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I am going to spill my guts and provide you with as much information as I have. This is for a personal residence and not and investment property although our current home could become a rental property.
For starters...
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Hello All!
Fair new here but would appreciate any insight or advice!
I
was previously in the Army and bought a brand new single family home in
El Paso, TX using my VA loan in 2012 for $146k. I moved back to PA
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We have a property in Crown Point that was put into a 3 year lease with option to purchase in June of 2017. The tenant put down $3,000 option and paid $1700/month for the rent. They were also responsible for all uti...
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I have a young couple wanting to rent a 2/1 for 1325.00 a month They have good jobs and the income is more than necessary to qualify . But their credit is 466 and 501 . They are in their mid 20's . Everything else lo...
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Hi, Bigger Pockets family. Here is my Scenario My wife and I own a duplex that we bought in 2017 for 144k. We live in the 1st unit that was renovated and now we are about to finish and rent our upstairs apartment. The...
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I just picked up a new rental about 2 weeks ago A nice 2/1 with a unfinished basement . Been going over everything , called my painter last week and he tells me he is swamped and cant get there for 3 weeks . Damn . I...
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Hi, first post here.
I live in Bellingham MA and Woonsocket RI is right next door. It's known as a not so great area. Lot of drugs and low income housing. A lot of vacant commercial spaces.
But I keep seeing 2-3 fa...
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Hello! This is the first time I need to think about eviction (I haven't been a landlord for that long...) and definitely need some help. A woman has been renting my condo. She usually has to split payments but was abl...
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One year ago, I purchased a property for $550k and signed a tenant to a 10 year lease. The proprietor was a coffee shop/bookstore that was operating down the street. They wanted to expand as well as offer food and a...
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Hello-I’m looking at a 4 plex with an asking price of 950K (California!) and annual rent of roughly 77K. As I read through the forums and google, I’m seeing 1% rules for cash flow and 50% rules for NOI and expenses. ...