Hi,An applicant put a Salvation Army shelter as his address. I have called and verified that he lives there. According to them he had to take care of some financial responsibilities while there, now he is ready to tra...
Is there any way to purchase real estate with little to no money down?
Hi there! I've had a question on my mind lately about how to organize an equal, two person partnership. My significant other and I are interested in purchasing our first buy-and-hold rental property this year. We are ...
I just got an inspection report back about a property I am looking at and the big thing that jumped out was the 'sagging addition' due to insufficient foundation support. The addition is an overhang on the 2nd floor....
Hello everyone my name is John and I’d like to get into wholesaling. I’ve been doing a lot of research and spoke to a couple of buy and hold investors in my area. One of them mentioned that he typically looks for a 15...
Hello again BP Fam, I am trying to decide the proper nest egg for a condo I have in Delaware. I was wondering what yall keep in the savings account for your properties and how you determine it from property to propert...
I am about to close on my first 2 duplexes this month. In my analysis I budget for vacancy and capital expenses (which I believe most of you are doing) and it comes to about $10k annually for each property.My question...
Hi Everyone,I just wanted to get your thoughts to go over my analysis, if I am Missing anything.Price - $270KDown - 25% = 67500closing + repairs 15000Mortgage - 1000Property Tax - 550Insurance - 90Property Management ...
I currently own and live in a two family row home. I live in one unit and rent out the unit. I report the rental income on schedule E on my personal 1040 along with applicable expenses (ie 50% of the yearly property t...
It seems easy to park money in a checking account for property reserves, but that feels inefficient.Where do you keep your rental property reserves?