Penny Myers
When does it make sense to pay interest only?
I'm looking at several potential owner finance deals - but clearly the cash flow would be better if we could pay interest only. When does it make sense to make offers that pay the seller interest only? What kinds of t...
Nick Miller
What do you do to minimize tenant turnover?
When buying a property I always calculate 10-15% for delinquency and vacancies. With my portfolio this is a conservative average however I have a fourplex with small one bedroom units that seems to take a long tim...
Alex Clark
21 years of age looking to buy my first property out of state how do I go about it?
Hey BP fam, I'm looking at buying a rental in Ohio or Nebraska. I live in California is there a guide on how to go about this? Do I need an LLC? Can I purchase without having to step foot out of California? Is there a...
Chris C.
modular home repair questions
I am looking at purchasing a modular home, but has two repairs that it needs first has some soft spots in the floor would it be easier to put new flooring on top or just cut out the soft spots and replace them? Se...
Maurice Stewart
Creating an LLC (I think I did it wrong) Please Help!
Hello, My wife and I are in the process of turning our primary home into a rental. I created an LLC, and the rental address is not the name of the LLC. My thought was to give the LLC a generic name, and the rental cou...
Evan DiLeonardi
Not sure how to check a syndication for legitimacy
How do I know if a syndication is legit or a scam? I haven't done one before and met someone through a forum similar to Bigger Pockets that seems legit but at the same time a little too good to be true. I'm not sure h...
Cheryle Patterson
Tenant installed window AC in utitlies furnished rental
I have owned a 16 furnished room (dorm style) rental property for 14 years and never had a tenant do this. We rent the rooms for $395 per month and it includes power, water, sewer and garbage service. We keep the A/C...
Zach Shrader
How does Property Management work??
Hey BP, I was just wondering how property management worked. Say I bought a 4 unit or whatever it may be. Can somebody give me the basics? I see people saying something like 10% of the income on the property? O...
Jeremy Mattson
New Landlord advise.. Evict? Or wait it out...
Hi All, I am looking to get your opinion as to what you would do if you were in my situation.. and what I potentially can do.Situation:I have some not so ideal inherited tenants that I have been living next door with ...
Ross Y.
Buy Local or Buy for Cash Flow w/ PM out of state?
Hi Community! I'm in contract on a deal currently and since then, I've found BP and I'm starting to question my decision. I'd like to get a little bit of advice on my current situation to help nudge me either way. I l...