Before closing on an investment property, I undertake several crucial due diligence steps to ensure I make an informed decision. These steps include:
-Property Inspection: Engaging a qualified inspector to thoroughly...
Hey I'm new to BP. I am from NJ. I am looking at a well maintained duplex listed for $360K. The rent for each unit is about $1,225. It is in central jersey in a nice blue collar town. There a huge front and back ya...
Hi Everyone,I just formed an LLC and am looking to buy some long term rental properties in Waukesha county/ some parts of Milwaukee County. I am a recent college graduate and now a real estate agent, so the problem I ...
Does anyone have any recommendations for software/sites to use for conducting more extensive due diligence on properties throughout the country? When living in NY, I often used software that was specifically designed ...
what are the best startgies to make sure the property is worth it or not site unseen? some neighborhoods can be tricky. do you send a contarctor out? somebody other than the agent, how do you manage renovation out of ...
Hi fellow investors -
I recently conducted two cost segregation studies on my rental properties. I am self-filing my taxes through TurboTax (extension in Texas due to ice storm) yet I can't seem to locate where or h...
We have properties in C/C- neighborhoods, so, a lot of prospective tenants come with ‘baggage’ - evictions, criminal records, etc. As a result, once we receive applications with authorization to conduct background che...
Tenant June 1 to Dec per room rental expires Dec 31. Initially asked for 3 months extension to which we agreed in writing but then Tenant changed to request 6 months. We declined, and asked Tenant to confirm the 3 mo...
The seller has 8 heirs. 2 of them are underaged. The attorney says that they might need to go to court to get guardianship.
The closing date for the end buyer is on or before 2/15. The closing date for the seller i...
Hey BP! This will be my first time filing the Schedule E form as my medium term rental in Tampa, FL became active the 1st of this year. I need to pull forward deductions from 2022 that went into preparing the property...