I'm looking to buy in Bakersfield. 2 properties around $150K each to rent out. Outlay will be $30K down, $750 per property monthly mortgage, income will be hopefully $1,200 per property. Am I insane? 

I have brought this up a few times in other discussions and figured best to a new post so everyone can follow along and see how the build is coming.  Here are the specs on the property.  Duplex,  3 Beds 2 Baths 2 Car ...

So I am curious, a friend of mine and I are working on a flip and some of the rooms have wallpaper all around. One of the contractors we spoke to mentioned that it may be cheaper to just put drywall over top instead o...

Say I buy an apartment building today with a 5 year note that amortizes over 30 years. I'm cash flow positive -- lets just say interest rate of 4% and a 7% cap on the building.

My real question is this - What if rate...

Good evening,I'm an investor out of state, the owner of a single family home in Cleveland.My property manager told me that the city of Cleveland has initiated a new lead based paint certification, moreover this certif...

Primarily do Self Storage.  As I have looked around several cities, I have come across Industrial Flex, Contractor Garages and Contractor Incubator buildings.We have 4 acres set aside on a 4 lane road with 15,000 Vehi...

Over the last couple of months, I have been extremely patient. I have made a few offers, but it still appears that sellers are still hopeful for 2021 prices. Stuff is sitting longer, and are less affordable in my area...

I have a tenant who has an MMP card and is growing marijuana. It is not clear on the landlord rights to have access to the room. According to the law for the grow room, only the caregiver and patient should have ...

I have been doing a lot of searches on the BP forum about appliances for rental properties. I am really surprised to see that some landlords do not provide appliances. I am located in New Hampshire and I have never re...

Hello,

What is the difference between the two or are they treated the same by the IRS? I keep getting different answers and I just wondering if someone could clarify.

Thanks,

Lauren :lol: