Hey everyone, I'm looking at purchasing a property that currently has no finished flooring. Based on what i can see, most of the needed renovations appear to be cosmetic, although i haven't had an inspection completed yet, so i understand that could change. I spoke with my lender about using a st...
A Tax Benefit Twist on Cost Segregation I’m sharing this because it may give another rental property owner a tax question worth asking. Five roof replacements resulted in a $9,102 tax deduction for our rental portfolio. And the deduction had nothing to do with depreciating the new roofs. The new ...
In the Bigger Pockets book the chapter on Getting your ducks in a row. How do I go about getting a lawyer, property manager CPA, etc if my "capital is limited"? How does that work?
I have a rental property where the brick veneer is pulling away from the house. The current recommendation is complete teardown and rebuild. I’d like to make sure there isn’t a practical stabilization option first. The consensus root cause is inadequate or missing wall ties. I’ve seen repairs on ...
My rental portfolio was sitting at roughly 82% of market. Moving from conservative pricing toward a moderate-aggressive pricing strategy has the potential to increase gross rental income by $20,000 annually. I developed a Rent Estimator tool - It's a repeatable format that uses AI to research cur...
I’m not even sure what question(s) I should start with. Do I need a real estate agent or a broker when looking for my first property to purchase? If not how does that work?
Question for both small-portfolio owners who use property managers and PMs themselves. During a mid-month review of my portfolio, a tenant payment had not been received. It got me thinking about something I’ve never really established a clear expectation around: At what point should a property ma...
I'm replacing the HVAC system in one of my rental properties (1,100 sq. ft. single-family home) in the Crest Hill, IL area and would appreciate some input. After researching equipment, I've narrowed my preference to a Goodman system based on the balance of cost, reliability, and parts availabilit...