David Garcia
multifamily financing for first investment property
Hello and good afternoon BP, I am looking at purchasing a multifamily(2-4) for my first investment in real estate. I hope to purchase one by the end of this year as a long term hold rental unit. I am unsure about what...
Victor Robinson
Pay off car loans or save for another down payment?
I presently have a portfolio of 25 doors. A mix of sfr, quadplexes, and one 3-unit office building. I’m pretty highly leveraged at the moment. Roughly 80% across the entire portfolio. I have a decent w-2 job, low 6 fi...
Nathan Shankles
$224k in equity, $800/mth cash flow - how do I grow?
I’m 32 years old, and a full time teacher. My wife and I own two investment properties with $224k in equity that are currently cash flowing $800/mth after all expenses and after accounting for vacancy/maint/capex. Our...
Account Closed
Prime wallpaper then texture?
Hi BP, I have a handyman coming tomorrow, and I have to decide whether I want him to strip all the drywall in the upstairs of the house off and us re drywall everything which involves taping, 2 coats of mud, sanding t...
John Jabson
PT Real Estate Agent
Being a PT real estate agent with no intention of ever going full-time....good or bad idea? Time consuming? Profitable? Not profitable? any ideas would be helpful...
Bruce L.
Can I deduct from Security Deposit?
Hi guys,So my tenant just moved out of the place and wanted to get your feedback as far as what you all think is reasonable to deduct.Above are the pictures of damages caused by the tenant.Before Move-InDuringMove Out...
Tarica Davis
RE License or wholesale
Hello BP is been a long time since I was last on the site, but I was working on my NYS RE course. I have just finished my final exam and have scheduled my state exam, and am confused about how I should get started int...
Joe S.
Eliminating pet odor from Hades
I have a rental that is out of the area. We had to evict some non-paying tenants sometime back and the property manager told me that they had more dogs and cats that I feel comfortable mentioning in an open forum. We ...
Gil Or
$294 repair to snake out the bathtub is reasonable?
Dear members!Just got this report from my management company and it says:"- Repairs & Maintenance - Plumbing repair - Bathtub needs to be snaked out. $294.00"Is this sounds reasonable?The bathtub is pretty small, ...
RICARDO RUIZ
Why REI ?
I've been looking around for some time now and I keep reading about cash flow of 100 dollars or less per unit per month. Is it worth the effort ? Here is my situation see what you think..I am looking at REI for maybe...