Hi y'all! I got a question from a friend that I need some help answering. They asked me: For young adults thinking about investing in a property with an FHA loan, where do they need to be financially to pay off those ...
I am looking National Association of Residential Property Managers (NARPM®) to find rental property manager. What I need to look for finding a great property manager in this site? Any other suggestions/thoughts to fin...
Hello everyone, this should be a fairly simple question for those who have experienced something similar. But I am new to this :)I recently purchased my first investment property. It is a duplex with 2 br in each unit...
I have a 3 unit property in which there is only 1 thermostat across all 3 units. It is an old hot water / cast iron radiator system. I currently set the thermostat at 72 in the "coldest room" and pay about $3000/yea...
I'm looking to purchase my first multi unit property soon, and I was wondering if anyone has any tips or suggestions I should consider.
I have a cabin under contract in Granite Falls, WA that has some erosion around the foundation due to run-off from uphill. I need to find a foundation specialist who can look at this soon (before my inspection conting...
I am working on a non-conventional duplex. Monthly income is $2300. I typically set aside 10% for each vacancy, prop mgmt, and repairs/cap ex. What would be more reasonable amounts to use?The one side, the largest amo...
Hey bp community,
I'm relativity new to this site. Just wanted to say this site is awesome has alot of info you just got to find what your looking first ! I recently read the free beginners guide and I learne...
I have a potential deal in the works and I want to see If I am thinking about the numbers correctly. Any commentary or thoughts are welcome, thanks!Purchase price (inc closing): 130,000 75% loan = 97,500Renovation: 25...
This is the question facing me. If I were to refinance (at 1.0% higher rate and larger loan), I'd have enough for a 2nd identical triplex. The additional cashflow of a 2nd property would be absorbed by the increased m...