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My wife and I just purchased our first small apartment complex purchase, 14 units, from an owner who was taking all cash payments from the tenants. Many of the tenants do not have bank accounts and I don't feel safe w...
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I keep reading stories where people start off with a property per year, then I hear people purchasing a property every month. Between a person and their spouse, they can only have a max of 10 mortgages. So what do peo...
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Hey all,
I figure posting here will give me some additional motivation to document. My wife and I are closing on an ADU house hack in the Tampa area and couldn't be more excited about the opportunity to both save us...
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Lately I have seen a number of posts from what I consider some of our most respected posters on the board using standard procedures to calculate returns. One of the calculations that happens frequently is that someon...
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I just had a couple of quick questions. How long past the rent late date should one start on the pay or quit and eviction process? Are there other steps to take that could possibly help the situation before taking it ...
HGTV, = more information or disinformation?I have a 80 something relative, that insists that Property Brothers is real. I've never watched it, have yet to watch anything nonfiction on HGTV though. Maybe I should be mo...
Hello all - This is my first post in BP though I have been following the site and listening to the podcast for past year and have bought an SFH in A class neighborhood in Dallas this past year. I have around 200K in s...
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Hello,
What method do you use to prevent hacking coin operated washer/dryers?
We just found out one of our tenants (We have 4 unit property) use our coin operated dryer for free. They were able to hacked it. Now, we...
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I have been acquiring single family homes over the past 2 years. I have 4 right now. I basically just save money from my job and the cash flow until I have enough to purchase another with a cushion and rinse and repea...
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Hello BP family, Could someone experienced let me know if this is in fact circumventing the Electric company. I inspected a home today for a client and saw an electrical meter, without the meter (pic below). When I...