Carl Schmitt
Itemized repair price list
It sounds like a lot of people end up having a deal go bad or not being able to make a deal at all because there rehab estimates were off. Does anyone have, or could we put together, an itemized price list per unit? ...
Paul T.
Hiring a Contractor
The following is not legal advice.
Having read numerous horror stories here on BP about failed projects and lost money due to less-than-honorable contractors, I feel compelled to try to provide some guidance to those...
Christian Walker
How To Get a Wholesale Deal Under Contract
Ive been searching for an answer to this question forever and can't find it anywhere. So after I find a property, how do I get the owner to willingly put his property under contract with me? Even though I don't have m...
Bruna P.
selling or turning primary residence into a rental
Hi,I'm new here but have found valuable information on this site so I decided to join. We currently own a townhome in Virginia since Nov 2015. We are now debating about selling it vs turning it into a rental propert...
Henry Offiah
Prospective Tenants & Emotional Support Animal
Would like to get some opinions. Prospective tenants looked at my rental. Put in an application and indicated they wanted to move in on the 12th. Have 5.2x the rent. They have bad credit, haven't given previous landlo...
Daniel Beaston
Property management problems
I’m in the process of getting my house ready for sale and my property manager only notified me of two discrepancies but failed to mention the 5 other big things like damaged hardwood floors. The tenants already lost ...
John Van Uytven
Charge a Premium rent to let Tenants paint Walls
I am working on closing on a rental property in my old College town.My partners and I have a plan to buy a townhouse, and then work on buy all the townhouses in this complex over the next 15 years.We have plans on how...
Eric La Pratt
What closing costs, fees, etc. are deductible from 203k project?
I closed on a multi-family 203k project in Chicago that I am house hacking. Since I will be occupying, I understand I can only write off a portion of the expenses (presumably 75% since there are 4 floors and I will li...
Phillip Rosin
Lending options for my situation please. 2022 tax extension + house needs renovation.
I have a house under contract. 245K purchase with ARV 425K. Rehab will be around 50K. It flooded and is currently in the post flood state. A portion of drywall, flooring and cabinets have been removed but there is no ...
Jon L.
Cost Seg SFR to offset capital gains?
Can I cost 4 single-family homes to create a paper loss that offsets $2M in capital gains from an apartment complex? Where can I find more info on this (besides go talk to a CPA)