Michael Sellers
203k Newbie Questions
Hi everyone,I've been doing some research on FHA 203k loans, and I'm a complete newbie to investing so I still have a few questions. I've seen online (usbank.com) that the current average rate for a regular 30-yr FHA ...
Kedian Jimenez
How to fund a deal with a mortgage already
Hey there bigger pockets!Hope all is well! Just want to come on here and air out some of the challenges my team is facing and wondering what everyone else did when they ran into something like this. We currently have ...
Glen Wiley
renting washer and dryer
What do you charge to rent a washer and dryer to your tenants? I just signed a lease on a SFH that includes $30/month for each device to rent (not rent to own). Bought new for $450, I figure after 15 months I will get...
Brandon Allenczy
Should I Refinance or HELOC?
Hey BP community!
Looking for some advice on a unit I have in Wilmington, North Carolina. It's a SFH that cash flows somewhere around $75-$100 per month. It wasn't purchased to be a rental but we turned it into one. ...
Anna M.
Rental Units with Garages (Urban areas)
Rental Units in Urban areas with Garages:Do you charge for the garage or factor it into the rents?If so how much?I realize that this will vary with area, but am curious to know what if anything people are charging for...
Ayodeji Kuponiyi
Feedback from Landlords & Property Management
Fellow landlords and PM, how should I respond to this text message from my tenant? My tenant texted me this morning regarding renewing his lease which ends on October. He wants to revert back to $850/month (which is w...
Edmund Post
House Hack Down Payment
I am wanting to buy a duplex for my first home and am wondering if I should pay the lowest down payment I can or the maximum. My plan was HFA 3.5%-10%. I cannot hit the 20%.
My thought process is if I pay the minimu...
Richard Pallarino
Calculating Rental Property Costs
Hi everyone,New to the real estate investing industry. When looking at a potential deal, how much extra do you include in monthly costs in addition to the mortgage payment? For example, if the mortgage payment on a $1...
Adam Roberts
Multi-unit, Landlord paid utilities
From speaking with other landlords, I can see that all-inclusive rent has a somewhat negative connotation as there is little room for positive CF. There is also the risk that tenants abuse utilities knowing they will...
John Suralik
Explanation of closing costs?
Can you explain closing costs for different types of real estate deals? I'm sure that they differ from location to location, but what I really want to find out the different costs for different types of deals? 1. Is c...