Jon McCarron
Out of State rentals: Austin, TX
Hello All,Recently, 2 old college roommates of mine moved to Austin, Texas. I told them that I can't wait to make a visit down there (I am currently in Massachusetts) to see them, and check out the city. But giving it...
Nicho Pruett
Tenant pours bag of quick cement in toilet
A friend of mine had a disgruntled tenant who they were about to evict. The tenant poured a bag of quick cement in the toilet and has destroyed the system. Is there any kind of insurance that could have been purchased...
Jacob R.
First home, plan to turn into rental in 2-5 years
Good Evening BP,First, I would like to lay out the scenario, and then list the questions below. Not sure if it matters but I’m a single male in Dallas, TX with a steady salary. I am planning on getting into REI, but ...
Account Closed
Hard Money pts considered part of closing costs or separate?
Hi folks,
Hopefully a simple question.
I talked to a private lender recently and asked what typical closing costs were. I was told $5-6k, which didn't shock me too much.
Later in the conversation I asked what the...
Lance Knapp
Where Should I invest for 7% Cap Rate and 3% Annual Appreciation?
Hi All,I am a first time real estate investor approved to buy a property that is about $1MM. I am from West Los Angeles, CA, which is a market where cash flow is hard to come by. I have decided I may need to invest ou...
Jeff Howard
Birmingham vs. Indianapolis for rental property
Hello,I am getting closer to pulling the trigger on our first investment home and have roughly narrowed it down to Indianapolis and Birmingham. Obviously very different spots, and buying in both areas is an option dow...
Bryan L.
Negative Cash Flow
Just wondering. How many of you out there have rental properties (or had rental properties) with negative cash-flow? I do. And I see so many newbies on here with a goal to be a buy-and-hold investor and I think ...
Mike R.
service animals of a tenant's guest
Still trying to understand what we have to do to accommodate a service animal, but long story short, we have a tenant (the only person listed on the lease) that we have noticed the smell of dog and cat when our lease...
Shonda Williams
Starting a eviction...
Hello everyone!The lease says rent is due on the 1st and late after that, there is a grace period of 5 days before we add on $50 late fee.I have a tenant who moved into the rental in November. Since then she has been ...
Account Closed
Winterizing Retirment in a Recession
Last week I was having a conversation with my dad about retirement. Like most people, the majority of his retirement investments are done via his 401k. I came away from that conversation thinking, “If I was in his pos...