Hello,I have been hearing on BP podcasts that tenant turnovers can equal about $6000-8000 (one host even said up to $10k, if I recall correctly) when lost rent and repair/upgrade costs are factored together. That seem...
What i understand when i find a property and start the closing process that i have to find a buyer who will pay the final amount. But what i don't know how much time do i have to find the buyer? in case that i couldn'...
Scenario:We purchased a 6 flat in Oct 2016. It was a full gut, down to the walls. Essentially when the demo was done you could stand in the basement and see the roof and all exposed brick. We are now in Month 7 wit...
Do any of you use some type of bonus system with your contractors? $x for early completion. Or, a penalty system for not completing on time?Thanks!
I am looking to buy my first rental property. Thinking of going FHA and be owner-occupant, self manage the property. I believe FHA requires owner-occupant status on 4-plex. Is there a limit to this? Can I decide t...
Hi all,
Relatively new here and looking at my first property. I got pre approved for a standard FHA loan. I am thinking of buying a duplex, triplex or fourplex while also buying another cheaper property to flip. I wi...
For those who have a few rentals under their belt, being sure to find the right next deal is critical. Securing financing is likely a newer investors next biggest hurdle. How are most of you dealing with the timing o...
Hypothetically - I was just diagnosed with a terminal illness. I have exactly 2 years to live and only $50k to my name. I want to swing for the fences (I don't care if I lose it all) on 1 last investment. I know it ma...
I just recently finished converting my garage into an ADU and it was finally approved on 11/4/2020. Does anyone know how long it takes to get the certificate of occupancy or any tricks to expedite it so I can rent out...
In the DFW area and have started a development deal on a piece of property that has 3 houses sitting on it, in perfectly good shape. 70s builds. Needing to move the properties to other land. Anyone have suggestions...