Hi BP Family,I am a newbie looking to invest is real estate in the Pittsburgh, Pa market. My first project that I want to buy is a home from my grandfather who is 90 years old that I will turn into a rental. He no lon...
Do I need to get a Brokers License, Property Management License, or other license in order to provide STR management services?
What do you personally keep in reserve for each one of your single family homes? For my area and the value of my property as it seems prudent to have no less than 1500 in reserves for each property.
I am meeting with a few contractors this week, I am trying to find one that I can trust to do complete rehab work on rental properties and flips. How do most of you work out your compensation agreement with the contra...
Please advise on the following deal. This is my first deal in Dayton, OH.
$94,000 Purchase Price
$30,000 Rehab
25% down + Closing= $27,000
All in= $57,000
ARV= $125,000
COC= 12%
Neighborhood Grade= C
Cons...
I know that when a new tenant offers to pay upfront its a red flag. However, for an existing (good) tenant anyone ever consider offering a plan where rent can be paid in advance in return for a discount? I am in soft...
Hello all, I normally fix and flip, but I stumbled on a property that will make a great investment. Unfortunately, it's too far away for me to comfortably handle myself. The seller and I are signing the contract this ...
Hi all,I'm looking into the tax implication of selling my current primary residence, which I used as a rental during a 4 year stint my employer sent me abroad. I'm interested to learn if there is any exceptions to th...
Have about $2k of profits sitting in a checking account solely for my rental ($4k total with SD).
When can/should I take the excess profits out and invest them?
Hi All!
I recently (November 2020) purchased a property in Northern California and the market lifted quite a bit in the 12 months (18%+). Sadly i am having to move cities due to another job opportunity but didn't wan...