Josh Corby
Rental Property Expenses
Hey guys! Can someone provide a breakdown off all the expenses involved with managing a rental property. I understand the basic expenses such as PITI. However, I'm struggling when accounting for maintenance costs and ...
Peter Schuyler
Using Maintenance Reserves to Crowdfunding
Im curious if anyone else had tried this:
At the beginning of a lease, say I would reserve $250 a month into a checking account to build up for Capex and or small repairs. I actually use 10% of the gross rents whate...
Carree Todd
Evaluate this deal. Brrrr
Hi BP,I have an opportunity to purchase a 16 unit building. Only 2 units are currently rented ($450/month). There is an absentee owner whom inherited the property and has let it fall into disrepair.I am looking to brr...
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“Subject To”
Happy Easter!
“Subject To”
Harry Homeowner has a duplex that he absolutely wants out of. He is willing to do whatever he can to get out of the situation. Truly motivated.
Due diligence brings back the facts that he...
Miho Y.
Insurance for Leasing a residential property to a business
Hi all, one of the prospects is an owner of a car repair shop near by our rental property. Our property has a large outdoor parking space, which they will be naturally & possibly parking their clients' cars. Is th...
Jonathan Johnson
$1.5MM 62-unit Owner Financing Deal
Hello BP,I have a goal of 100-units and I currently have 5 and a full time job. An opportunity to purchase 60 or so with apartment and several SFH has come up with an option of owner financing.The opportunity lies in ...
Karl Kauper
Laundry Equipment - Cleveland, Ohio
Just curious if there's a consensus: Is it better to own or lease your laundry equipment in the Cleveland, Ohio area (or any area)? My PM is recommending we get rid of our coin-operated laundry machines and replace th...
Chan K.
Seller Breaks the P&S Contract on Closing Day
Hi BiggerPockets,
If seller breaks the P&S contract on the closing day, will the seller be responsible for all the closing fee, inspection fee and appraisal?
I know by law they have to give back the...
Shaunta M.
Windows in property
Hi everyone i purchased a property and found out from the tenant that all of the windows are sealed shut. I’m not sure if this was done on purpose or because they had been repainted and dried shut over the years. The ...
Bryson Owensby
When to take profits out of Rental?
Have about $2k of profits sitting in a checking account solely for my rental ($4k total with SD).
When can/should I take the excess profits out and invest them?