
1 January 2025 | 12 replies
You can usually find some events by doing a simple google search.

2 January 2025 | 1 reply
@Hai Le - Usually you have to provide written notice / 30 day notice if you decide to not renew their lease or even just asking a tenant to leave.

9 January 2025 | 16 replies
That's the key component that is usually missing when I hear other entrepreneurs/investors say they don't like QBO.Something else to keep in mind is your entity structure and how your entities file tax returns.

7 January 2025 | 13 replies
It’s very hard to cash flow with only 25-30% down, and usually takes much more.

8 January 2025 | 11 replies
Organizational Delays: Section 8 offices are often overworked and understaffed, leading to slow processing times for new tenants, delayed rent increase approvals, and poor responsiveness.Benefits of Section 8:1.Long-Term Tenants: When you get a good tenant, they usually stay for a long time because of the tedious process required to qualify for Section 8 housing.2.Consistent Income: If Section 8 covers most or all of the rent, you typically receive reliable monthly payments, reducing the risk of non-payment (as long as there isn’t a large tenant portion).3.Lower Barrier to Entry: Because properties in these areas are often more affordable, it’s a good way for new investors to break into real estate without needing a large amount of capital.Overall, I’ve seen the good and the bad of this strategy.

7 January 2025 | 16 replies
Having more people liable for the lease is usually positive in my experience.

4 January 2025 | 16 replies
Helps with your debt to income, better opportunities at cash flow, and typically requires less down to purchase.In regards to challenges, I usually build in an extra 10-15% to deal with things that I can't see behind the walls, including dry rot, electrical or plumbing issues, etc.

2 January 2025 | 13 replies
We are in the last month of 2024 and usually in December and around January through March properties tend to pop up faster.

5 January 2025 | 8 replies
For single family residential I think it is a red flag, usually price if they are sitting.

7 January 2025 | 12 replies
- FYI: it's only illegal to try to rent it out, the property owner can usually legally live in a nonconforming basement unit.If you do all this you may still negatively cashflow each month, so make sure your income can cover and/or your cash reserves.If you do this successfully, you will learn more in 1-2 years than you would reading here on BP for 5+ years:)Good luck:)