Lisa Bujulian
Austin Is Blowing Away Every Other Big City in Population
Doing research today since the question keeps arising, "Yes we all know Austin is growing, but by how much, what are the official stats?" Austin, the capital of Texas and the 11th largest city in the United States, is...
Anna Markowski
2nd Loan/Purchase Fast
I recently purchased my first building, a 4 unit that I live in, in Chicago with a Fannie loan at 5% down. A part of the building is going through a renovation and that triggered some old mental health issues with a m...
Olivia Piper
Tax implications of roof replacement due to hail damage
I'm trying to figure out how I should report the roof replacement in one of my rental homes due to hail damage on Schedule E. The rental home was purchased in May 2017 and the previous roof had half of its usage life ...
Lacee Beitler
Online payment - Cozy users
Hi everyone!
For any one who collects rent via Cozy (or any online payment processing), I have a question about when the payment processes vs when it's received:
We love using Cozy and so do our tenants, but Cozy ...
Account Closed
Is 5.8% Cap rate ok in Class B area?
Rental property in class B area.Current cap rate is 5.8%. These are not the actual numbers, but is the actual percentage and actual ratio:I invested $x.xx (say invested $59,000). The $59,000 equality has grown to $10...
Matthew Harrison
looking for financing under 50k
Hello BP...i am just finishing my first complete rehab of a home. Purchase for 15k, put 12k into the reno and beleive the ARV to be around 40k. My plan A is to try and pull a mortgage out of it, 30k, and recoup my i...
Lee Gierszewski
Inherited tenant/lease issues with sellers paying me deposits
I recently purchased a duplex. One unit was vacant, one unit has an existing tenant. I've already put the existing tenant into a new lease so that is not the issue. The issue I have is with the former lease. I was und...
Lisa Casey
General Contractor is declaring bankruptcy and owes me work/$$$.
I hired a General Contractor/Small Co. (in business for 40 years), to add an addition to my Airbnb rental house. I paid half down in March 2018 and he was suppose to start on July 9, 2018, that is when I was closing t...
Michael Glaser
You Quit Your W-2 Job. How Do You Pay Yourself?
My goal is to be 100% done with my W-2 job in 5 years through REI and move from LA to Colorado. If I can do it sooner than all the better.I hear on the podcasts so-and-so quit their job and now are doing this full tim...
David Garcia
Mortgage for remodeled house
Hello,What is the typical waiting time before remodeling a house and when a mortgage can be placed on the property? I recently acquired a gutted house with cash and am looking to remodel the house before putting a mor...