Hi BP. In the last three months I have managed to purchase my 3rd and 4th property. Up until now, all income has been saved. I only dip into my reserves when the properties need repairs or upgrades. However, now with ...
In process to buy my first rental before this virus caused major impact. Condo for 125k, basically turn key ($1k repair), a month ago could likely rent for $1400 giving me about 8% cash on cash return (after 5% repai...
Went to view some triplexes yesterday. Last one I viewed is great value and already has several offers after only a week on market. Fully occupied. 203k , needs some work but not an eyesore. Saw a big rat walking in ...
My goals are to create a passive income around five thousand a month, with the buy & hold brrrr method. I’m trying to create my plan and work backwards kinda like the vivid vision , this is something I’m trying t...
As a rule of thumb. What is the cap rate needed to cash flow a rental home with a 15 year mortgage?In this example assume 20% down and 4.25% rate.
Curious what people's thoughts are on home warranties and whether they are worth it or not? We have heard very mixed reviews with some people saying that they are terrible and other people saying they're great. We h...
This is a followup to my post a couple weeks ago about my tenant wanting the A/C set to 65. I had a technician come and look at the system, and he said there is a severe kink in the line that could have been caused by...
I'm in the process of fixing our current property management and DIY, we are put of state so my plan is to create a spread sheet with all kinds of vendors to have easily at hand when something goes wrong, like a list...
Good Morning All.Can you tell me what happens when you fail a Section 8 inspection? We did not open the letter until 3 days before the updates/corrections needed to be ready before the final inspection and they were n...
Purchased a home two years ago, had a home inspection. Inspector mentioned minor cracking in stem wall, nothing of major concern. Suggests having a foundation specialist look at if there is concern, which was not done...