Matthew Medcalf
How much of a safety net for a first house hack?
Let's say I buy a property for $150,0003.5% down puts me at $5250 for a down payment. How much additional should I be looking to save for a safety net for the property (vacancies, repairs, closing fees, ect). I will a...
Colin Merrill
Building a Wordpress site for rent collection and repair requests
Hi BP,So I've come to the realization that rent collection and getting calls from tenants is taking up way to much of my time that could be better served building the business. There are services out there such as Co...
Ray Smith
Structuring Partnership with parents
My parents have $200 - $300k in capital they would be interested in using to start a portfolio, but would be more comfortable using less than $100k if possible. My wife and I have $30k max to contribute.
1. How wou...
Sean Sheldon
Reselling a BRRR in the future and the effect the rehab has on it
So I understand the process and am getting ready to start BRRRing in my area. I am trying to think ahead and understand most of the process. The only thing I don't think I have read about is after you refinance and mo...
Daniel Mina
Prepayment penalty and interest arrears
Hey All,I have a question about prepayment on conventional loans. The mortgage loans I'm currently after all state "no prepayment penalty." Say I am a few years into my mortgage and I believe I can pay a little extra ...
Craig Lang
Mid term rentals in Worcester
Hey BP community! Looking at RE in Worcester Mass. SMF properties are a tad bit over budget so trying to change strategies. Has anyone had luck with medium term rentals for traveling nurses and professionals?
Thank...
Justin Knighten
Different Airbnb Host Fees
I'm working through my tax stuff currently. I have 2 listings on Airbnb. When adding up the host fees I've paid, it looks like one of them is at 3% and the other is being charged 5%. From what I've been able to fin...
James Furlo
Is there such a thing as group loans?
Sometimes, I come across a deal where it makes sense to have more than 1 private lender/investor. So far, I’ve had them all on title at different positions.
But instead of lining them all up at different debt posit...
Mindy Jensen
4 bedroom house - what is the best bed layout?
I'm prepping for my first AirBnB and want to get your advice on the best bed plan.
4 bedroom house, one queen-sized murphy bed in the upstairs bedroom. (Upstairs is a bedroom, 3/4 bath, and living space)
2 bedrooms...
Cam Jimmy
Which type of loan makes the most sense to a buy & hold investor
Example... Which would you (you meaning real estate investors out there) prefer,1) 15 year loan @ X% that yields a $200 a month positive monthly income on a 4-plex, or2) 30 year loan @ X+% that yields a $900 a month p...