We moved into a house 6 mos ago, every since we moved in my husband's health has gotten worse he is 52 he has became extremely fatiqued, sinus probems has gotten worse, I was working at the time until 6 wks ago I woul...
New Landlord here!I recently took a phone call from a potential tenant, interested in my rental property. I started running him through the basic pre-screening questions and red flags flew up left and right but I am ...
What to do with a good tenant that wants out of their 1 year lease after 6 months. It is a senior that can no longer care for themselves and the family is wanting out of the 1 year lease after 6 months. The tenant h...
Hello Everyone,I've been listening to BP for a year now and finally ready to house-hack! I'm wondering if I should create an LLC for my first duplex in Massachusetts? The purchase makes sense now because of my fiance'...
I am in Illinois and our minimum wage is going to $15 over the next 5 years. Who has experienced this and can you share what you have seen with rent increases over time. I have looked around at some other states and ...
Have a SFH in California rented to tenant for 1.5 years. To ensure we get a larger pool of tenants to select from when we listed it for rent, we priced it at the lower side (slightly below) the market rate at that ti...
Happy Sunday!I was recently in the process of gaining a pre-qualification for purchasing an investment home (buy and hold rental). Our starting target range ~$100K. I spoke with a lender who was referred to me by my r...
Hello! Thanks for reading this and for the help. For all you short term rental owners out there, when you are calculating your return (cash on cash) are you including principal as an expense, income, or deferred until...
Hello BP nation! I've been working diligently all year to clean up bad credit and I've finally been approved for a loan. Not sure if I'm using the correct strategical term, but I planned to "house hack" a duplex for m...
I grew up with no understanding of how money worked. I worked hard but in spite of my efforts I always failed to budget or save. Eventually, I scribbled out what it was that I wanted in life. Family, friends, retireme...