Chris Risi
STR Strategy? How much should I have in reserves?
Hey All,I have a few STR/MTR properties in Phoenix and I have never touched any of the rental income. Have just kept it in the bank accounts. Anyone have any opinion on when its "ok" to start using profits to pay for ...
Eric Stugart
How to calculate CapEx
Hey all, I read the chapter on calculating CapEx in the BiggerPockets investing in rental properties book by Brandon Turner and it had CapEx at $182 and change per month. But I saw on a recent deal that someone had t...
Gopichand N.
Is contigency reserve normal for property management?
I am currently in the process of reviewing a contract from a property management company, and I came across a clause that raised some questions.The contract stipulates that a sum of $500 per property, up to a maximum ...
Russell Butler
New investor from Texas
Hello all. I am a 32 year old construction manager in North East Texas. My wife and I bought our first home 2 years ago and through modest remodel we have added $20k in equity. I have been interested in real estate in...
Joshua Joseph
Replacing windows, long wait time
I have ran into a bump in the road on my first rental property. I need 11 windows replaced. The window company is telling me they won’t have them installed until March (12 weeks) long wait time due to covid and holida...
Ryan Redenius
Borrowed or Gift Funds for Down Payment
Hey all - I'm looking to do my first investment in a 3-4 unit multi-family in Chicago. Due to circumstances, I don't anticipate being able to occupy the building - so I'm prepared to put 25% down.However, I spoke wit...
Ashley Sommer
Make a large payment toward student loans before getting pre-approved?
Hi,
My husband and I are looking to get pre-approved for our first home very soon (this weekend). Our only debts are his student loans. Our combined assets outweigh his total debt (not sure if this matters).
My hu...
Dave Anderson
Helping relatives invest using our income/credit..
My wife and I have excellent credit, no loans, and a high income. We've never done real estate investing before, but are considering out-of-state turnkey properties (we're from the Seattle area, particularly bad for c...
Josh Deel
Can I Use Equity Multiple Times To Invest In Real Estate
So I'm seriously planning to expand my investment portfolio in 2018. I currently have around $450-500k in equity. My question is, if I were to access this equity via an equity line of credit from "lender A" to use to...
Aaron Wright
One -CF Rental, want to expand, thoughts..
Ok, here is the situation I am in right now:I have one rental property, which was a home that I lived in for 10 years, and was subsequently unable to sell. I have nearly 50% equity in the property, and 10 years until...