Quick question if someone has some time to answer it I would really appreciate it. What is the downside of doing a refinance, if there are any? I had a mentor who would help me out a lot but he just had a stroke so it...
Hello,
I have scoured the forums for rent increase posts. Most of them focus on how much to increase and what not. Owning multiple types of multi-family rentals (Class C and B for now), I have a good grasp of the val...
I'm 1.5 years into my first rental and the tenants leases will be renewing 4 and 5 months respectively (it's a duplex). I made some dumb mistakes when I first started (didn't go on BP and learn first), so based on wha...
With three remaining FED meetings this year, what are they looking for to decide to raise or lower rates?The Federal Open Market Committee FOMC) meeting schedule 2023:September 19-20*October 31-/November 1.December 12...
Prospective homeowners, consider property taxes when budgeting for your home. They can vary widely and significantly impact the overall cost of homeownership. When calculating what you can afford, factor in these taxe...
I know some other investors who have done this before and recently talked to two sellers where such an arrangement may make sense. Essentially, the owner moves out and gives me control of the house. I use my knowledge...
Just got my first BRRRR property under contract. The property is in southern Brazoria County of Texas, which has a red hot market going on right now. Anyways, I received a few a quotes for insurance and there are a fe...
Iron Sharpens Iron. I want to hear your most effective ways at increasing rent from an already existing tenant.I personally write up an email or letter 60-90 days out from renewal explain that their rent will be going...
Hello BP!
So I'm currently in a duplex doing a house hack. My tenants have been amazing no issues and they always pay on time or early. However they are coming up on the end of the lease in about 2 months. Rents in m...
Hi, Fellow investorsSome of my SFHs have accumulated some equity over years. I asked about cash-out refi from a loan broker that I have been working with for years and was given the following terms (see attached scree...