Ok.. so I was able to pull $900k+ worth of HELOCs between 2 of my 5 properties. I decided to temporarily leverage some of that equity into a property Im flipping (ground-up/new construction) here in Los Angeles. Th...
Hey guys,
I’m thinking of going in on a duplex in a great, growing area of Fort Myers, FL. $380k, 2003 build, $30k of CapEx (paint, roof, AC, water heater), $3,300 monthly rent, $500 cash flow, 5% CoC return with a ...
I was just doing taxes for 2018 and have noted something peculiar, most of my properties I self-manage. So I do pay monthly PITI and HOA fees. Then there are repairs, occasional utilities, and of course depreciation d...
Illinois is enacting a statewide minimum wage of $15 per hour by 2025. Have any experienced landlords had this happen in their state or city and what have been the effect on rents? Drastic increases or gradual incr...
Often I have seen advice given to always reinvest off the properties you are acquiring, my simple question would be (and there may not be an easy answer) would you take cash flow and pay down mortgage(s) so you could ...
What’s up BP Community of Friends! As always thank you In advance for the feedback, you have no idea! Okay where should I start? So I need your upmost honest opinions about my current dilemma. I was recently approved ...
I just completed an almost simultaneous close on two different properties. On Friday I closed on 36.4 acres of vacant farmland. This past Monday I closed on a 3bd / 2ba house on 1 acre.
I want to turn the 36 acres i...
I am considering buying my first rental property in the Gatlinburg area.
I am hoping to get a property management company to stay hands off so I can continue working full time and hopefully be able to purchase a sec...
Hi guys. I'm in the process of purchasing a property, but I just realized it has negative cash flow when I factor in the maintenance and vacancies. However, I think one of the main reasons it has negative cash flow is...
Well, I am in escrow again... YES! I finished my first flip in March. Sold quick, great $, paid off all my CC debt and cleaned house. Now I have been looking for 6 months for another project! Dear wife is PRETTY ...