Chris Nare
First Rental Closed
On Friday, we began our REI journey. We closed on our first property that our agent found off-market. It is a 2 BR, 2.5 BA, one car garage condo in Fairfield, OH. We got it below market and need to spend about $15K to...
Shaozeng Zhang
Single Residential property not renting out during Fall-Winter seaso
Hello:
I have a single residential property in Beaverton Oregon which has been rented in the past without problems. However, when the lease expired in late September this year, it hasn't been rented out for one and h...
Conor Duffin
Going under contract
Hey guys!so i found a house im interested in & I want to make an offer if they accept does this put it under contract? I don't know the procedure for "under contract" if i was to pull out for some reason does this...
Paul Quinones
Buying and selling notes.
I'm a real estate broker in Chicago with a large database of active investors that I've been working with for over 20 years. I'm looking to build another stream of revenue. This morning I sent out a blast text to my d...
Kal Wol
What are things to consider in house hacking.
Hello awesome BPs.I in the process of planning to rent the rooms of the townhouse, 3BR 2.5Bath with basement. This is in montgomery MD. I wanted to know if there are any legal things I need to know regarding how many ...
Sofia Sharkey
COSTS TO CONSIDER WHEN ESTIMATING SHORT TERM RENTAL PROPERTIES
Hi all, I see many people asking in these forums what costs to keep in mind when estimating a property that will be turned into a STR. I compiled the list below with the most relevant items in my experience. What cost...
Bramheswara Bandaru
Tenant was hospitalized and now back home. Rent not paid. Help!!!
Hi,My tenant has not been paying rent since last two months. She was hospitalized two times in last two months and is back home now. Any advise and direction on this highly appreciated.Eshu
Chad U.
Security Deed and Note Expiry
Let's say I'm carrying note with a Security Deed as collateral. Terms of the loan are no interest with a balloon payment upon expiration of the note. If the note has expired and the payment is not made within that t...
Joe Taylor
Treatment of Remodel Costs After Leased on New Acquisition
Good morning all... I purchased a residential property for a long term corporate client in November 2017. The client asked for some remodel work to be done and expects to move in on March 1 2018. It's pretty signifi...
Gary Kline
determining basis for depreciation : frmr res. rented in 2015
I bought a lot in Colorado Springs, CO in 1998, had a house built on it in 2000, lived there until 2005 then moved away. Relatives lived there paying below market or no rent until 2014. I rented it out at fair market ...