Jennifer Lee
Your "tuition fee" into REI?
Hi BP
We all had to start somewhere....most likely, a majority of us didn't get it right the first time.
1. What was your "tuition fee" into this business? (The deal/project that started it all)
2. How was it funde...
Kyle Meyers
Appraisal Fee Deduction
I am getting a cash out refinance mortgage on one of my rentals and will be using the cash to rehab another property to rent out. As I understand it, the appraisal fee and some other closing costs are not immediately ...
Leah Spurlock
Inheriting tenants with varied payment dates
I am buying 11 houses from a retiring investor in which he collects rent at different dates for different tenants. He knows when they get paid and has always collected on dates when they get paid. Ideally, I'd like ...
James Lucero
A year of research and ready to invest
A while back I posted my ideas about partnering up with my fathers company to create some equity by renting out units to the employees. Fast forward almost a year later and I took people advice and I'm not doing it. I...
Christopher Alexander
Possible Subject to Deal Please Help
Hello Everyone! I am looking to get a deal done on a property that I am currently managing for a couple who have recently divorced and live in a different state. The home is a nice 3 bed 2 bath home 1800 sq feet. I ha...
Jay Mitiguy
First potential deal
Hey BP,So I received my first lead today from a very small probate mailing. I sent out 6 letters to estate executors and got one back already! That's a 17% response rate! Not bad so far...Anyways, I'm visiting the pro...
Mathew Fuller
Where do you park your rental income?
Hello BP,
I have a few questions:
First
I recently acquired my first tenant in a house a hack. Today I opened up a new checking account with my bank, and I either need to have direct deposit setup with a minimum ...
David K.
Educating your tenants - where do you draw the line
I am about to become a first time landlord, on June 1...Til now, in my very short investing experience, I have only dealt with PM's and never directly with tenants. But I am willing to give it a try bc the place is a ...
Stephen Grindle
Using a Self-Directed IRA to invest
Hey friends, I'm considering using a Self-Directed IRA to invest in a short-term vacation rental. So two questions: 1. Should I transition my current Traditional IRA to a Self-Directed ROTH IRA or keep it as a Self-Di...
Alex Whittow
New to Durango; Let's Get Coffee?
Hello, all!I'm new to Durango, CO and excited to get involved in the real estate investing space here in town.As for me, I'm primarily interested in buy-and-hold rental properties for cash flow. I've heard Durango isn...