buildings are 20 years old...
Richard Dekok
Getting started in a overpriced market.
Good Evening all. I am a beginner, but yet I've been a landlord for about 11 years. This is via my mothers home that my sister and I inherited. I am a physical therapist and was doing quite well until covid hit as I ...
Jeff Ronningen
Tax Treatment: Capital vs OpEx
Hello BPers, wondering what the consensus is out there for categorizing capital vs operating for appliances? Window A/C units? Painting? Refinishing floors? Carpet? I'm leaning to treating it all as expenses.
Dan Graney
Shared laundry area.
Greetings,Well I bought my first rental unit, a duplex and am living upstairs. I have a tenant who is moving in the beginning of next month. I am trying to figure out how to share the laundry facilities.The laundry ro...
Brian Roberts
Advice on Raising Below Market Rent on Good Tenant
Hi BP Members,
I am looking for advice on my current rental situation as I am not sure what is the best path forward.
The situation:
I own a 4 bed 2 bath condo in Boston (specifically Roxbury), which I...
Bobby Brown
Do you have to issue 1099s for work done on a rental
My wife and I were told that we must issue 1099s for any work that is done by independent contractors over $600 or we may be fined by the IRS (~$100-$600). We so often find a big push back when you request to do this...
Dare Lamberson
Strategy to get to the next deal
Hello all!I have a situation that I haven't been able to find much info about in past forum posts. I bought 15 acres of land in Texas with a mobile home about 6 years ago and I have about $50k left on the note. The mo...