Ludmila M.
What are your startup and operating costs?
Hi everyone,First, thank you to everyone for making this forum such a useful resource. This is my first post, but I was using BP for a while and learned a lot from all of you. About myself. I am starting my business o...
Dorys Prentice
Can I deny a Rental Applicant based on perceived lying?
I have a SFR that I just put on the rental market after two years of remodeling. The place is brand new from the studs in. I have had a myriad of unqualified people inquire. I did get a request from a person who is...
Tyler D.
It is just me, or are there a lot of people waiting for a crash?
I've lived through the 2000 and 2008 crashes, but wasn't in a position to take advantage of them. Both were similar, in that most people were taken by surprise, and a few who were in good positions swooped in and took...
Joseph Firmin
Spouse wants to be the Property Manager
I have recently begun my REI business and purchased my first duplex. It is about to close (next week!) and I have planned the renovation and am ready to start improving the asset prior to renting out. I have been on t...
Keith Bloemendaal
Project Management Software and Techniques
Not sure if this is the right forum for this discussion, but I am building new homes so thought I would start here. Having come from a decent sized home builder as their project manager, I use several tools to run my ...
Webster Edpao
Figuring/estimating depreciation costs
Hi. First post. 😁I understand that to determine depreciation, one takes the FMV minus the cost of the land and divides bu 27.5, correct?However, how does one determine the cost of the house(alone) on the property? Is ...
Jay G.
Is there a Rent Bubble? What could cause Rents to plunge?
Have you thought about this much? Do you have any specific indicators you watch in your local area, region, or at a national level to gauge current health of rent rates?How much can rents drop (%percentage) before it ...
Willie Herring
I'm torn between Dave Ramsey and Everyone else!!
You can become a millionaire investing in real estate in many different ways. with that being said, I really, really hate when one side of the isle say you should invest in real estate their way. I'm 95% Dave Ramsey. ...
Bryan Hancock
Protecting From Underwriters Slipping Past Lock Period
How do you guys protect yourself from lenders that fail to move files through underwriting in a timely fashion? I have had loans slip past lock periods in the past where the lender held my appraisal hostage after the...
Account Closed
> ONLINE FICO "FAKO" SCORES vs "MORTGAGE" CREDIT SCORES
A 700 credit score isn't as good as it used to be. And those worthless Online scores are generally a lot higher that Mortgage credit scores. New Mortgage Credit Scoring (un-official chart) 840 - 800 Extremely Good 7...