Patrick Gledhill
Air BNB vs Straight Rental
So I just wanted to see some feedback on this. I have been renting out my primary residence basement and recently had a vacancy and tried air bnb this week. I had a surprising turnout, it was booked for 4 out of the 5...
Dominick Johnson
Always get multiple bids
Last week I was reminded why I made it standard practice to always get at least 3 bids for major repairs. The ac in one of our properties had a leak in the line. Both the ac and furnace worked fine but were 30 years o...
Doug Simpson
Flip Analysis
Hello all, I've currently analyzed a fix and flip, and am working on getting hard money to move forward with, but I would appreciate your thoughts on the deal.It's a SFR, ranch, ~900 ft^2, 2 bd/1 ba, with an unfinishe...
Cody Barrett
Is it appropriate to shadow handymen/contractors?
Hello everyone!Newbie here who will be closing on my first property in the coming weeks. (banks take forever!) but it has let me create/setup my business and get an LLC filed by my lawyer even though I'll only have 1 ...
Jason Watts
First property. 100% financing...
I'm on my journey to buying my first investment property before the end of the year and I've spoken with a couple lenders, and one gave me the name and number for a private money lender that would fund 100% of the rig...
Gabe Pringle
Tiny homes
Hi - I am a Michigan resident with two single family rental properties in MI. I would like to move into vacation rentals and have a new business idea that I'd be interested to get feedback on any potential roadblocks ...
William Rose
Results From My First Mailing
Alright, I'm an investor that's located in Maryland and I just sent out my first 500 mailings to absentee owners in my county. I sent the letters out on Friday the 9th and so far I've received about 4 calls back....
Harman N.
25 year old furnaces, water heaters: replace upfront or let fail?
Hi all,I bought a 4-plex a couple of weeks ago. Three of the four furnaces are 25+ years old, and three of the four water heaters are super old as well (18, 24, and 25 years). It's in a rough but rapidly gentrifying n...
Britnie Batish
Sold a flip home, but new owner keeps calling
We finished our fourth flip home which was our biggest flip yet. We had to have the house almost completely rebuilt, but we felt really good about the product we were selling. It had almost everything new. The new own...
Aaron Junck
"50% rule"
As far as the "50% Rule" goes.
When you evaluate a property and you say 50% of the monthly gross rents should be figured for expenses prior to servicing any debt, does this vary much if you are going with new constru...