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New Scam Alert for Rentals - See if anyone has heard of this. We have a rental property in Texas. We were trying to rent for modest amount $1000 per month. Someone applied. Made plenty of money so we decided to procee...
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Hello BP,I have some tips for those of you who are currently investing or considering investing in areas like Kansas City, MO, Liberty, MO, Riverside, MO, Parkville, MO, and Gladstone, MO. Recently, we had a fire at o...
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For all you number crunchers and RE investment pros, analize this: (Hey, isn't that a movie with Robert D!)
Commercial unit (Retail Strip/Office) Street facing
4500 square feet. 2 units
Market rents: $16 per square a...
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I recently purchased a 5 unit apartment bldg. I plan on keeping it indefinitely . Cost to put it into a LLC would be approx. $4k because of transfer tax & LLC fee. Liability is my main concern! Should I just incre...
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Hello,
My name is Ricky and I'm brand new to BP and to real estate and wanted to get some opinions from others who have done this before.
I'm trying to determine when it makes since to sell vs continue to hold a re...
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Investing in lower income neighborhoods is my niche. I was born and raised in the hood so I'm comfortable with these areas. Yes, the crime rate is higher than other areas, the schools are not as funded, and there are ...
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How does the bank know if you are fulfilling your one year owner-occupied requirement? Does this change if you move out but don't actually have a tenant until after the one year is up?
I'm not saying I am going to d...
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On of my best tenant's was burglarized this last week. He and his family were at work and school and someone kicked in the front door and stole a lot of valuables. The police are still investigating, but it sounds lik...
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Hello everyone. I'm seeking advice on if this would be a logical way for me to start investing. I graduated college last May, started a job in January, and am hoping to buy my first multifamily in the next year. While...
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Property: Brick / Block 1570 sqrft 3/2 with additional office built in 1956 on 1 acre lot (most lots in area .5 acre or less)ARV : $185,000 (used $180000 for profit calculation to be safe)*Same house 2 doors North sol...