I am considering buying my first rental property and wanted some feedback from people that have done it before. Feel free to tell me it’s a bad idea, give advice, encourage, or tell me your process. Everything helps. ...
Hello all,
This is my first question posed on B.P.! My question is simple. I am set to close on a property this month (a triplex). The purchase price is $48,000 with 25% down ($12,000). So my loan will be $36,000. H...
Hi,
I was looking to upgrade my accounting systems at the beginning of the new year. I was wondering what the best software is for real estate accounting? Or what you would advise me to use? All options will be gre...
What type of insurance do you all recommend for short term real estate holding and construction. Liability, etc? Also how do you generally hold title? LLC?Our plan is to flip and only hold for 4-6 months.
I had 4 different roofing companies assess the roof of my long term rental. All but 3 have recommended replacing the roof completely. It already has 2 layers of shingles, needs a cricket for the add-on chimney, new pi...
I am 28yrs old in LA working in marketing. Right now I have about $20k in a high yield online savings and money market, and not exactly sure which I should focus on more - paying off student loans, saving to buy a...
I am in the process of buying 3 duplexes that are undervalued because of rents. They are renting for $800-850. Market rents for this size in this neighborhood. should be 1100-1200. Once you purchase how do you rais...
Hello all,
This is my first post on biggerpockets, nice to (e)meet you all! I'm excited to have finally found an online forum with such a vast collective knowledge. The purpose of this post is to gather as many...
Hello,Long time lurker, first time poster here on BiggerPockets. I have been following the site and listening to the podcasts religiously for about a year now. I currently have one investment property in California, w...
I wanted to reach out to everyone in this forum for some advice. A little background on me is that I am a self taught software programmer and have been doing it for over 4 years. However, over the past year I've reali...