
11 September 2017 | 4 replies
Does anyone know of a great property management company for a "D" property that could provide some good and honest feedback for my units?
10 September 2017 | 6 replies
No firsthand experience, but every time I've seen this question come up the responses indicate that for a few small units LLC will not protect you better than simply adding an umbrella policy to your insurance while being more complicated and expensive to maintain.Also many snags to consider such as banks not likely to finance residential property to the name of an LLC, transferring to an LLC later can trigger a due on sale clause in your mortgage, if you mix personal funds and LLC funds to pay for something you can negate all legal protections.

9 September 2017 | 0 replies
Hello BP members...I recently came across Fundrise through an ad on FB and was wondering if anyone in the BP community has had any recent experience with them?

13 September 2017 | 14 replies
That would be another 5% ($475).Adding that in it looks like some good numbers.If you jack expenses up to 50% of income (rule of thumb) it still looks like it is still throwing off $800 a month.

12 September 2017 | 8 replies
We recently added a dog to our family.

10 September 2017 | 4 replies
Where can I learn other strategies to do other types of flips by adding units to a current property.

27 June 2019 | 12 replies
Lots of CL ads everyday.

3 October 2017 | 10 replies
Up date one side by adding additional bed and bath (the other has already had this done and is in excellent condition)ARV: 475-500KMonthly income: $3200Monthly expenses: $2283 (mortgage, fixed and variable expenses, future assumptions) see below-monthly P & I: $1622- fixed expenses: $340/month (water/sewer, insurance, property taxes)- variable expenses: 2% vacancy ($64/month) , 5% repairs & maintenance ($160/month), cap exp 3% (96$/month): No property management since we do this ourselves for our rentals.- future assumptions: 2% annual income growth, 5% PV growth, 2% expenses growth, 6% sale expensesBigger pockets tool sheet with above data:Cash flow: $916/monthCash on Cash ROI: 6.65%-7.57% depending on rehab costsPurchase cap rate: 7.15%I know this does not meet the 2% or 50% rule but it seems like a good investment for the area.

25 September 2017 | 3 replies
Generally, you can redeem ground rent for a few extra dollars so if you find a good deal I wouldn't let that deter you.

9 September 2017 | 3 replies
Well today I got a letter from the IRS saying they didn't show record of that and added the $4820 to my taxable income.