Gregg Fratto
Question for owner financing
Ok BP people, I have a buyer that wants to put 20% down on a 2 family that i am selling. PP $249,90020% = $49,800Mortgage amount would be $199,900 Mortgage amount that I owe $125,000Question- what interest rate should...
Allen L.
How much do you pay for each Schedule E?
The title says it. How much do you pay for each schedule E? I guess I never cared about this previously but in 2021 I purchased over a dozen properties, and the cost starts to add up as my accountant charges per sched...
Jay Dutt
Determining Rent Amounts for your units?
Hello ya'all!I'm an aspiring REI and have been absolutely hooked on BP for the past few weeks. Been thinking about it for years, but finally found the right resource to get me over to the promise land.Question: As lan...
Account Closed
Skype user?
I was discussing a deal with someone over Skype the other day. I am in London and they are in San Francisco. We both worked together in Paris in a past life.
It got me thinking about Skype and RE. Many RE investors f...
Christopher Morris
Best Tips for Increased Rent
Hello BP, I finally have my first accepted offer in Bayonne NJ. Its a duplex property and I am looking to improve each unit to maximize my rent roll. I was planning on adding vinyl floors to both units and having a pa...
Amanda Lee
Getting Market rent for an average apartment?
Hello,My husband and I are new landlords, just bought our first in October. We are located in Newark, NJ in an area where a 3 bedroom goes for 1300-1800 and a 2 bed goes for 700-1100 ish. When we bought the place, the...
Yiwei Cheng
Where to own STR that cash flows at current interest rates?
I'm curious to know what locations you are seeing cash flow if buying at current interest rates (7.5-8%)?How much is the property, and what cash flow are you seeing?Thanks!
Niti Bhat
Annual Rent increase percent
We are kind of new investors, started out last year. One year is about to end on one of the properties. What should be the general annual increase rate in rent? And if we want to give the month to month option how muc...
Michael Mackney
Bookkeeping using property manager monthly statements
Hey everyone. I had a bookkeeping question. Each month, my property manager sends me a monthly statement including any expenses, repairs, rents, etc. And then at the end of the year sends me a 1099.Is there anything ...
Justin Rademacher
What resources do you use to calculate projected nightly rates?
I don't have any "subscriptions" but I currently use AIRDNA, Airbnb, along with VRBO to calculate occupancy and nightly rates. I currently cross reference these resources to come up with an "average" and use that numb...