Just joined the forum. I currently have one rental property. 2 bedroom/1 bath in Indiana. Rent for 850 a month, brings in about 400 dollars a month in cash flow. I just bought a second property, 3 bedroom/2 bath. ...
New to the game and seriously considering purchasing a 5 family. The current land lord has not been using leases, so the tenants are all month to month. Curious what people think of this approach vs having year long...
I have my first property under contract and my loan officer has been working with me for a couple weeks. She has the contract stating I will purchase under my LLC, however now she is saying underwriting considers it ...
Hello guys,
I'm back with another round of questions from a newbie investor. Maybe you can help me navigate this awkward situation. Currently, I have a tenant that moved in February. Since then she has have a mice pr...
Hello Real Estate World!I am wondering what beginning investors fear when it comes to purchasing their first investment property. I want to get a better understanding of how to help investors who are new to the indust...
I'm on the verge of making an offer on a 2/2 on the Southside (a good part of the Southside), yet I'm hesitant because I've heard the harsh Pittsburgh cold/snow can make units hard to fill in the winter. How true is t...
I had the worst showing of my life today, thanks to a listing agent using a so-called "Supra Lockbox" instead of just a regular lockbox. A Supra is a bluetooth-enabled lockbox where you gotta have a smart phone to get...
I am finishing up rehabbing my second house using the brrrr strategy. Does it make much of a difference which bank I go to for the mortgage? What are the pros and cons of big banks, small banks, credit unions or shoul...
Good Morning BP,
I have a question about reserve amounts. When analyzing deals, what do you budget for reserves? do you withhold a flat rate amount, or do you withhold a percentage of the gross rent? Currently I am ...
My wife and I have been trying to flip two mobile homes in Plant City for 3 months and can't seem to get anybody (handymen) to show. We've had no less than 10 make appointments for quotes and not show. We've had at le...