I have begun reading the book missed fortune 101 by Douglas R Andrew, and have to say that it is a very intriguing way to look at mortgages tax deductions and retirement accounts. I have not finished yet but would li...
A tenant of mine expressed her desire to sign a 5-year rental agreement/renewal. She has been a good tenant for a year. She is also asking for the rent to be reduced.
Is there a guide on how much the rent should be r...
I am looking to purchase a 4 Plex that looks as follows:Purchase Price - $249,000Rent Collected = $3,150 / monthP&I - $955 / monthTaxes - $400.50 / monthInsurance - $218.67 / monthWater - $160 / monthProperty Mana...
Hey all,I'm Wes from the Netherlands.Big fan of BP, love the books and podcasts. I would like to gather your opinions on my current situation:Me and my wife are now living in a 4 bedroom appartment, great location, an...
I am looking for suggestions on what things I should be asking for when looking at out-of-state investments. Nothing beats an on site walk around, but that isn't possible. I'll lay out my "plan" for checking out pro...
Hi Everyone - Hope this weekend treats everyone well. I recently got into a real estate deal. It is a town home located in top school district in Charlotte area. I put 20% percent down with 80 financed on 15 year mort...
I bought a duplex in need of rehab for 49K using my $63,000 line of credit. I paid cash from the LOC then painted, reworked kitchens and baths, turned the upstairs unit from 1 bedroom to 2 by adding a closet and closi...
I have an odd question as a flipper. When you have received a decent payday from a deal and you don't have another deal lined up, where do you stash your money so you can get to it in a short time frame and still hav...
I wanted to get some opinions based on experience with renters comparing 2-bedroom units (and above) vs. 1-bedroom and studios. I currently have a duplex (each side is 2Bd/1Ba) under contract. I'm looking at additio...
"If you build to rent, be aware that many hedge funds are buying rental properties and that the rental market has gotten to be very competitive." - Harry Dent, The Demographic Cliff, 2014, page 97.One of the things th...