Tyler Kesling
HELOC / Lease to Own
I'm still looking for my first property and I have a lead, sort of. My brother needs to move back to the area and found a duplex fixer upper. He wants to live in one and use the other for his studio. He and the seller...
Bruce Reeves
Sell rental now?
Playing around with my Excel spreadsheet and got to thinking about selling my rental property in the next few months vs waiting until it's paid off in Jun 2027. Have a 27k mortgage balance, sale price est at 415k. Ass...
Anna Dube
Moving into rental property as residence after capital upgrades
Hi BP Community!I'll try to be concise in my question while providing enough detail.I just completed upgrades (new vinyl plank flooring, purchased washer/dryer) for my rental property while I'm between tenants. Any a...
Skip Gilliam
Have you or would you buy a new build to rent out?
Did you or have you ever bought a new house to rent out?
I am considering paying cash for a $215-$250k new construction property in a new development. Rent in my area is usually around a $1/ per sq/ft.
The idea of...
Sandy Sciales
Wilmington, NC getting calls from sellers with damaged homes
Wouldn't you know the week before we started our marketing here in Wilmington, Hurricane Florence blew in. With that said, we went ahead and went forward anyway. We have had a few calls from sellers who own their home...
Brian Dickerson
Deal or no deal? Desperately need another set of eyes {calc}
*Link to calculator report is belowHey all,I am having trouble deciding if this is a worthwhile deal. This is my first multifamily and second overall deal. The property is in a "C" neighborhood in ROC, NY. Its an ea...
Burns, Kenneth
Newbie(sort of) from Pittsburgh Pa.
Hey BP, I’m Ken Burns. I had previously had 2 rental properties but sold them not knowing what I know now. I’ve learned a lot from reading since then and want to get back into the game.
Niyi Odumosu
How to negotiate on a rehab property
I recently had a home inspected after having my offer on it get accepted. The home is in an up and coming area in West Philly walking distance from a shopping center and near a new train station station that is curren...
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Do this deal add up?
I just purchased a 1br house for $53K. It was a Fannie Mae repo (in my town). Fannie Mae painted, carpeted, repaired the roof, and purchased new stove. I purchased a new fridge and wall AC, mini blinds, plumbing fix...
Chad Lamb
Can you depreciate the new ARV
Hello, So I have completed my first BRRRR this year, and I have a question about what amount I can depreciate. I purchase the property for 27K cash with 15k being building value and 12k being land value. After our reh...