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Hi BP, quick question... if you know the PITI of a property, how should you adjust the 50% rule to account for vacancy, maintenance, etc.? Would it be more like the 25% rule at that point? Thanks!
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Hello BP community!
I'm new here and would like to get involved. I just read Brandon Turner's, "7 Years to 7 Figure Wealth" , and I'm curious what some of you think, for those who read it, about Brandon's pla...
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My husband and I have one rental property in South Carolina - our previous home that we were unable to sell. We live in Tennessee, and it has been managed for the past 4 years by a neighbor/friend. The tenants (our ...
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Hello all, I've got a class C property that has not provided me much in the way of qualified tenants. I was curious if I am being too stringent on my criteria... I have a background in consumer lending in a nicer area...
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Hello all,I hope you are doing well.I am currently looking to purchase my first investment property in the next few months. However, I am currently hesitating if purchasing a property I have never seen is a good idea ...
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I have recently been given the opportunity by my father-in-law to manage a rental property. He is having trouble selling the property and wants to have his mortgage payment paid for, anything above and beyond his pay...
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Hi all. I wanted to share my first deal here as I've seen some other people do. I learned a lot during this process and wanted share with others.
The house is a 3 bedroom/1.5 bath in Baltimore city in Harwood, a nei...
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I have tenant that has been renting for a year and convinced me to reduce my rent and signed a 2 year lease 4 months ago. They offered to by the rental just 3 months ago and used their deposit for earnest money and wa...
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I am in the Los Angeles market and buy/rehab/sell many properties on an annual basis. Lately I have been selling some as fixer opportunities without doing any work on them. The problem that I have encountered recently...
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Hello BP,I am looking for some opinions on whether I should lease to an applicant or not. Here is the scenario:The unit is a 3/2 duplex unit for $1550 per month with a $3100 Refundable Deposit. The unit has brand new...