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Can you make the repairs like painting, fixing hvac tax deductible in addition to depreciation?Any good articles on the same?Thank you
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Hey Guys, lets just say you had 85k to invest in some real estate. However, the going rate for a 2 family house in your markets is 500,000 (house rents gross for 4000/month) 3 or 4 family can easily climb to the 650...
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Hi everyone! I just got my first loan approved and am about to flip my first house with some guidance from another investor. Before I go into it, I just wanted to know if anyone had some major DO/DON'TS when it came t...
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Hey BP world put an offer in on my first property. Just wanted a second set of eyes to take a look.
Found an off market value add deal in a B- neighborhood with a C+ property. The price we offered is 150k against th...
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Hello everyone, I live in California and I am in the process of getting my second property in California using part of my VA loan. Houses here in California are expensive; therefore, I am looking for a recommendation ...
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Hey all,I've been working with my PM to get a termite control schedule put in place on my MF properties. All of them are between 4 and 8 units. Both she and the realtor on my most recent deal have been pushing the ide...
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Hello BP family. I received this inspection report and I am just wondering if the defects on there are fairly standard or if this looks like an absolute disaster. The property is very inexpensive and I am budgeting fo...
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I purchased a foreclosure property in November 2023. First mortgage paid off as well as all other parties (attorneys and surplus, etc). The clerk of court has satisfied this and all monies are out of the registry. The...
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Hello everyone, I have recently started helping out a family member with their rental property and have found out that they have no screening process for tenants. This has obviously led to many issues in the past. I h...
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Hi All,In 2021 I purchased a 3-unit building in Lincoln Square that sits in an ADU pilot area. As I'm sure most have realized, with a maximum 700 SF for a coach house, the potential rent vs cost does not work out for ...