Hello BP Community!My name is Jonathan Kimball and I'm brand new to real estate investing. A little background on me, I'm an O-3 in the Air Force and over the past 4'ish years became an ardent follower of the "FIRE" m...
I am in the process of refinancing one of my rental properties and need an appraiser to enter. The tenants do not want the appraiser to enter due to COVID-19 concerns. There is a multi-generational family living in th...
Does anyone have any advise or information on this market?
The landlord-tenant world changed last night. The US Senate’s COVID-19 bill changed the landlord’s rights. That bill, passed last night, affects landlords that have federally insured (or “backed”) mortgage loans. T...
Does anyone have experience or advice on dealing with Squatters, specifically in the Metro Detroit area? I have a property in Inkster that we fixed up and were preparing to sell when someone stole the lockbox and move...
I was sitting around my home this evening trying to get some more exact figures on some closings that I just had (im honestly missing $60,000 somewhere, im sure its around but...I just dont know where), and I got to t...
Hi folks,I've been a BiggerPockets member for the past year or so as I have been doing a lot of research on REI. As I continue to learn more I figured it is time that I introduced myself and jumped in on all the great...
I've heard stories about people blowing out their budgets because of codes related to things like window size/height in bedrooms, electrical and plumbing stuff, even things like having to expand the waste lines when a...
Hi BiggerpocketsI have a seller that purchased a property in 2001 with his girl friend at the time. They broke up in 2005 and she has since stayed in the property.
The original mortgage of 80k was in both their name...
It seems to me that if you find the right combination of rental income (1%+ monthly) / cash paid, it's very hard not to make money.
Example: an $80,000 property, 25% down at 4.5%, and rented at $900/month.
You inve...