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Hi everyone,I purchased my first rental property, a duplex, over 3 months ago and I have been unable to fill in the vacancy. Here is the info:It's located in the northern part of So Cal, in a C neighborhood.At the tim...
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What are some checkpoints or data numbers you always look at when searching for an out of state market for rental properties? Crime rate, job growth, population, median income etc. Anything else that is a must to review?
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Hey there! If turn that my primary home into a full rental and receive $3,000 per month... am I able to claim (75%) of that rental income when the lease is signed? Do I have to wait a set time and/or wait for taxes to...
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Hi, All-I am trying to decide if I should go with a lower 7.375% interest rate and pay 1.65% in points (approx $3270) or go with a higher interest rate such at 7.62 or 7.75 and pay less points. Lenders are telling me ...
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Does anyone have experience appealing the property value of their investment property and receiving a refund IN Memphis? If so, please share your experience. Did you use a company? Did you go through the process yo...
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I'm in the process of refinancing my place. I have had refinanced once to get a lower rate, but I want to refi again now to get out of my PMI. My issue is that I've been in the place for 12 years now, and I feel like ...
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Hello BP community,when obtaining insurance for your new investment property, what balance between the deductible and total premium do you look for?Does it matter to you if the deductible is as small as possible and t...
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I am a new investor looking to purchase my 1st rental property. It is a 12yr old townhome in good condition that will require minimal repair to be rentable. The 1st and 2nd lienholders approved my first offer of $8...
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So I've heard a few investors on the podcast spit their numbers after a BRRRR and all of them said they cashflow. But using the 50% rule of thumb as a conservative start to estimate capex/vacancy/repairs, they did not...
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As interest rates rise there will be decreased purchasing power. This automatically decreases the amount of house, duplex or whatever we can by (if a loan is required) based on the debt to income ratios that a bank of...