Michael H.
Lender pulled plug on conventional refis for rentals as of monday
Hey BP family,
Ive got another property into hard money, started the conversation early with the lender to refi out of hard money,and they sent me packing. something changed monday, and they said for the next month...
Conor Goddard
Why is there a 2% rule ? Why isn't rental investment the easiest?
Hi All!I probably have the most newbie question ever, but can anyone explain to me why there's a "2% rule" and why getting a loan and then having a tenant pay it off isn't the easiest way to gain an asset? What am I ...
Gabe C.
Depreciation Value Source
I'm working through some tax prep, and was trying to get to a depreciation value to use on secondary that I converted to a rental. The value assessed by the county is easy to find/use, but my property is worth more th...
Account Closed
Flipping in Bakersfield, California
Hello BP colleagues, I have always envisioned my REI business as a buy and hold business, but my wife and I have recently realized that to reach our goals we will need to flip a few homes in the next few years. We v...
Derek Mizysak
Any glaring cons of a duplex 1 Upper/ 2 Lower BR?
Looking at a duplex priced about $30,000 under market but it’s a 2BR lower and 1BR upper in Milwaukee, WI. Not sure if I️ should shy away from smaller duplexes with only 1BR in one of the units. Is there a rule of thu...
Richard E.
Is there a rule similar to the 1% rule for short term rental purchases?
Esteemed listmates,Im looking to buy an STR in a pretty good vacation market here in CA. Im running numbers alot of different ways, but in all my investing (and I am not new at this) my underwriting has been gorilla t...
Account Closed
Looking for a $reasonable engineer in San Antonio...ASAP.
I have a property in Castle Hills; the city has my complete work summary/scope of work description...was approved and issued a full rehab permit. Three main areas; I removed three walls and replaced with proper lvl's ...
Account Closed
How do you look at cash flow?
Hey BP. Currently I'm close to putting my first SFH under contract. And I plan to stay in the SFH field until for a few years. I want to get well established in SFHs. After I've grown my portfolio with houses and feel...
Andrew Rellinger
When to rip out carpet and install LVP?
Hello everyone,I recently purchased my first house and am seeking advice on a potential flooring dilemma. My plan is to live in the house for about two years, possibly engaging in month-to-month house hacking during t...
Shannon X.
Couple of questions
After reading online blogs and these forums and not understanding some questions I have written down a few that I would like to ask.
1) How do you find out how much money is owed on a house? For example I find a sell...