I've been looking for my first rental property in Buffalo, NY area and using the rental property analysis tool from this site to do evaluations. I use estimates of 5% vacancy, 5% repair & maintenance and 10% cape...
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I came up with a new way to quickly evaluate if a deal will cashflow.I call it the 10% Rule: if annual gross revenue is at least 10% of the financed amount (after putting 25% down) then it’ll most likely cashflow.For ...
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Wanted to get a sanity check here before we get too much momentum. We were going to wait for the market to chill out and save for downpayment, but this opportunity came up and we're inclined to seize it.
We've always...
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What are some efficient and convenient ways to collect cash rent?
I have renter that was supposed to send me rent through cash app when we started the lease, however he was trying to say he couldn't get the app to wo...
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Hello BR family,My partner and I purchased this home for 449k, the reason behind the purchase was the modern pool installed in 2021 & big backyard. Anything in the area with a modern pool not those oddly dated sha...
Long time lurker... looking to get into RE investing, and running tons of numbers and am currently in the paralysis by analysis stage. I run numbers on some properties where things look good, but then it's a minimal a...
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Hey BP community, Do you own anywhere from 1-10 SFH, duplex, triplex, quads or other properties that you manage yourself? If you were gifted an elf that could tackle only one job, what would you have the elf do to...
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I have alluded in other threads on BP the past few weeks that we are saying Good Bye to long term tenants we inherited with a property bought two years ago. We served them with a month ago with a notice of terminati...
I have been looking for ways to streamline my marketing. In the past, I've been doing a mix of yellow letters and calling people. Although it sucks to do, calling people has been way more successful. Even if you en...
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If you are doing multiple renters under one shared roof w/common living areas like a kitchen/etc, then do yourself, your investing dreams, and your renters a MASSIVE FAVOR by learning & implementing coliving pro...