Erik Garland
Depreciation on Foreclosure
Hey guys/gals. Straight to the pointI purchased a foreclusure for approx 24k, it didn't need much work, maybe 2k. The Tax value with county is 37k for building and 5k for land. When getting cost basis for straightli...
Devang Vora
bathroom leak affecting condo below
I'm new to REI, Bought my first condo a few months ago and is rented out. Few weeks ago, a leak was detected in the condo bathroom underneath my condo (I bought the condo 2 months ago and is rented out). The cause of ...
Stephanie Ferrante
What are your thoughts on this deal?
Hi All! I am a SFR fix & flip investor and this will be my first look at a commercial deal so I wanted to hear your thoughts. This is a ugly office building in the downtown area of my small town. It was 2 houses...
Adam Egloff
Should I move ahead with my first deal?
Hello,I'm currently working on getting my first property and I just wanted to get some opinions on whether or not this is a good deal. It looks to me like it is even if the cash flow is a little lower than I was hopin...
Sarah Cook
First Investment: Own to Rent - Starting small
Investment Info:
Single-family residence buy & hold investment in Graham.
Purchase price: $49,000
Cash invested: $2,450
Strategy: Own to Rent, Long Term Hold - Purchased 1st home w/intention of...
Elin Trinh
What Cosmetic Changes Would You Make?
Hi BP Fam,
I have a 3/2 duplex in San Antonio and one side will be moving out at end of the month. The property was built in 2007 so it is fairly new. What 'cosmetic' changes would you make after the first tenant m...
Isaac Howland
Best Strategy for 1st Deal / Property Sourcing Rules of Thumb
Hello All,I made this account years ago, finally starting to get active now that I have a steady professional footing in my day job in architecture. This can be considered both a blessing and a curse, as I have decent...
Sam Leon
Is there such a thing as a cat proof door seal?
When I have tenants who have cats, the exterior door weather seals get ripped to shreds.Like this:or like this:and being in Florida, this increases the electric bill because the air conditioning has to run more, and t...
Lake Lutes
Why HOAs are not always a bad thing
I hear it and see it daily:"We won't consider a property with HOA dues." or "I would never buy a property with an HOA."Of course, I understand the just of the argument. Often times, HOAs can present issues with alteri...
Jake Tiffany
Handy man charges by the hour
I’m pretty new to all of this. I have had one rental for a while that is handled by a property manager so I’ve never had to do much about it. I read BRRRR and am wanting to build my portfolio. My tenant just moved out...