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We have pleasant, reliable, and non-complaining tenants with us for a year now, and we are thinking of extending their lease for two years instead of just one. The only disadvantage I can see here is that we may have...
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New investor here. My first property was a multi-family in Iowa. I got it for dirt cheap, and now I see why. The former owner (LLC) was rather lacking on upkeep of the units. And now after a year, the utilities are ea...
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Hello my fellow BPs, I'm considering of starting my first investment property soon. I have been doing my own research by reading the BP blogs, listening to the podcasts, asked people questions (including my CPA). Howe...
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Hi everyone, I am a complete newbie but I have been listening to as many podcasts as I can and I also read "The Book on Rental Property Investing" by Brandon Turner. I found the chapter on planning to be especially us...
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I'm currently evaluating several different properties and need to purchase 2 prior to the close of the tax year. Some have very high appreciation potential with less cash flow while others have great cash flow and fa...
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I am considering a "strategic default" of my condo property in California. I bought it as my primary residence in 2004, but have rented it out for the past two years. I am more than $100K underwater, and do not qualif...
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Hey all,This is my first discussion on BP. I have been a follower of the fourms for months, and finally found a topic that seems to not have any coverage. It almost scares me, that the answer is so obvious that no on...
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Hi BP community!I am a relatively new investor in Fayetteville, NC. My first rental property is a 4 bed, 3 bath single family. Purchase price was $150k and current rent is $1,475. My analysis of the property is as fol...
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My first post on BP!I have been a 1-property landlord in Madison, Wisconsin for the past five years, and am now checking out a HUD owned property to owner-occupy for a year before selling or renting out. It is in a d...
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Hey! currently looking to close on a property, and the structure of the property is encroaching on the neighbors lot by 6.3ft. We've contacted the neighbor and he's agreed to draw up an easement to resolve the issue. ...