
4 March 2024 | 14 replies
Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

4 March 2024 | 10 replies
The rents will cover the home mortgage and the car payment.

5 March 2024 | 11 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, many blemishes, but should have no evictions in last 2 years.

5 March 2024 | 7 replies
Or, think about "house hacking" – live in a place with multiple units, rent out the extra ones, and cover your living costs.

3 March 2024 | 12 replies
That said, I'm on the fence about screening the tenants.

4 March 2024 | 3 replies
Quote from @David Perry: Liability insurance covers accidental property damage by your tenant (e.g. kitchen fire) or personal injury (e.g. fall down the stairs).Talk to your insurance carrier and ask them for advice.

4 March 2024 | 5 replies
@Keith Hoffman II you might want to check out @Michael Plaks thread that covered this: https://www.biggerpockets.com/forums/51/topics/1167632-expla...

4 March 2024 | 7 replies
Again, if something goes "wrong" and you don't have the reserves to cover it.Meanwhile, I'm part of the group that feels cash flow is over rated when trying to generate wealth.

3 March 2024 | 9 replies
@Jeb BrilliantThanks Jeb, I used some screening questions that Brandon Turner and Dave Green used in their books as the baseline for my questions and added a few more of my own that I've found in other blogs within the site.

4 March 2024 | 0 replies
But once our expenses are covered, what is our emphasis.