Hi everyone! I am a new investor in the Hampton Roads Va area. In January I rehabbed my first property. The job was supposed to take 6 weeks it ended up taking 11 weeks. The intial budget was 73K including the price...
I knew that there would be good years and bad years and maybe a bit of something in between. I own a 3 unit in Chicago and cashflow about 350/month/unit after PITI. I figured that would keep me pretty well set.
When ...
Has anyone seen any changes in their short-term rental property activity since the Coronavirus Outbreak has started? Any thoughts on whether short-term rentals will take a hit? My first thoughts would be it probably d...
I'm a newbie with BP and I would want to own properties, but because of the pandemic, it makes me wonder how tuff it will be to find and really screen potential tenants. Anyone has thoughts on this, please let me kno...
Would love to start up the discussion where we share our funniest/craziest/most shocking tenant stories and conversations. I'll start (paraphrased a bit).So I am showing a small unit to a few folks. Attractive lady in...
What a relief! Have you ever had your expectations exceeded? Well that just happened on my last project and I have an overwhelming sense of joy from it. I just completed a live in rehab which I intend to rent our l...
Hello, I'm thinking about purchasing either a coin operated car wash or laundry with good financials. My concern is that they are harder to operate than it looks. The laundry mat is in a mid-low income neighborhood ...
Hey BP!
Here's one for you. Tenants moved out and there is water damage to several planks of the Pergo laminate floor that was newly installed just before they moved in 3 years ago. The seams between the planks hav...
Hi BP,I've done nothing but long-term rentals up until this point, but with everything going on, I'm wondering if this is all increasing the need for traveling medical professionals?Do any of you specifically rent to ...
I just closed on a 2 bedroom 1 bathroom single family home which I bought as a rental. It doesn't have a refrigerator or stove.
My question: Should I buy a used(habitat for humanity store) or brand new fridge and stove?