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Purchased a 1 bedroom condo for $180,000 in late 2008. Current CMA value is $130,000. Reserves: Reserve fund was $16,000 in 2008, but NO reserves remaining. There have been no reserve studies.Financials: The condo c...
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This tenant called me today Monday and said they are moving out on Wednesday because they don't want to be evicted. The husband had an accident and and did not work for a month and they said they would catch up once h...
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Hi everyone, I’m looking to buy my first house hack in the Denver area. I’m hoping to buy a home around 500K with 5 bedrooms and renting every room while sleeping in a trailer. Currently a mortgage would be around 350...
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Hi all! I hope everyone is staying safe and sane through these strange times. I am scratching my head (figuratively) and hope a few can give some advice. I have a condo in a large gated community of both sfh and condo...
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Here is a question that was posed to me by an old friend recently. He is attempting to do some joint venture or syndication type transactions. In our conversation, I mentioned to him that I am aware of private individ...
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The real estate market is often the subject of speculation and forecasts, some predicting downturns or even crashes. However, based on my extensive experience and observation in the field, I believe there are strong r...
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The goal of every real estate investor is to buy prime real estate where money gains will be easier and rental returns almost guaranteed. But, as with any investment, the danger of loss is real and timing is everythin...
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Hello BP! I am located in Southern California. In order to take advantage of the current market, I am deciding whether to sell my SFH Southern California property I bought in 2014 and do a 1031. As you know, the Cali...
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After hearing about some crazy success stories (or what I consider success stories) on having tenants stay for 15 - 20 years, it got me wondering.
What's your #1 tip for finding a tenant that will stay in for...