Kimberly T.
Can "having a job" be part of your tenant screening criteria?
Hear me out.
Let's say part of your screening criteria is a minimum of 3x rent as income. In CA and some (all?) other states, you cannot discriminate based on source of income. That means if the prospective...
Patrick Sears
Hotel cap rates
Hello,I am becoming interested in possibly investing in hotels/motels in the future. I have been reading that the mid to higher-level properties are valued on cap rates just like apartments. I have seen a few on Loo...
Matt Michaels
Chicago Duplexes Costing Models
Hello BP community!Quick background to provide context. I am a multi-family real estate investor currently living in the Pittsburgh area. I bought my first duplex in 2018 and house hacked it, and then moved to my seco...
Dinardo Rodriguez
Prospective Chicago Investor: Feedback on this Analysis
Hello folks!After my research, I concluded that I want to purchase my first duplex/triplex in the Chicagoland area through an FHA Loan. I'm looking to begin the search for a property a year from now (December 2022/Jan...
Derek Segesdy
Brand New Investor with 100k How Do I Get The Most?
Hey BP community. I live in the Tampa area. I'm brand new to REI and am just getting my feet wet with the language and techniques. Trying to learn the numbers as I go and understand how to evaluate a property. I'm...
Jon Dang
Closing Soon and Nervous! Vacancy? What to look out for?
Hello BP family,
I was scheduled for a closing this Thursday. However, that has been extended a week since they have to evict two units. My loan officer hasn't got back the clear to close due and or closing disclosur...
Gino Barbaro
What is the best management solution for 10-50 units??
When we first started out, we employed resident managers on our properties. We had a 25 and a 36 unit, and each had a resident manager that we issued a 1099 and paid a percent of gross revenue. As we grew, we replac...
Michael Greenberg
How to manage and list a "flexible" vacation rental space
I am looking to purchase a "flexible" vacation rental home. One I am considering is 3,000 square feet, 5 bedrooms, 5 bathrooms, a large entertainment area and a pool. I am considering sectioning off two of the bedro...
Craigx Dies
Renters Growing Pot
Hello,I have a rental property with a full walkout basement. Recently we conducted an inspection of the property and discovered my renters were growing pot in the basement. It was a professional setup. I stopped th...
Account Closed
Strategic question for my first property
Hey BP,I'm new to the game trying to get my first rental property in the Mesa/Gilbert/Chandler AZ area. I'm looking at small multi-family for house hacking but have the following issues with risk and financing.1. conv...