Jack B.
Do you pool reserves for all your properties?
For example, I set aside a specific amount for each rental. Each year it comes out to about 7,500 in reserves to cover vacancy, maintenance, for each of a small handful of rentals (let's say 3). It's really rare I hav...
Vincent P.
What to look for when buying a condo in Nj
Hello- I'm considering putting a offer on a condo on the outskirts of Jersey city. The property will cash flow positive and is for a buy and hold. What should I look for when buying a condo vs a single family home? An...
Lexie De Stefano
BRRRR ARV for House Hack too high for DTI Ratio
BP Fam,I've run into an interesting dilemma with my primary residence BRRRR/househack: The new ARV will probably be too high for my single income to qualify for DTI ratio requirements for the mortgage post-cash out/re...
Ian Zaretzky
Did I just get banned from messaging? A newbie strikes again.
First of all - Gday! I am new to BP forums and tools. I'm an Australian that has lived in Colgate, WI for 5 years now, married to a beautiful Wisco cheese head. Father of 4 (b11,g8, g6,b3), and planning for college i...
Ben Winchester
What to do with my money while I find a deal...
Hey BP!My cousin and I are slowly working into a partnership. He recently refinanced one of his rentals and doesn't know what to do with his money while we find a deal. He doesn't want to let it just sit in the bank a...
Evan Bell
Landlord insurance as percentage of rent
How much do you figure your insurance policy should cost you as a percentage of the rent collected on that property per month?
Dan S.
New landlord/applicant questions, etc.
I have a property that I recently rehabbed and I have on the market. I had it listed for a couple months and brought the price down due to no applicants (but I had had lookers). My post said no dogs, cats only. More ...
Joyce Kim
How to avoiding commingling
I have a question about how to avoid commingling of funds...I am about to close on my first rental property in my own name and have plans to transfer the title into an LLC later. Once I have the LLC, I will be able to...
Billy Houston
Loan types and how they fit into investing
I am new to the rental game, kinda. I rented to my parents for 15+ years and when they past I rehabbed the house and sold it for $120k profit. It worked well because it was a rental they were renting for someone else,...
Rich C.
Roommate Switch Out - Pet Fee Return?
I have to perform a roommate switch out in one of my properties. The tenant lived there 3 months and paid a non refundable pet fee. I am trying to figure out if I should return a prorated amount or keep the fee. An...