I'm new here --we bought a 5 unit rental property in Hillcrest (San Diego, CA) for $411k in 1999. It has a positive cash flow now as we've remodeled and raised rents over the years. I manage the property and we live n...
Hey guys,
I hope to buy more real estate after the holiday season. I have two options for financing with my current lender, either take out another 30 year montage on my W-2 income or refinance on one of my rental pr...
Hi BP,Yesterday I met with a client of mine that wants to list their mother's home. It's in a desirable area with limited inventory. The school districts are award-winning and within walking distance to elementary, mi...
I bought a multi family in Elizabeth NJ straight cash for $190k thinking I would quickly wholesale or flip it but kept it. It needed some work and I’m at $240 done with it. Now I’m in bubble because I want to keep it,...
I spent the long Christmas weekend at the OB. While there we looked at several properties. It became very obvious that some owners were either unable or unwilling to spend on anything but basic type furniture and re...
I purchased my third SFH in mid-August. The PM got it spruced up and started showing it. But he's only gotten one application despite numerous showings. He's lowered the price once. My other two rentals are with him; ...
What are your steps to vetting a new contractor?
E.g - getting copies of the insurance and license?
Anything else?
I have been researching how feasible is self-managing a STR with a demanding fulltime w2 job (50 hours/week). STR pundits such as Robuilt and Short Term Shop tout that once you have your processes and core team setup,...
Hi BP community,So I’m in contract on a property in Parma, Ohio, and I’m shopping around for quotes on Homeowners Insurance. Given that I’ll be a Landlord, are there Landlord-specific things that I should be looking ...
If you have not read Part 1, here it is:https://www.biggerpockets.com/forums/55/topics/690349-from-bankruptcy-to-1-000-units-part-1-thru-the-dark-tunnelHow I SurvivedSo I got my real estate license...so now I had to p...