Just starting out here and been reading Brandon Turner’s book on Rental Property Investing. The book gives a rule to use to quickly screen properties known as the 50% rule [(0.5*projected income/rent)- (Mortgage P an...
First post! Been following these forums for months but I finally have my own reason to post for some advice:I have a tenant that's a hoarder and only paying ~$399 a month for an apartment in an area that's going for o...
Good Afternoon. I'm in vermont where it is legal to smoke weed. I have a clause that says you can't smoke anything in the building. There is constantly weed smell coming from this unit. Maybe I'm being too nice but I ...
I've only been buying and renting SFRs for just under 2 years, but so far the experience has been pretty good. I've been able to acquire several properties with an average unlevered yield of 8%. That's based on t...
Hello BP Meembers,
I am currently in the process of setting up my LLC and my CPA told me to set it up under a different state LLC because it's much cheaper. I live in Chicago and he said that it costs around $500 to...
We own three properties in Tulum, Mexico and would like to expand our investments there, but are having a very hard time finding funding. My husband and I have temporary residency in Mexico, and our rentals are all o...
I have heard different answers and was wondering what you guys had to say?
Thanks,
Erik
Hello,I'm 34 years old and have been investing in rental property for about 10 years. I started when i was in college and enjoyed it enough to continue buying them on the side. I'll try not to drag this on too long, b...
I'm looking for my first tenants right now and had come to the conclusion that I wouldn't take ANYONE with an eviction, but I may break my own new rule.I've also decided that I want long term tenants and I'm not going...