
8 September 2024 | 15 replies
the only way that would bother me is if it was a flip and it was going right back on the market then thats an issue.. if the property numbers still hit your target returns the 10k will be long forgotten 10 years from now when the property has been positive cash flow the whole time and has gone up 20 to 30% in value..
4 September 2024 | 11 replies
For the dogs, yes it is a lease violation, but they will simply file for emotional support animal BS and pay a small amount (eg $50) to get paperwork that isn't worth the paper it is printed on...and you have to accept it.

2 September 2024 | 10 replies
For example if a borrower is using cash from a cash out refinance, the borrower would have to provide the letter of explanation along with the closing statement to show that the cash out refinance happened.

4 September 2024 | 2 replies
Not sure if this is doable/possible but worth looking into

4 September 2024 | 3 replies
Is it really worth the extra $250 a month?
1 September 2024 | 3 replies
How much should our company offer him if we did a cash for keys deal?

4 September 2024 | 3 replies
Hey BP Fam, I had a thought about what would happen, and would it be worth it, to place my primary residence under my LLC and then charge myself rent to live here.

3 September 2024 | 12 replies
Hi Yu Jin,Dayton is a step up from Toledo but also comes with a step up in price.The numbers make sense in many Ohio cities.You make money when you buy and not when you sell.So look for off market (We do a lot of direct to seller), negotiate hard, buy with cash and buy quickly.Great deals don't last so you need to know the numbers very well in your target market.I've flipped hundreds of properties in Toledo since 2014 and am glad to say that I know the market like my back pocket.All I need is the address, scope of work and how much I can buy it for.Quick access to AREIS, the MLS to run comps and "ka ching".I know if it's a deal or not.Immerse yourself in the market and become a market expert on the numbers.Nothing comes easy mate and all good things take time.If you are looking to build a rental portfolio in Ohio you have to build a big one.Buying 1 or 2 properties and expecting a significant impact to your bottom line from a net-worth or cashflow standpoint isn't worth the risk IMO.In all sub $100,000 markets, it's important to build a large portfolio as there is a high likelihood that you will have repairs and vacancy on 1 or 2 properties at any given moment.Just my opinion and all the best.

3 September 2024 | 9 replies
But I guess my question is, is it worth letting go of the duplex dream for now and rent out single family unit?

5 September 2024 | 20 replies
I have a duplex in Lehigh Valley Pennsylvania which currently cash flows 800-900 a month.