Ned Carey
The 2% rule is the most brilliant ever
The 2% rule TEST is a quick screening tool for rentals. It says:"The monthly rent should be about 2% of the purchase price for a rental to be a good cash flowing rental"I really don't know when People here started us...
Tom Henderson
Best Vehicle for DIY Landlord
Hello Everyone!I am looking for a new vehicle that I can use for construction projects, and also outdoor activities in Minnesota-- hunting, fishing, hauling kayaks..For my business, I usually redo the unit once I buy ...
Zachary Foust
Wholesaling as a whole....is fake
As a business owner already, I have seen many say, "You are so young, how did you start?" "Where did you get the funds to do it?" or "Where did you learn what you know about business?"I answer all the questions as hon...
Bob Wilson
Hiring Lawn Care Personnel or....
Hi BP! I'm attempting to solve a challenge. Currently we have 20 units, all needing mowing/lawncare.Currently I have about 6 companies handling this because the units are spread throughout the Chicago suburbs. Althoug...
Account Closed
We Are Only One Decision From a Totally Different Life
I was driving home from a party yesterday afternoon and saw a truck with a big American flag driving on the freeway. I asked my wife what's the occasion? She said September 11. She reminded me that I've been off my W2...
Brie Schmidt
Will there be another recession?
Are we going to have a recession this year? Historically, every time we see low unemployment it is followed by a recessionNow we hit a 17 year low for unemployment rate, so what does that mean?So will it happen? Wha...
Anja Wright
NY Holdover Tenants Won't leave. I'm an owner occupying landlord.
Bought my house in upstate New York this year. The tenants in the other unit were served an eviction notice just days before Covid hitting. The marshals were supposed to arrive but their office closed right after th...
Michael G.
How to manage the Property Manager
I may be the only one with these property management issues but it seems to be a recurring theme.
I've owned 4 rental units in a particular farm area. Almost without fail every single property management company I've...
Eliott Elias
Is this the best or worst time to get into real estate?
I believe this Is the greatest opportunity, not because of pricing, but because your weaknesses will be exposed. It is easy to be an investor in a bull market, this market will force many to learn the fundamentals of ...
Ade Akingbade
Not Going Well - Seeking Advice for Rental Property Challenges
Last month, I purchased my first rental property in Baltimore for $117k and invested an additional $13k in renovations. Since then, I've encountered several significant issues:
1. **Air Conditioning:** The AC unit ...