What’s a good rule of thumb to follow when starting a business or owning multiple properties for how much you should set cash aside to go towards the mortgage, expenses, emergencies and paying yourself? Thanks in adva...
My husband and I have recently purchased a rental single family property in a class B neighborhood in Los Angeles and few weeks ago there was a shooting involving the neighbor next door who shot and killed two people....
I have read in many different books/articles the Pro's of assigning real estate purchase agreements. It seems like a simple enough strategy for people to get started in real estate who may not have enough money for a...
I was told when talking to guru's that when buying an investment property, to make sure that it is purchased as an LLC and insured as one as well. From my research (NJ), no bank will lend to an LLC (meaning I cannot ...
Do I have to take over a property management company when I purchase a property with renters already in there? The property management contract with existing owner does not state it????
Does anyone know how people typically value PM companies when/if they sale them?
Do you think it's appropriate to place a tenant whose primary source of income is from new memberships of a multi-level marketing company? What if the tenant destroys the air conditioner, let's say with a hammer, and...
Hello! Newbie here to Bigger Pockets and REI. Looking to invest into a real estate however I feel that my situation is making it difficult.I currently rent in a suburb of Houston with great schools. I need the schools...
Hello BP,My friend and I purchased a duplex in Boston and have been house hacking for a little over a year now. When we decided to purchase this property, we had several in-depth discussions about expectations, respon...
Hello all. My significant other and I are newbie investors. Over the last 2 years we've flipped a couple houses and managed to save enough to purchase our first rental with cash. Each of us has about half in our own a...