Lee Sanders
Hello from Boston MA
27 January 2025 | 25 replies
My experience in Massachusetts, where it took nearly a year to evict a non-paying tenant, has made me more selective about the locations I invest in.I am looking forward to learning and sharing insights with this community!
Travis Dumont
Eviction Process - Do I need to send a non renewal notice as well?
14 January 2025 | 2 replies
My question is, do I need to send a non-renewal notice as well?
Brooke Carlton
2.25% Interest Rate - Assumable Mortgage, down payment gap over $200k
22 January 2025 | 13 replies
The payment is about $1320 per month.
Nick M.
Michigan Sales/lodging tax collection and payment
16 January 2025 | 7 replies
Could VRBO users from Michigan provide some clarity about the topic of sales tax/lodging tax collection and payment to the state.
Jerry Nogueras
NYC Residents- Which areas outside NYC have you seen the most success for rentals?
27 January 2025 | 6 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
Leon George
New to BP Community
24 January 2025 | 13 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
Mike Levene
Most efficient source to pull funds from for a down payment?
23 January 2025 | 7 replies
I have some of the required funds in a HYSA, but will most likely need to draw from another account and I'm curious which method is the most efficient in terms of taxes/capital gains, penalties, loan repayments, etc.Based on my previous transactions in the market, I estimate ~$45k cash to close: $20k for the down payment, $15k for closing costs and prepaids, and $10k of starting reserves.
Keira Hamilton
Bay Area Eviction - $9k Cleaning Invoice
28 January 2025 | 1 reply
After 6 months of non-payment, we were able to perform an eviction for this tenant.
Abhishek Wahi
Question About Location: Plymouth Michigan
23 January 2025 | 4 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
Henry Farias
Got Land and want to use it as down payment.
15 January 2025 | 1 reply
Now that I am in position, I would like to place a mobile home to generate some passive income, but I don't want to use my savings for the down payment.