Chris Guthrie
Did I upgrade my first house too much to rent it out?
I bought a 1400 sq ft 3 br 2 bath HUD home in late 2012 for ~$130k after closing costs in Puyallup WA on a 15 year fixed mortgage at 2.875% interest. (Why 15 year? Wife listens to Dave Ramsey and the difference was on...
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best approach for acquiring rentals
If a new investor has around 300k to begin acquiring rentals, would it be wise to buy the first property ALL cash, and then draw on a LOC from that first property to buy the second ALL cash. Or just begin to purchase...
Austin Good
Best Ways to Cut Costs on Rehabs
Hello all,
Although I am not new to BP, this is my first post. I am a real estate broker and a real estate investor. I run a traditional real estate team as well as buy, rehab and sell properties. Last year we bought...
Michael Plaks
Explained: How CPAs charge you (and why)
'Tis the season for CPA hunting. And every year there're dozens of repetitive threads on this forum asking/debating/complaining about the CPA charges. I will try to assemble all related questions in this one long post...
Greg R.
Quote from maintenance company - are they trying to rip me off??
Ok, so I've been skeptical for many, many years of hiring a PM. My main concerns were that a PM wouldn't care for my properties like I would, that I would pay exorbitant amounts for any kind of maintenance, and that t...
Patrick Thomas Dickinson
To Sell or Rent my house San Francisco Bay Area
Quick question BP folks,
My tenants lease is up as of November 1st, 2022 and I am contemplating selling the property: As of right now I could walk away 200kish tax free because I have lived in the property 2 out of ...
Tiago Martins
$20-30k cash for c-class properties. Worth the headache?
I am thinking about buying single family homes in a C class area. I have found $20-30k homes, that I would pay cash for. These areas generally rent $500-800/month. I would be cash flowing 2% or greater. They aren'...
David Shiling
Biggest mistakes learned from first Rental?
What are some lessons y'all have learned from your rentals that you think nobody should make? Best things to put in your leases?
Morgan Klein
Tenant wants vape clause removed in contract.
I have a new tenant that wants to vape. My PM has a no smoking/no vaping clause in her contract, and he (tenant) wants the vaping part removed. Does anyone have any experience with tenants that vape? Will vaping ca...
Luke H.
Evict me or give me my deposit back
Hello all,A tenant recently lost his job and the other person that provided income went away. After he missed rent he mentioned he just got a new job and would pay, after a week, he stopped answering my calls so I wen...