I'm a part-time real estate investor for over a decade now with several single-family homes and a couple of duplexes. I got into real estate once my experience with stocks and other vehicles weren't working and I need...
Just wondering if anyone has had success investing in the maple heights or Euclid areas of Ohio? I can’t find anything good online about these areas. Lots of horror stories regarding the area (crime, housing, declinin...
We are looking at pulling funds out from a 2nd house we own. When doing the DTI calculation would a lender include money that is received regularly from things like a Real Estate syndication, Mortgage note fund and/or...
This is a ? that we have not really asked ourselves until now. Until now with 22 units its been finding great deals with awesome cash flow.Lately I have been listening to a lot of BP podcasts and it has me changing m...
Hello,THIS IS NOT A REQUEST FOR A LOAN but for advice on how this could be achieved. My name is Shawn. Sorry ahead of time for the long story. I’m a full time college student. My wife works but doesn’t make a lot. We ...
So, right now, I'm requiring that the tenant have 3x the rental as their income. I've also heard it said that you should require 35 times or 40 times the monthly rent as their yearly income (which is a bit more strict...
Hi everyone. My name is Doug and I've learned so much reading the forums the last 2 days. 2% and 50% rules are VERY helpful. Thanks so much to the experienced investors Jon, MikeOH and all the others for sharing their...
Good Evening BP family! We are going through our first tenant selection process and are struggling a little bit. We get to pick from three final applicants.
The first is an older semi-retired couple with good inc...
I’ve owned a home for the last 5 years, with close to $120k in equity in it. However my income was been low since I’ve been an entrepreneur the last 2 years. Credit is over 730+. $15k in an retirement IRA.
I found a...
Hi guys,My wife and I own two rental properties and are planning to acquire more, and have a question about the pros and cons of setting up an LLC esp from the tax and liabilities side. Here's our current situation:1....