Karen Margrave
2 Questions. Why STR? and Did you buy as STR or convert?
1. Did you buy your property as an established STR property?2. If not, how did you decide that renting as a STR would be more profitable than a LTR?
Daniel Kent
Refinance from negative cash flow to positive cash flow
Hello BP Community!I have a rental property in Philadelphia which within the past year I just refinanced to reduce the term of the loan from 25 years to 15 years. This property was originally purchased as my primary...
Shaidah K.
What would you do if your home quadrupled in value?
In 2005, we bought our home for $420,000 (Richmond BC). In 2016, we had an offer from a developer for $1.25M which we turned down because it was too sudden and we were buying our second income property. With that am...
Josh Caldwell
Other than rent, what income streams do you get from your tenants
I make money from my tenants as many ways as possible. I have coin op laundry in the unitsI make money on credit repair for tenants.I make money on the utility bill for my tenants. This one is my favorite. I have som...
Samuel Bavido
Analyzing an 8-plex; is their price too high?
The good: This property is owned by an elderly woman who is in the hospital; her two daughters manage it, but they live out of town. They don't seem to know a lot about marketing their property; it is not listed for s...
David West
Is my mortgage broker right? I won't qualify for 2nd home? Why?
My wife and I purchased a SFR in San Diego, CA in 2015 with an fha loan. Appreciation has been great and I've refinanced out of that loan to a conventional loan and opened up a HELOC with 58k available. We want to mov...
David B.
Forcing appreciation in C class neighborhood
Hi all i have a question that might be confusing, so I’ll try and simplify it. i have recently purchased a duplex in Columbus, Ohio in a C class neighborhood. I intend to purchase more.
Now - these homes are functio...
Barney Davis
What’s the point in a lease?
I have a tenant that signed a two year lease and is wanting out after the first year due to a pregnant wife. I discounted the rent from $1400 to $1350 if they signed a two year lease. I have a $1350 deposit. This happ...
Hans Cooke
Will Biden eliminate the 'Step up' policy for inherited assets?
Will Biden eliminate the 'Step up' policy for inherited assets?
https://www.forbes.com/advisor...I am concerned because we are looking to sell the one and only property we have inherited from a relative this coming S...
Pearce Trenary
First STL: Target CashFlow or Location Near Home Base
Right now I am at the beginning journey of acquiring my first short-term rental. I have done much research and found a handful of locations. I am between Outer Banks, NC., and Apollo Beach, FL. Outer Banks shows 18% b...