Kevin Tunnell
Condo or Single Family Home?
My question is this, based off my income and down payment, I could purchase a 2 bedroom condo right now, but if I wait about 5-6 months I could have enough of a down payment to afford a 3 bed 2 bath single family home...
Jendayi Brandon
Security deposits for existing tenants
Greetings all,
I just closed on a triplex. My first multi-family unit. The previous owner has never raised the rents once each of the tenants moved in. The rents are low right now but the landlord agreed to suppleme...
Demetrius Brown
Inflation Breakdown For June 2023!
HERE ARE THE KEY POINTS
According to CNBC, the consumer price index was up 3% in June from 12 months earlier, the U.S. Bureau of Labor Statistics said Wednesday in its monthly inflation report.It’s the smallest incre...
Anran Wang
How to increase rent as a new landlord for a long-term tenant?
Hi everyone,I came across a rental house with good potential. The good part of it is, the long term tenant has lived there for over 9 years and they pay rent and are not likely to leave, but the downside of it is thei...
Timothy Lewman
Ibuyers are burning Wall Street money
Those of us in the housing industry are concerned about the rise of the Ibuyer - companies that buy your house so that you can buy another one without waiting for a traditional buyer and the months it takes to find th...
John Voirol
income - year over year expectations?
Hello. If you've been in the business full time for a few years or more, what do you typically see happy to your business from year to year? Is there always an increase if you continue to put in the work? Do you see a...
Vanessa Benavidez
Using business credit for RE investing
Hey guys I am finding a way to get into my first deal. I am in Los Angeles CA I have very little cash but $20k in business credit that I have considered using as a downpayment for a hard money loan, maybe a turn key o...
Amanda Berry
Decrease rent by $50 for 2 year lease?
We have a new family we have approved who appear to be excellent tenants. They have asked if we would be willing to decrease rent by $50 per month if they signed a 2 year lease. Is this worth it? This is our first lon...
Ashish Acharya
Qualified Opportunity Zones & Qualified funds to defer your gain
I was doing a research for a customer and realized Bp community can also benefit from this. I personally believe, Qualified Opportunity zones almost as effective as 1031 exchange. Trying to keep this simple and just ...
Alex Bacon
New properties for another year of rehab fun.
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Cincinnati.
Purchase price: $290,000
Cash invested: $87,000
This was a purchase of 2 very large side by side buildings. T...