We agreed to charge our tenants for the utilities including water, electric and gas. We sent them the bills and they are saying they should not have to pay the sewer and the refuse fee on the water bill but should onl...
I was just about to send the lease agreement to the applicant that I approved with a move-in date of May 1, then the next day he wouldn't be able to move in on May 1 due to the current contract binding. I said I'd sti...
Investment Info:
Townhouse buy & hold investment.
Purchase price: $180,000
Cash invested: $51,864 ($37,000 down payment) + Closing costs & pre-paid/escrows
Very well maintained 3 BR 1.5 bat...
Hi BP community,
New investor looking for some help creatively structuring a partnership. I'm looking at making a purchase with a long time friend. We'd each contribute equal capital into the partnership, but our com...
We recently had a tenant move in to a new single family property, and she asked if gutter clean out is taken care of by us or her. I had not thought of this and was hoping someone could share what they do regarding g...
I have been incredibly interested in buying a seller financed property, mostly now looking at the interest rates.Im also incredibly worried, as this is my first time not doing an FHA loan. What is the worst that could...
Do you have to report all maintenance expenses on a duplex or apartment building on your tax return? I understand I would pay more taxes if I did not report all the expenses. However, my DTI looks better for qualify...
Is this typical for a 6 unit condo building?
I've got a top floor condo unit and currently the unit below me is having problems with their ceiling having leaking. The local maintainance man cut a hole in the floor belows drywall and said that they can see ther...
Hi BP community. I just picked up a property at last month's Harris County tax auction (zip code 77007 of Houston, TX). The property has two humble SFH's on it, both tenant occupied. I've met with the tenants and it a...