Hi, All!I received a frantic call from a tenant telling me that one of the washing machine was flooding. The overflow went into two units and down a hallway. I called my appliance repair company and they found no issu...
I meet a real estate agent who provided me with what’s supposed to be my first deal. The agreed price for the property is $80000. However, he is asking for $5000 Earnest deposit which must be paid to the title company...
I've been reading relentlessly on here about this topic, but I'm hoping someone can give me some advice before consulting an attorney. This would be our first rental. Purchasing a rental property with someone who has ...
The covenants limit income for tenants to 80% of the median income of the area which means that I could only rent to people making less than $36,000/year. It also caps rents. The current rent cap is about $940. The...
I'm looking for a (2-4) Multifamily in 3 different states and I'm not sure what the best strategy is regarding the money. My financing will be different depending on the property (MLS vs off market). Should I be conne...
To date I have been very passive in charging and collecting fees other than the normal late charges, etc.. However after doing some reading and realizing that having some of these fees help curb tenant behaviour, I w...
I just wanted to hear the thoughts of more seasoned investors. I currently house hack a duplex that I bought 2 years ago. I want to add to my portfolio intelligently and patiently, making sure I don’t over leverage. S...
Hello BP Forum World!My partner and I have kicked around the idea of establishing a "get our cash and run" system. The idea would be that once the equity in a particular property reached a certain level (trigger point...
Just wanted to see what other’s experiences are with passing on wealth to future generations as tax efficiently as possible (both short and long term)? Can you please give examples of techniques that have worked for y...
The habit of being a forever learner…
Someone who has given me a lot of great advice recently said to me,
“It is amazing how things that are so simple in theory are difficult in execution before they become a habit....