Patrick Bavaro
Day 4 as a Landlord, and need to get rid of my tenant
Hello BP! As some of you may know, I recently became a landlord over the weekend through my first house-hack. I'm attributing this issue to being new to the game, and not executing my application/screening process as ...
Zachary Jensen
Wife doesn't want to increase rents
I'm just about to close on my first rental property (house-hacking a duplex in a small town outside of San Diego, CA). The previous Landlord raised rents 3-5% every year on this property, so it is currently rented fo...
Svetlana Kazantseva
General Contractors refusing to quote without them buying materials
Hi all! We have a really hard time finding a general contractor for our repair project in a buy & hold SFH in Kansas City, MO. We hired a property manager after purchasing the house and both contractors they sent ...
David Zheng
Stop Asking for Help. Just Stop.
I've gotten so many investors asking me what areas, neighborhoods, ZIP codes I've worked in, it's ridiculous. STOP DOING THAT TO PEOPLE.Do people have no shame when they are essentially trying to drink from the same w...
Alicia Marks
QOTW: How long did it take you to purchase your first investment?
Welcome to our question of the week! Based on last week's responses, we have a lot of lurkers that have not purchased their first property. Buying the first, or even second and third can feel pretty nerve wracking. So...
Account Closed
Burned on foreclosure purchase
I was wondering if there is any investors who would be willing to share a horror story on a foreclosure they bought only to find they got more than they bargained for.To get the ball rolling he is one of mine.The stor...
Derek Fike
Honest Discussion on STRs
Hey Everyone,I know that there has been quite a bit of conflict as to whether an STR can be profitable or not, so I figured that coming to this community for perspective would be best. I keep hearing that STRs are dea...
Kirk B
The 50% rule is wrong!
Or is it just incomplete?
House 1:
Units: 2
Gross Rents: $1,000
...
Christina Tkacs
Can you truly get ahead by buying turn-key homes
I want to write the title in quotes because it's not like I had much of a strategy to start with. I bought a duplex and a turn-key SFH at a normal price for houses in the area. Both were conventional loans with 25% ...
Aaron T.
What percent are you using for maintenance, vacancy, PM, etc???
I am using the BP rental calc to evaluate properties for potential rental performance. What numbers is everyone using for their expenses?I am using:Vacancy- 6%-8% this gives me one months rent at 8% or just enough to ...