Eric A.
NYC operating expenses?
Question for all the seasoned NYC / Brooklyn / Queens multi-family buy and hold investors out there. When analyzing multi family properties in our high-cost area, what rule of thumb or percentages do you use for esti...
Jeremiah O'Neill
Depreciation building value
Last year I converted my primary residence into a rental property. We purchased the home for $295k in 2006 and it lost value over the next few years, now at around $250k. Per the IRS, I need to use the $250k for de...
Michael Williams
I have a rental prospect without a social security number
Does anyone have a positive history of leasing to a prospective prospect that doesn't have a social security number? If so, what are safe guards to put in place?
Garrett Brunell
Oil Stained Driveway
A tenant's vehicle leaked oil on the asphalt driveway of a rental property. The tenant attempted to clean the oil stain using a commercial cleaner, but was not successful. I also tried removing the oil stain by scrubb...
Dana R.
Presumption of Retalaition
Tenant always pays on time, but when the lease ends I want him out ASAP. But, what can you do to get rid of the tenant if he claims retalaition? Under the presumption of retalaition, the courts will presume that the l...
Kyle Baron
Let's Get Out Of This One and Into The Next One!
Hey guys! I am six months into my first property - an owner-occupied Duplex that I am 'house hacking'. I am already looking six months down the road on accumulating my second property, and I think I might like to refi...
Karen Margrave
LOAN BROKERS - CAN WE PICK YOUR BRAINS? Hard $, Pvt. $, Direct Lenders, etc.
LOAN PROS, often I see on BP questions on Private money, hard money, direct money lenders, etc. Though I'm knowlegable on hard money loans, I know there are many out there that are curious and would appreciate picking...
Billy Holt
Duplex in B Neighborhood - First Property
Hey BP, Looking for advice on getting my first property in Roseville, Michigan. It's a side by side ranch duplex near Gratiot listed at $110k. Rents in the area are pretty much all at 700/unit. It's on a slab, no base...
Mark Costa
Do you prioritize real estate over stocks?
Do any of you invest in the stock market (i.e. S&P 500) *and* real estate properties at the same time?If so, why and how do you prioritize both? (Do you invest a percentage of your cash flow into each?)Clearly the...
Jen Hoang
Phoenix, AZ Multi-Unit (6) - Is this a good deal?
I've been wanting to get into Multi-Unit properties and this one presented itself. I don't know the Phoenix Market, but from what I've researched it is landlord friendly. Here is the info, Price = $840k (6 units)**Gr...