Seth Mosley
ASSET PROTECTION PODCAST
Hey all..interested to hear some discussion surrounding the recent BP Podcast on Asset Protection (the "YOU WILL GET SUED" issue)So far I have 7 rental properties all multi unit having several units each, and they are...
Jim K.
What's it going to take for the next real estate crash to happen?
BP contributors:
I for one believe we're not going to see a real estate crash anytime soon, and I firmly believe in the power of pessimistic thinking. But I'm also not wholly ignorant of all the aspects of this busin...
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Net Operating Expenses
What do you qualify as net operating income? I've been using the Property Analysis Tool and removed all of my property expenses - taxes, mortgage, insurance, water, advertising, and some other small expenses directly ...
Ralph Dicharry
Flooded Houses in Louisiana
Hi BP familyLiving in Louisiana I'm beginning to receive calls about people wanting to get rid of their flooded houses from the 2016 flood. I have never thought about flooded properties before so I decided to reach o...
Emily Sulliban
50% Rule- Is it Really a Rule?
I've been reading on the 50% rule for calculating viability on a potential rental income property:
Gross monthly rent
-(minus)50% for operating expenses
______________________________(equals)
NOI(Net Operating Inco...
Ashley Benning
My retirement does 6%--Do I drop it like it's hot?
I have about $0 saved up for REI. It all went into the purchase of my primary residence a year ago, and now that I'm stepping up my REI game I'm regretting that. Live and learn.
My down payments with HMLs comes from...
Dhwani Shah
Made a mistake in purchase contract, how do I correct it?
Hey guys. So my wife and I are in the process of buying a home for ourselves. We have one investment property, but this is the first home for ourselves. The listing price for this was 320k, but we ended up getting it ...
Mark Forest
This house has no takers
I can't seem to get this house rented even after many rent reductions. Please offer advice and critisisms. https://www.zillow.com/homedetails/Morrish-St-Burt...
Dominick Galinis
I’m missing something, right?
Hey BP fam,So, I’m in the home stretch to having the savings I want to get my first property. I’m going to be using a FHA loan for either a triplex or 4 plex. I use Credit Karma to look at my credit score and they off...
Ed S.
Direct deposit: is the rent late or on time?
Hello BP,I'm thankful for such a place where I can get experienced advice. Here's my situation. Rent is due on the first and my grace period is 3 days, so on the fourth its late. I haven't had a problem with any of my...