New year, new laws (Senate bills 205, 206 & 207).Effective January 2, 2025, Michigan landlords can no longer consider a tenant's source of income when screening them. (income = 3 x monthly rent, Debt-To-Income, et...
Goal:
Retirement for my wife and myself by the end of 2020. (ie. $7000/monthly cash flow)Plan:
Purchase and Hold inexpensive duplex properties primarily in the florida area.Breakdown:
Year 1-savings and credit b...
Hey BPZillow seems like it could be a very useful tool for searching for real estate and gleaning a blind estimate for locations value and rental income.My question is, just how accurate are these "Zestimates"? Especi...
I just purchased a two unit rental and have been told by other landlords that it’s best to have all the utilities separate so each tenant pays their own, which I agree with. The way this property is set up is there i...
Hi BP,Although I’ve only started in real estate investing, I’ve been reading books on tax and legal protections. In protecting my investments, I’ve learned the importance of the first and second defense, home owner’s ...
My electrician discovered that the exterior walls in my newly purchased ranch home do not have insulation. I am meeting with the contractor tomorrow to discuss options. about how much should I expect to pay to insul...
Hello everyone,Currently as a recent graduate I do not have the W2 history to use conventional loans so my main focus has been DSCR loans. I have the bank statements and reserves part of the loan process secured. My q...
Due to work, we are planning on renting out our house. I plan on managing everything myself, once rented out, we would be moving about an hour away, and I will still work part time near our soon to be rental proper...
Hi BP community, my name is John Bell. I live just east of Baytown, TX and I'm fairly new to real estate investing. I've thought about REI in the past but was on the fence until I read David Greene's book " Buy, Rehab...
We own 3 identical homes on the same block, purchased 3/2015, 12/2015, and 10/2016. The first was a short sale, and was purchased as a place for our daughter to live in while going to college. She pays rent that is ...