My wife and I make about $100,000 a year total, we have ~$38,000 in student loans (total), we have no other debt, and we'd like to get started renting out properties. We currently live in a two bedroom apt that we onl...
There are several real estate strategies that investors can use to make money in the real estate market. Here are a few of the most common strategies:
Buy and hold: This strategy involves purchasing a property with t...
In my brief analysis of the Dayton area single family home market, I don't see any way (short of getting a super screaming deal) of getting much greater than 1% (rent/appraised value) other than in West Dayton area. ...
I am looking to get advice from any one that started in the rental business debt free. I am saving up to buy property with cash and no partners or investors. My questions are: Was there a benefit to going debt free?Ho...
Just recently I had a notice from our insurance carrier underwriting that they were canceling or insurance for our rental properties. They apparently have strict rules about what the owner company can be involved wit...
Hello BP Community,I am about to close on a single family property that will need a bit of work before it is ready to be rented: foundation, roof, some electrical, cosmetics including drywall, painting, floors etc. It...
I am going to sell my home and buy a new one. After I sell my home, where should I temporarily keep the large amount of money (>$500k) until I buy the next home? Should I keep it in a high yield savings account?
Hello BP,I was wondering how do you evaluate/determine your comfort level with regards to leverage. Typical SFH lender guidelines allow for (75-80%) leverage on properties and consider your debt to income ratio. Por...
I posted a week or so ago about my situation. We are getting ready to sell a house we own free and clear for roughly 200k-220k. We had been renting it for just $1200/mo which wasn't nearly enough money. Anyhow, I am l...
I'm torn between flipping and buying a multi-unit property. I'm skeptical about a flip because I do not know a lot about the business. The people that I know that do flips are people that I used to work with and they ...