My rental portfolio has grown to the point where self-managing has become a major time commitment. I am considering hiring a full-time employee to assist with managing so I have more time to raise capital and evaluate...
We run 2 Airbnbs out of a duplex in High Point, NC. Each are about 1,200 sq ft. One side is a 2 Bedroom/1 Bath. The other side is a 3 Bedroom 1 Bath. Both have queen beds except the 3rd bedroom--that has 2 twin. Our c...
Take Ozone Park for example. I saw a house last week for 630k 2bd over 1bd. Running some basic numbers.... (not conservative).Upfront5% down + 20k closing = 51.5k out of pocketMonthly (best case scenario)- 2944 Equity...
All my 2020 and 2021 expense records (receipts, utilities bills, Insurance etc) all go in a folder in the garage never to be seen again. I am about to start using Quickbooks to track everything better and get more org...
Hello BP,I am just here to post as a newer member who is like many interested in real estate in general. A little about myself as this is an introduction. My name is Mitch and I am one of those Americans who has done ...
I have a theory and I wanted to share it to see if anybody else shares my thought process. With the growth of Amazon and their success in having anything and everything delivered to your door in 48 hours (and in only ...
I am under contract on my first investment property in Kirkwood, closing in a week. It's an incredible school district, and I was planning on getting it marketed to rent to coincide with school starting. I know the pr...
My wife and I are contemplating an early retirement. Very early. We have saved well and have some money, but not enough to live on the 4% the mainstream retirement people say we need.My question is this: Hypothetic...
Hi everybody, I'm a newbie looked to purchase my first rental property with a conventional loan. I applied with a few lenders and they pulled my credit score. Both commented that I had an excellent score, in the high ...
Years ago, I had a tenant who's toilet got plugged - but they continued to use it until it overflowed on a weekend and I was the only maintenance guy we had. It was the last toilet I ever worked on... and probably th...