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Hey guys, about 4 months ago I bought my first investment property (a duplex), and i currently have it managed by a separate company (for multiple reasons). I am now looking into buying my 2nd property and want to sta...
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I've recently been using some of those "0% Balance Transfer" cards to help fund my deals. They have a 0% introductory rate for 12 months or so, and you pay 3 points up front. That's incredible compared to hard-mo...
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We've recently closed on a SFH in Royal Oak, MI that we intend to keep as a buy and hold. The house was in pretty good shape - fresh paint and carpet, new kitchen with granite counter tops, and new windows. I would ...
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Hi BP friends! I've got a tenant that is asking/demanding that I test for asbestos in my SFH rental. This home was built in 1951, I bought in 2012; no basement - it's on concrete slab. It was a fix and flip when I ...
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Hi BP
I just made a cold call on a turnkey duplex in my market. Owner loves the property. Said its been a great money maker over the 17 years she's had it. But sounds like she would be willing to sell at the right n...
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We had a tenant put up security cameras and drill into the wood of our deck to install them. We don't have anything in our lease or rules about cameras. We gave them a notice to take them down but the tenant respond...
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I am just starting to make offers and noticing that the list price is consistently around 30% more then the price that makes sense that works with the rental calculator. Should I make many offers and try to see if I c...
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I have an offer in on a duplex in an up and coming part of the city. The house needs work and is being sold "as is" The plan is to live in one unit and rent the other one out. At the prevailing rate, provided the cost...
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Hi BP,I am trying to explore an idea about HELOCing my current home to buy rental properties. Has anyone on BP done this before and what are the inherent risk I should be aware of before processing with this creative ...
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I just went through my first major tenant turnover on a 2000 sf house. It wasn't that bad, just cleaning and minor stuff and finding a new tenant. It took us 15 days total, and I documented the entire process here on ...