Valerie S.
If you borrow for down payment how do you pay it back?
Hi everyone, I have super newbie questions! If you're borrowing private money for a down payment, what's the best way to pay them back? Do you add it on as an extra monthly cost or is there a better way?
Jimmy S.
Cashout refi
Doing a cashout refi and not sure what to do. Would you take a interest rate of 4.125 and pay $1400 upfront in extra fees or take 4.75 and save the $1400. Comes out to a $30 difference on a loan amount of $75,000. 30...
Andrew Whicker
Rent potential / value added of adding a garage?
Hi,I'm interested in a 3 bed, 1 bath / unit duplex. The duplex has a large yard and driveway, but has no garage (plenty of room for it).The duplex is an up / down that I think can go for 650 - 700 / month of rent.I w...
Owen Dashner
Repair/Cleaning Cost Sheet for Tenant move-outs
Does anyone have a document they provide to tenants that outlines the common turnover repair and cleaning costs that, if necessary, will be deducted from their security deposit?Example: - Clean dirty fridge: $50- Repl...
Andrew S.
Raise rents or pass on utilities (RUBS)
Hey BP,I have a 6 unit property that is currently below market rent by $100 - $150 and the previous owner paid for city water, sewer, and garbage. The property is in a smaller town where water is a flat fee (not mete...
Hunter Preston
Additional Income Stream and 0% Interest Loan w/ Security Systems
Here's an idea for a possible creative additional income stream for rental properties AND obtaining a small 0% interest / net neutral loan for each property: home security systems. 1) Negotiate a deal with an alarm co...
Oscar Padilla
20% or 25% down payment on a loan for a rental property.
What makes the most sense for an out-of-state investor looking to eventually acquire multiple properties valued at around 100-125k. Both options are 30-year loans. One is at 4% interest with 20% down or 25% down payme...
Heidi Kenefick
BRRR for mid term rental- add bedroom?
I’m in the process of buying a very dated large house in a nice neighborhood. It’s a 4 bedroom 2 bath and has a eat in kitchen, den, living room and formal dining room. As well as a sun room. I am considering adding a...
Josh Nix
What would you do with a $10k House???
I closed on a $10,000 2/1 house in Lincoln, NE last week and I'm just curious to see what the BP community has to say.The house is in a good location and every house on the block is currently a rental. It's assessed a...
Chris Hadley
Buying rental properties in flood zones/ flood damage
Thoughts on buying rental properties that have flood damage . I’m going the rehab and rent route so the maintenance isn’t the issue for me. Just wondering is I should stray away from buying properties that have floode...