Samantha Soto
Rule of Thumb for cash reserves?
Is there a rule of thumb for how much cash you should keep on hand per unit? I have set aside 5k per SFR in case of repairs. I would love to hear what other people are doing.
Eric Li
Repair problem: who should pay for repair.
I managed a rental by myself for a few years. I have this tenant moved in since Jun this year. In end of Oct, I got a message that the garbage disposal stopped working and there was leak under the sink. I went there t...
Daniel Mendez
Texas Investors: For those of you who flip properties
Good afternoon investors,Can anyone tell or shed some light as to what is the minimum % of the ARV (excluding repairs) are flippers looking to purchase properties at in DFW or in Texas?Thanks in advance!
Cecilia Gonzalez
Looking for a Hard Money Lender
We are looking for a Hard Money lender to help us with the purchase of our flip. We have a contract, two independent evaluation reviews of the home, a bid for the repairs from the general contractor who will be doing ...
Michael Johnson
Purchasing Multi-Family property in Houston.
Greetings from the desert in Dubai everyone, my wife and I are looking to purchase a multi-family apartment building in Houston area, can anyone recommend a good realtor and Property Manager to assist us? We are looki...
Mitch Horwart
Offering and negotiating on a property in need of reparis
Here goes my first BP post!I just looked at a property today that was purchased in June 2017 at 140k and the owner had some bad tenants that trashed the place. He now wants to get rid of it and is asking 139k. The hou...
Kent Verge
Old fire damage (repaired) found during inspection
We are in the inspection phase of a purchase (offer pending inspection) and found evidence of an undisclosed old fire in the attic that had been repaired. When I asked the seller about it, she said, "Oh yeah. I just s...
Chris Sean
Rental Property: What Percentage Of LLC Funds Can I Pay Myself?
I hear alot of people discuss ROI but nobody discusses what percentage of your monthly income you can actually expect to make it to your pocket/pay yourself from your LLC after expenses. If you have any insight thanks...
Joe Rogan
Help Managing my Reserves
Hi BP. In the last three months I have managed to purchase my 3rd and 4th property. Up until now, all income has been saved. I only dip into my reserves when the properties need repairs or upgrades. However, now with ...
Antonio Esposito
First rental property
I'm navigating the process of purchasing a rental property for the first time and would love to hear the forum conversation insights. I'm currently under contract for a rental property in another state. Last night, I ...