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26 June 2017 | 5 replies
I have one more "management" who has just taken over some units using a Master Lease.
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26 June 2017 | 69 replies
I love all the diverse advice from the other BP members and am using a lot of it to question my current strategies myself.
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16 February 2017 | 17 replies
Just file a normal eviction (Unlawful Detainer) using a company making evictions their business.
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16 February 2017 | 8 replies
I got my start by using a HELOC on my primary residence.
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20 February 2017 | 12 replies
The mosaic tiles that come on a flimsy backing is awful to install - rocks are the worst.I did 18X18 in my kitchen and I liked the look of the large tiles.Seal the business out of the grout - consider using a latex additive for extra water- and stain-proofing.
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24 February 2017 | 52 replies
If you buy a property using a mortgage, and then renovate it, and rent it out.
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22 February 2017 | 6 replies
The 50% rule tells us that $450 of that $900 will go to expenses, not to include the mortgage, which for this I will just use zillow mortgage calculator with the APR adjusted to 5%, $900 (Income) - $450 (Expenses) = $450 Cash Flow$450x12= 5,400 (Total Annual Cash Flow)$5,400 / $50,000 (Total Investment) = .108 or 10.8% COCROIIf you purchased that same house using a mortgage with 20% down ($10,000) and a 5% APR then your mortgage payments would be roughly $215/mo (P&I) according to zillow mortgage calculator and the numbers would look like this:MORTGAGED PROPERTY$900 (Income) - $450 (Expenses) - $215 (Mortgage P&I) = $235 Cash Flow$235x12 = $2,820 (Total Annual Cash Flow)$2,820 / $10,000 (Total Investment) = .282 or 28.2% COCROIIn this example, it just makes more since to leverage a mortgage in my opinion.Good luck to you, Happy Investing!
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18 January 2017 | 5 replies
Since I do not have much capital anymore, I am looking to accelerate my investing strategy by house hacking a Fourplex and using a FHA (3.5% down).
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4 March 2017 | 13 replies
Hi Micah, I recommend using a dollar amount for your repair/capex estimate and tailoring it to the property.
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20 March 2017 | 9 replies
Using a realtor that has a good experience can help you with income production to help you sell units because they are not as as attached as you might be.