Hi BP members,My business partner and I, @Sean Edward O'Brien , recently purchased a buy and hold duplex in Kansas City, MO. The cash flow is "great" and the property easily satisfies the ever-so-important 1% rule. ...
Hi BP members,My business partner and I, @Sean Edward O'Brien, recently purchased a buy and hold duplex in Kansas City, MO. The cash flow is "great" and the property easily satisfies the ever-so-important 1% rule. W...
I've been reading this site for some time now, preparing for the day I buy a property and I I've read some posts that I had questions about.Some people say the charge the tenant "x" amount per service call for repairs...
I'm looking at a house to live in that needs some repairs in the attic crawl space; beams and floor joints. Does anyone know someone in the western Kentucky area to do these repairs for a reasonable amount? Can these...
Hello guys got a question for you. We just purchased a three flat in chicago with tenants, after doing my detail inspections check list on each unit notice a few thing need to be repaired the biggest one is bat tub...
I'm am hoping to do some cosmetic repairs on the properties I invest in in order to force some appreciation; I am wondering how to account for actually making them? Does this extend holding time and therefore affect t...
If i use a contractor to give me repair estimates, eventually i will need to pay him for his time and estimates, but is it worth it because i wouldnt want to pay him to make a repair estimate on a property that i don...
I usually factor 5-10% based on the property condition. Better to err on the side of conservatism, so if you're not sure, use 10%.
Marcus
I see my rental properties as a business where my tenants are my clients and i provide a service. I try to keep a good and healthy relationship with them. My question is how do i keep balance between being attentive t...
hello all . i think this is a tax question . i can do 99% of all my own repairs but my labor is not deductible on taxes . so i want to hire out for repairs up to the point were it starts costing me income. does anyon...