I was listening to an older episode of bigger pockets today and they brought up the discussion of a negative cashflow rental, specifically in the context of turning a principle residence into a rental property. I coul...
I just pulled the trigger and purchased my first out of state turnkey rental. The tenant is receiving housing assistance through the Chicago Housing Authority. The first month of ownership, tenant's portion went up ...
Hi. I'm 19 years old and just looking to rent my first place and I have a couple questions I'd like to sort out. I just want to make sure I have all the right information. I have found a roommate who is a bit older th...
I've currently got a 401k with my full time employer (also part time RE agent). About 2 years ago I decided to change my allocations to Roth 401k. However, 8 years of automatic enrollment had me in the pre-tax plan an...
I'm looking for classes that I can do in my own time to prepare me for taking the exam for RE license. What online vendors do a good job of preparation?
I was thinking of getting HUD approval on an 8 unit rental property, but I'd like to know what you guys think. The idea of a guaranteed rent check for 8 units each month sure sounds good, but are there any down sides?...
I'm wrapping up my first residential rehab and am about to pay the GC the final draw for interior work (we split the rehab into 2 jobs w/2 scopes of work: interior and exterior, primarily b/c of timing issues due to c...
With all the talk of a recession or down trending economy, which type of tenant would be better, Section 8 vs. Normal rent paying tenant. First, these are for area C neighborhoods, lower economic, typical 2 bed 2 bath...
I'm curious how other landlords are handling screening for section 8 and other subsidized tenants in terms of screening and protecting your investment. Obviously they are responsible to a very small portion of their r...
I have lived in my single family house for a little over 2 years. I rented the apartment above the garage out for 1 year. I was thinking of 1031 exchanging 20% of the proceeds from the sale (20% because that is how mu...