Conrad Pels
Are either of these a worthwhile deal?
I am looking to buy my first rental investment property, and after analyzing the market where I live (Traverse City, MI) for some time, I’m thinking there are other places within an hour or so that may provide more ba...
Account Closed
nervous about first rental!
Ok here is the situation I close on my first house ever on Thursday and I am nervous as to how to handle this situation. I have a tenant upstairs who has been there for 4 years and is on a month to month lease, so bas...
Rich Weese
Now I understand why flippers are having to work
I saw an article on Phoenix TV yesterday that explains the current market for discounted properties. I know the local Phoenix BP members have been working much harder to find "good " deals and much smaller margins.
2...
Sean Dezoysa
Houses are better investments than Apartments?
In the book "Landlording on Autopilot" Mike Butler makes the case for houses being better investments than apartments for the following reasons:
- Houses can be bought at wholesale & sold at retail. Apartments ar...
Erica L.
Acquiring someone else tenants through new purchase
I finally made 2 deals... in one week!!!! WOOOHOO!!! :)
However, the one is a duplex and I'm super weary of acquiring someone elses tenants. The place looked clean and taken care of - but if they don't pay, I don't ...
Jeff Piscioniere
Buy and hold in Connecticut: what’s working, what’s not?
Hello BP community!Just wondering what local CT investors are seeing in the buy and hold market? I have a 2 family in Torrington that’s had stable renters during the pandemic and has actually appreciated over the pas...
Lesley Resnick
How do I price this?
There has been a lot of discussion on BP around rent to own, lease to own, etc. I have offered this type of deal on a few occasions, but it was never accepted. We all are big fans of the idea of, give me a big down ...
Chinedu Akunne
Pay to split water meter? Or Surcharge tenants?
Analyzing some deals on ways to increase cash flow on multi-family properties...One of such deals is a 5-plex, with one water meter. Current landlord pays about $60/unit/month on water, sewer and garbage. That's $300/...
Cody Lindstrom
To buy at 7% or not to buy? That is the question
Our HELOC on our primary finally came through and it appraised at the top of the market! We are pleased with that 1.25% minimum pmt at @7% interest, 10 year draw with a balloon at the end. We are excited but also ne...
Jason Krasavage
Chicago Rentals - 2021 Property Tax Hike, Passing onto Tenants?
Curious about everyone's thoughts on this. 2020 was a weird year for so many reasons, but one result of the pandemic here in Chicago was a temporary decrease in Assessed Value of properties for the 2020 fiscal year. O...