Do you allow pets in your short term rentals? There is good justification whether yes or no. We find it works for us in the summer season but it depends on your risk tolerance as pets can significantly damage your pro...
I know there are several sheets already available, but creating my own helps me get my head around numbers and thinking through all things clearly. That said, I was wondering if anyone would be willing to look at my ...
Today i sent out 66 letters of Intent and hopefully things will start to kick off. I targeted Absentee Owners, Run Down investment properties, Or long time home owners who's home needs serious work.
What do you guys ...
Hey guys, I wanted to ask the experienced MF investors the following (from an economic cycle standpoint)-When does the cap rate of a local neighborhood/market change? What are the economic factors which affects the ca...
Hi All,
I have a lead that is priced pretty well but it has a tenant who hasn't been paying since before covid. The tenants don't speak English so I'm assuming the cash for keys will be pretty difficult. Let's say ...
Hello BP Folks!I recently purchased my first property, a 2 unit building on Chicago's south side.The building has 2 units, with the 1st floor duplexed down to a full finished basement.The building was owned by a famil...
Jumping right in, I was told today that I would have to cough up $349,000 DN for a $1,000,000+ 4 plex. 25% would have been $287,500, which would have been easy.So now I'm considering breaking my IRA, cleaning out my...
I bought 3 rentals in 2018. With the new tax law I can deduct all rehab costs AND I can deduct the value of things like floor cabinets etc. (about 15-20% of the total purchase price of each unit!) which is a big deduc...
what would you spend it on?
Just starting out here and been reading Brandon Turner’s book on Rental Property Investing. The book gives a rule to use to quickly screen properties known as the 50% rule [(0.5*projected income/rent)- (Mortgage P an...