But generally speaking, managing your credit score is a common task for real estate investors - especially for those who make use of credit in the purchase and rehab of properties.

Overruns are common, especially if you’re new to managing contractors or doing the work yourself.Ask yourself: is your time best spent on labor, or on finding the next deal?

.💡 Utilities – If you pay for water, gas, or electricity, those are deductible.🧹 Cleaning & Landscaping Services – Routine upkeep expenses.💼 Professional Fees – Legal, accounting, or property management services.🧑‍🔧 Contractor Labor & Supplies – Any materials or hired help for property improvements.🚗 Mileage/Travel – When traveling to inspect or manage rental properties (keep mileage logs).💻 Office Supplies & Software – Including bookkeeping tools, printers, and even part of your home office.Creative Ways to Give Back — and Still SaveGiving back can also be tax-deductible when done thoughtfully:🎁 Tenant Appreciation Gifts: Small gifts such as gift cards, snacks, or holiday baskets (under $25 per tenant per IRS rules) can be deductible as a business expense.🏘️ Community Donations: Contributing to local charities, shelters, or community events near your property may be tax-deductible if donated to a registered nonprofit (501(c)(3)).🧤 Property Improvement Drives: Donating old appliances, furniture, or materials from renovations to nonprofit organizations like Habitat for Humanity can qualify as a charitable deduction.Pro Tip:Before December 31st, review your receipts, invoices, and bank statements.

Opportunity is common if you can create the foundation.

Hey BP,
I’m reviewing an infill lot in the Spartanburg SC area and wanted some local insight from builders or investors active in the Upstate.
Basic details:
• Sierra Rd area
• ~7,350 sq ft
• Public water/sewer a...

They come under an HOA because all of those private items are what is known as 'common area' or that everyone in the development has a 'common interest' in the areas. 

There are a lot of standard questions that are readily available, or the screening site you choose may have their own application forms that you can't customize.Determine how you are going to identify which application is the strongest and ensure you are asking those questions.A few less common questions we ask:- How long do you plan to live here?

Are any of the other income streams (IE - utility income, pet rent, parking income, utility reimbursements, etc.) trending up - why or why not? 

If you don't mind me asking, how do you utilize the HELOC?

They're not buying turnkey; they're hunting for distressed properties.It's that "BRRRR" method (Buy, Rehab, Rent, Refinance, Repeat) that seems to be the most common path to creating value right now.