My "net" income for one of my rentals was $330 before PITI, PM fees ate $140 of that. NET was reduced by 43%. Consider that the next time you think someone else can manage better than you.
I understand that for OBX rentals, oceanfront is critical for maximizing revenue. My question is whether or not there are other optimizing factors, such as number of bedrooms. Is 6 or 7 the minimum to have access to t...
Hi BP,
Being new to REI, I plan to start small but I'm concerned about overlooking market/geographic indicators that guide whether purchasing a SFH or small MFH is a good investment. I'm in the Metro Detroit area, an...
Hey Guys,I just bought my first house and I want with a 4 plex so this will be my first rehab. I want to use same paint color through the house. I’m planning to paint the cabinets gray (pictured below) and walls light...
I was wondering if anyone is doing this strategy right now? Calling banks with distressed assets and navigating their way through to speak with asset managers for NPN's and REO?
Lots of people say it doesn't work bu...
I have amassed a mix of flip project and rentals over the past several years, all while maintaining my fulltime employment - it is not easy working 7 days a week. I am now taking on two more rentals and two new flips...
We are looking into building or buying a web scraper for the county property appraiser website. Does anyone have any experience designing or using these? Any success?
Hey everyone! My name is Cedric Brown and I'm a recent college grad (23 yo) living in the DC area (Arlington, VA), looking to move to Silver Spring next year. I currently work as an engineer with the FDA but after a d...
Hi BP wise ones,
Things, unfortunately, have hit the skids with the tenants I rented my 3BR SFH to in Lansing, MI. On-time payments led to lay payments, to segmented payments, and now no rent paid in Dec. and...
They are also behind on rent, but I have little doubt they won't pay once able. The father lost his job and is trying to get his finances straight(has a new job), however that's not my main concern.
I completely reh...