Hey BP Family, I want to thank you all for the great advice I've received over the last few months; it's all starting to pay off. A week ago today I closed on a duplex in Olathe, KS using an FHA loan. Two days late...
How much does, say, a 100k rental property generate in cashflow every month?What is the best way to generate a 1k in cashflow in rental properties using 60k in cash?Thank you so much
For those who buy and hold - how do you decide when to fold (sell)?
Here's the situation: Bought several OOS properties starting 2.5 years ago. We "chose" this location because my husband was assigned there for wor...
The most significant event in my not so short life was in 1989 when the Berlin Wall was torn down. A country that had been divided for decades by a concrete wall and machine guns simply ceased to exist. People were ...
I own two long-term rentals (single family homes) in Colorado. I haven't physically been inside either property for years; I've only driven by each house 1-2 a year. Each of the tenants are great, they always pay on t...
Hi - Thanks in advanced for reading this post and for any advice you can provide me.
I'm an Aussie looking to invest in the US real estate market. My fiancee is actually from the US (dallas) so I figured that it sho...
Tenant called on saturday afternoon, indicating there was an issue with the oven and is not working.I called some appliance repair companies on saturday, but of course most aren't working and returned my call on Monda...
Hi BP,I JUST BOUGHT A 10 UNIT APARTMENT BUILDING!! NOW WHAT DO I DO TO TRANSITION?? I am closing on my biggest property yet (10 units) on October 15th. I am uncertain as to the exact steps to follow when you transit...
I just showed my vacant unit to a couple yesterday, who later emailed me and said they were seriously interested and wanted an application.
I sent the application yesterday, and just now he asked if they could see th...
I am often asked this question: "What is my biggest financial risk in buying/owning a short-term rental property?"
Lots of things come immediately to mind: Septic problems, a new roof, HVAC failure, lower-than-proj...