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I've learned so much lurking over the years and I'm very grateful for all the wisdom here. I couldn't find the answer to my specific question in the forums.My husband and I have just 3 small rental properties (duplex,...
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So my plan is to remotely manage a few vacation rentals I currently own. Trying to set them up to be as "hands off" as possible. I have local resources to help out if needed, but trying to minimize calling on them. I'...
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Hi All!I'm new to buy and hold investing. I'm using a excel spreadsheet that has a conservative 10% vacancy reserve and 10% maintenance reserve every month. I've spoken with turnkey companies that say they use a much ...
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What we really need is for local banks to start doing commercial loans on investment properties (SFH) again.
I know some states are still doing these types of loans. But here in Illinois, our local banks have complet...
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I found a great deal to house hack with lots of potential to build equity with a few repairs. I would really love to make a move on it, but I am running into issues getting it financed. I don't have enough cash reserv...
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Long Distance Self Managers! I live 2 hours each way from the property. I rarely drive down there but when it comes time for a new tenant I want to meet them and be involved. (This is a new purchase closing next week)...
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General Question:Several of my rentals have boilers across the spectrum of quality and age. My oldest boiler is in a 5 BR 2 BA house. It's been producing a LOT of carbon monoxide, so much that I feel like it's a haz...
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Hi everyone,I'm trying to understand any risks to a mortgage during a recession and happened historically. This will help me understand how much debt I want to take on as I continue to look for opportunities. Two main...
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Hey Guys,
As part of DIY discussion, how do you manage your own property and why (or why not) you prefer (or do not prefer) property management professionals to handle it?
Do you use any property management softwa...
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Good Afternoon BP,
I was wondering if anyone here has formed an LLC before buying property? I’ve met a few individuals in my city that chose to form an LLC because they planned on purchasing a lot of properties. Plea...