Rick Bassett
Prefer to rent from owner
I've been renting houses for some time now and I'm always taken back by the comment "I prefer to rent from an owner/landlord directly" from prospective tenants. My inclination is that this is a red flag as it immediat...
Carson E.
Tracking Expenses on numerous rental houses
We have close to 30 rental houses and trying to run the books on them gets beyond tedious. We use the Wave app to take pics of our receipts and then process them at a later time. Now our CPA wants items broken out b...
Albert Olivarria
"As is" "Where is" addendum
Hello all, I have a counter offer on a duplex that I am trying to purchase. The owner has never occupied the property, so there is no property condition report. They added in an "as is" "where is" addendum to the offe...
Bryan Findlay
1031 exchange would get me new rentals and cash flow but no loan?
My Credit is 765, my wifes the same /part time nurse- I have 80K saved, DI retirement $1043 monthly for life, I own 3 homes (2 rentals and 1 primary) which is my only debt. One rental in CA that is worth 180K more t...
Mike Morris
Are installing security cameras for college rentals a mistake?
I have many college rentals, all long term, about $1300 per unit. Turn over is every August so I get 20+ brand new 19 -20 year old tenants every 365 days, like rotation for the past 20 years. These past few years the ...
Jason Douthitt
Rewire or not?
Anyone rewire any units in Oklahoma lately? I'm bidding on a property that is 60 years old. It's going to need a higher amperage box and since the drywall will be out anyway, I'm thinking that the old wiring should be...
Oriana Campbell
What Can You Do with 10,000 for Rehab?
Hello Fellow Members,If I purchased a property for rental that required 10,000 in rehab, exactly what work can I do? I know it may varied depending on the condition of the house, but 10,000 seems like somewhere betwee...
Andrew S.
Proactively replace 1998 furnace that works fine and appears in good condition??
Good evening BP,I have a move out in one of my units that has a 1998 gas furnace that works great. No visible issues, haven't had any issues during the 5 years I've owned the place. Does anyone proactively replace fur...
Stephen Brown
What do you look for when driving around neighborhoods?
Hey BP!Simple question: What do you look for when driving around neighborhoods? How would the neighborhood class change your criteria? I'm currently looking at an A neighborhood and a C neighborhood.
Sean Mcguire
Primary residence
Hello BP community,My wife and I are still searching and researching the area for a primary residence. We are new to the area and we'd much rather live in an investment for a few years and rent it out later. Any tip...