They have added a 6-9% fee to guests just recently, and it is bringing many owner's vacation rentals to a slowdown, or halt. Owners and guests are rather irate, and there is a facebook group of over 1000 owners. If yo...
Do you need your RE license to buy and sell RE and make a profit off it in Michigan? If I would rather use a realtor for veiwing, buying and selling properties anyways, is it at all beneficial for me to get it? I woul...
Hey all,Some of you know me on here as a private mortgage broker that helps investors get the best financing option in 45 states. However, I constantly see the same questions asked here on BP, so I figured I'd make an...
I'm assessing a deal on a 5 unit property in greater Boston area. All the numbers look good except the cash on cash return after year one is 5.3%. At 30 years it's 9.7%. I've read that COC should be between 8-12% mi...
Just noticed on my profile I have "get a mentor" as part of what I'm looking for or goals. Now I read "...that they are looking for a mentor to teach them all they know but offer nothing in return but the privilege o...
Hey guys,I am new to starting out and have a friend who wants to get into buy and hold investments. He wants me to take care of finding potential properties to look at. What's an effective way to to see if a property ...
Can the kind of economic growth rates seen in Texas right now be sustained over the long run? Is anyone concerned that the state is too reliant on Oil and Gas industries, and the manufacturing that supports them? ...
We purchased an ocean front 4 bed 4 bath condo on the Space Coast of Florida 4 years ago for $620,000. Our interest rate is 2.8% putting our mortgage at only $1,880. HOA dues are $1100/mo but expecting them to incre...
I was wondering if anyone out there is in the Lawton market and what you all think of it’s vibrancy. I’m snooping around that area and would love to get a boots on the ground report and opinion. Thanks in advance!
Hey BP!So I'm finally getting my first rental property this week and I have a few random questions that I was hoping to get some help with. 1. Utilities - I'm not sure how the utilities work. There is some light remod...