Steve J.
Maintenance Budget Question
Hello BP!I’m a newbie, I purchased a home warranty for my rental, I got the everything plan! Prior to this, I was allocating 10% for capital expenditures every month, and 5% for regular house maintenance. Given that I...
Orlando Goodon
Would you do seller concession on $900k quadplex?
Trying to get into the mindset of a seller. You bought a house real cheap. Invested $200k into it and did top quality work. Then you try to sell it around $900k in an OK area, near some not so good areas. House is top...
Kristopher Kelly
Does Anyone Use Coverage for Their Appliance's?
Hello BP Fam,I was wondering today if I should keep my "Home Shield" Coverage once converting my primary to a rental. I have used them and have heard good things from friends that use them as well. I don't know if any...
Yuri McMutry
DO NOT SPEND YOUR MONEY WITH THIS HOME WARRANTY COMPANY
Please do NOT spend your money with this "Home Warranty" company. As a new customer to Select Home Warranty I am very disappointed and upset that I spent my money purchasing a policy with this company. This company ha...
Raymond Lau
How to approach saving money for first investment property
Hi I'm new to the forum and would like to get some insight on investment strategies to save for 1st rental property.My sister purchased her first SFR last year with conventional mortgage (20% down payment,30 yr fixed ...
Lisa Wilson
HOA does not have Reserves. Community didn't approve Special Assessment. Sell?
Hello, I own a townhome in a Community. The community has private roads not maintained by the City. There have been many water main breaks (significant issues with pipes) over the last few years. At this rate, the HOA...
Arlan Potter
No reserves necessary
I have seen a bunch of questions about reserves for things like vacancies, major repairs, and capital improvements. In my opinion, these are not relevant to my rental empire.I try to find properties that at a minimum ...
Keith Rowel
Rental Property Options. Good Move?
Hello BPers,So before I was saying I had good credit but no cash reserves so due to not giving up I believe I can get the cash reserves and also gain two rental properties. Tell me what you think about this situation....
Account Closed
Sufficient Cash Reserves
There are a plethora of investors with years of experiencing on this site and I was hoping to glean some knowledge. I have one single family home rental and I am currently looking to acquire a small multi-family prope...
Horacio Gutierrez
Financing rental property
Hello,
I heard that banks want you to have 6 months reserves to be consider for you borrow money for a rental property. Say I have 4 rental property already with banks loan with postive cash flow or break even and...