Bea B.
Horror investment - The nightmare came true
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $35,000
Cash invested: $35,000
Sale price: $45,000
My first investment turned out to be a nightmare of every RE...
Adam Pervez
Red Flags when looking at MF properties
Hi all,For a first-time investor who wants to house hack, what are some issues that I should avoid for a newbie when looking for a first house hack. I am under contract on a MF and during the inspection, there was a l...
Maritza Pedlar
3.5% (0 money down situation) vs 10% down
Hi BP community! I am closing in on my first duplex in Philadelphia in the 19140 zipcode. I will be house-hacking. I've been living in Philly for 5 years and I'm cool with the area, I like North Philly!
I'm purcha...
Steve S.
Do you keep high or low deductibles on your rentals?
I've gone back and forth on this and am trying to decide which makes more sense. Seems if something broke under $1,000, I may not want to claim it and i may benefit from pushing my deductible up for the things like r...
Tim Wang
Newbie in Austin, TX
Hello BP, my name is Tim! I moved to Austin, TX last year for my first job out of college. It’s funny, I always thought that when I started making money, I would want to spend it on buying myself nice things. But the ...
Susan Authement
Hello from warm and sunny Arizona
Hi everyone,
My name is Susan. Im a Veteran and former army spouse living in Arizona right now. I was born and raised in Michigan. I am a 3 time cancer survivor.
I have lived all over the world but my favorite as ...
Gabriel Oquendo
Myrtle Beach STR
Hey all!I'm looking to invest in Myrtle Beach at the beginning of 2024. What are your thoughts on the state of the market and potential growth opportunities? I've heard that HOA fees and seasonality have made it hard ...
Account Closed
Insurance Deductible
What percentage rate of insurance deductible do most of you use. I am currently using 1% deductible and considering using 2% or 3% percent instead.
Randy Johns
Are Reserves Required?
Looking to purchase 1st multi-family and being told that I need 6 months reserves after down payment and closing costs. Is this true, is this new? (Ex: mortgage is $3k, would need $18k on top of closing costs and down...
Steven Arnold
2nd Investment Property in 6 Months - what next?
Hello BP community,My wife and I began REI this year obtaining a 2BR 1B house (w/ detached garage and full basement) in the Oshkosh, WI area in February uncertain of what we were getting into. The questions in our min...