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Tonight we passed on our first multi-family investment. The numbers look solid but after visiting the site, there are some obvious reasons why this wouldn't make a great "House Hacking" property. My wife is used to ou...
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A guy was walking around the neighborhood last night offering free quotes from "Power Remodeling" on new windows and a roof. I knew my house was due for a new roof soon as it's 18 years old, so I let him have a look. ...
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Sorry for the length, but I have a very specific scenario that I haven't been able to find advice on after extensive searching. I just purchased my first rental property, a quad-plex (in Indiana). It was supposed to c...
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Hi Everyone! I'm just getting started in my real estate career and one area I want to improve on quickly, is rehab estimation costs as well as the added value from it. I am not a contractor by any means and I understa...
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Hello! Long story short, we were trying to wholesale a property but ended up closing on it instead. It's our first project and we want to do the BRRR method. Problem is, the extent of the renovation is HUGE. It's a 18...
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Hi all, Just had a quick question on what everyone uses as a rule of thumb for rental cashflow?just to make it simple... I'm talking about financed (20-25% down) 2-3 bedroom houses/condos that are in the 100-150k Rang...
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I'm just beginning the tenant screening process and was wondering about some guidelines. My sense is that you can collect applications from anyone who fits your minimum criteria and then choose the "best" based on inc...
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TENANTS FROM HELL #1Deplorable living conditions.Running one of the largest rental portfolios in the Cleveland, Ohio area I have managed 1,000's of properties & dealt with countless tenants. In short, I have seen ...
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I drive a very old sedan. Most of my tenants drive nicer cars than I do. Now that I am considering purchasing a new(er) car that probably will be nicer than theirs, I am wondering whether to keep the old one to commu...