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We have just 5 properties, but with turnover each year, it is very time-consuming to figure out security deposit refunds net of any deductions. We use a spreadsheet to track any deductions for issues caused by tenant ...
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Hello BiggerPockets community,I am new to real estate investing and we now have 3 properties and accelerating. Before the accounting side of the business management gets too far, I was wondering if there are any reco...
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Hi all!
Currently about to close on our first house-hack/short term rental near Austin and were approached by a family member who wants to partner up with us and invest in another duplex about a hour away from our du...
Short form: I suspect my tenants of "faking" water in the master bath / bedroom. We had redone the entire bathroom while living there, and did not notice any water issues. Tenant has been in 2 years with no water issu...
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A friend of mine recently retired with a very, very substantial amount of money in his retirement accounts but is now having issues getting funding for a personal residence. He currently lives in CA, and is in the pro...
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Hey all,
So I was looking at a 10-unit multi-family property the other day online and it was advertising an 8 CAP. But when I ran the numbers, the CAP rate I got was closer to 6. When I asked the broker where the 8 CA...
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Good day fellow Bpers, I need your help.April 2019, my daughter asked me to guarantor an apt for her senior college year in Fayetteville, Arkansas. After asking her to show me the cost savings of doing so I decided ok...
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I'm a little confused on how to calculate the DTI ratio. If a rental property is in your name, and let's assume that 75% of the rents offsets the PITI but you have no cashflow. Let's say you want to go out and get ano...
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Hi everyone!After a lot of learning & reading I've made my first offer on a 4 family building in Brooklyn, here are the numbers:Price: 1.28M (FHA 3.5% downpayment = 44.8k, closing costs = 32k -> total money dow...
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Hi All,
I currently own a two bedroom with a loft, 2 bathroom townhouse and rent it by way of Section 8 for $875. Ive had the tenant in the property for a few years now and would like to raise the rent. I hav...