Tom Lipps
Walmart Paint in Rental? Color Place Country White
Hi BP,I just bought my first rental property (Duplex in a C+ area). $82k purchase price.I'm going to be painting this Saturday and found Brandon's article about using Walmart's cheap paint; Color Place Country White. ...
Alex K.
Los Angeles too expensive to invest for newbie ?
I live in Los Angeles and I am trying to find my first deal to buy and hold . Should I look for deals in Los Angeles or out of state ?
Account Closed
Help With Mobile Home Repairs PLEASE!
We just got our first mobile home deal, and are looking for some guidance on working out the logistics of doing mobile home repairs. We are to instruct Contractors/handymen that we solicit to NOT include costs of ...
Patricia Sander
Seller refusing asked for credits, offering repair credit instead.
Some rookie mistakes made here but I wanted a second opinion. I’m under contract and inspection showed up some issues with plumbing and the roof. I spoke with attorney and said basically I would just ask for a credit ...
Alexander Monnin
How do appreciation investors satisfy Debt Coverage Ratio
So I was wondering how appreciation investors satisfy the debt coverage ratio? I keep seeing that banks require a 1.2-1.3 ratio. I know that a lot of appreciation plays barely break even on cashflow or are sometimes...
Austin Fox
Self-Manage vs Property Manager
Hello Biggerpockets,As I continue my research into making my first purchase, I have never been a landlord before. I have lived in an apartment so I have an idea what it is like but not from the other side. What are yo...
Andrew Perkins
More rentals OR less debt
Hello!Does it make sense to use the appreciation gained from our current rental properties to pay down our primary residence mortgage? We currently cash flow about $600/month on 2 rental properties. However, if we w...
John Park
Airbnb going the way of the dinosaur?
I have been exploring the possibility of Airbnb and short term rentals, but lately there has been a lot of discouraging news about cities really cracking down on Airbnb's short term rental model. San Francisco and Par...
Michael Plaks
How 0% capital gain rate actually works
"For the first $40,000 of your income, the capital gain tax rate is 0%! You pay nothing!"
Fantastic, but what does it actually mean?
If I have no job and sell a property for $100,000 - does it mean I pay nothing for...
Armegi Gil
Am I throwing away money with mailers??? HELP!!!
Hi All,
Closed my 1st deal from the the 1st 1,000 mailers I sent out to absentee owners mid May.
The 2nd mailer (1,000YL's) produced less than 12 calls and my last mailer produced 3 hang ups and a not s...