Lee Anne Collins
Looking for advice on Galveston, TX short term rental market
My husband and I live in the Houston area and are wanting to purchase a house (not a condo) in Galveston, TX. We love the historical looking houses, so not beachfront or anything. We plan to market it as a STR, and oc...
Michael White
Seller Financing - Minimum terms?
Are there any typical minimum terms that those providing seller finance impose on the buyer? Surely as the whole point of selling financing is to obtain a long term steady income, it wouldn't be in the interest of the...
Steven J.
What causes a property assessed value to drop 15k?
i'm doing some research on a property in a smaller rural town. In the past, under ownership of a long time owner followed by Wells Fargo the property assessed for 34,100 in 2011. After it changed hands to a CPI Hou...
Ebenezer D Grant
New Landlord with tenants in place question!
Hi BP Family,So I just closed on my first multi unit deal with two tenants in place, one of the tenants has been there for a long time and the previous owner never took security and last from them. They are on a mont...
Kris L.
Capex seems like its calculated wrong
So I was reading the BP book on rental investments and it tells me to keep a % of rent aside for this, but that makes less sense to me than a $ amount. For instance, if I have a 1200 sqft 3/2 in a class C and a simil...
Michael Warneke
Chicago Property tax spike
BP,Curious as to your insights on first year ownership and tax spike. I recently received my tax bill for a property I purchased in Chicago and was stunned to see an increased in assessed value of about 50%. The previ...
Amy Yarnall
Refi, HELOC, 3rd position
We own a rental worth $220k. (Cash flows $400 per month.)We have a conventional mortgage with $50k left to pay that will be paid off in 2025. We also took a HELOC loan to buy a second rental. That has automatically co...
William Howley
Creating Comps for properties in Hillsborough FL
Hi, I am a local investor in Tampa, Florida. I was just wondering what other people are doing to do their comparables research. Are they relying on a real estate agent? Do I need MLS access to do them myself? Is there...
Account Closed
L.A. Wildfires and Their Tax Implications for Affected Residents
Los Angeles County continues to grapple with devastating wildfires that have claimed five lives, destroyed over 2,000 structures and forced the evacuation of at least 130,000 residents. As firefighters persist in batt...
Dan Krupa
Collecting rent monies online
Does anyone have a site they recommend for collecting rental monies from tenants/online direct payment?(paypal, freshbooks, quickbooks, etc...) With freshbooks you can send an invoice and they can pay online. However,...