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I just got under contract for this 5BED/2BATH w/mother in law unIt property where the numbers run great with almost $600 of net cash flow a month, which I believe to be decent for my first investment property, BUT the...
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Hey! I recently purchased a property and am in the process of converting the basement into a legal suite, It is going to be a two bedroom unit. I was wondering what people’s opinions are on putting a dishwasher in the...
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While the phrase "Can you hear me now?" is from a cell service carrier, I wonder what would have happened if Ros Perot would have used that line in another presidential run. Ross Perot warned us all about the dangers ...
I have a SFH that I bought and kept the tenets and the rent rate....now 3-4 years later I am curious what math is used to decide when to move them out. Remodel. Raise rent. Currently rent is 1/2ish ($700 now to $1,...
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We recently had a tenant that just moved out. The house has the water heater outside, and so we built a small room around it and put a door. After the tenant moved out, we noticed beds and various other paraphernali...
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Was wondering if anyone hear has taken a second mortgage (Heloc, loan, etc) on a rental property and reinvested the profits to get a better return without having to sell the property. Any success stories?
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I just set up my LLC that manages my self directed IRA. What expenses are considered legal to expense out of this entity? My custodian seems conservative. Would travel to look at investments be legitimate? My custodia...
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Viewed a small vacant residence today in need of some cosmetic repairs that's for sale. The thing is the smell. It made my eyes water. I talked with a neighbor who told me the last tenant never lived there but kept 15...
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We converted our previous home into a rental property a few years ago. I'm refinancing the home and am wondering if I should setup an LLC and put the loan and everything into the LLC versus just having it all in my na...
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Hi BP members, I am looking to take it to the next level. I have 3 low cost rental properties in Lumberton NC done 100% cash and one fully financed in Norfolk, VA - all done in the last 18 months. My wife an...