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Hello BP friends. I need your help on what to do with my rental.My monthly mortgage payment is greater than the rent I can get by $150 and the 2023 taxes are going up another $150/month.I’m sure this is a common issue...
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We’ve outgrown our family home, but instead of just selling it, we wanted to keep it & rent it long term. $200k + equity in California home. Hoping to transfer to LLC? Good idea? Thanks!
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Hey all, 20 year old Junior in college. Interested in REI and owning rentals. Since I have very little capital and low income, I am planning on partnering with family to buy an out of state duplex. Can you take a loo...
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So I have been renting for the last 12 years paying $650 a month for a 1250 sq ft house. I like the area that I am in but it is not a growth area at all. Plus all of that money is just going to help somebody else's ne...
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Hi everyone, I’m looking for guidance on whether or not to keep my property. Here’s the story.... I bought my 3 bed 1.5 bath in June 2019 thinking it would be a “turn key” rental for the neighborhood. I purchased the ...
Prices keep rising... it's a sellers market... signs of a bubble are pervasive but.. is it a bubble or has the market changed permanently.... thoughts?
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Hello All,
Was looking at these after purchasing the King Cooperative Purchase System. He includes the contracts, but only shows how to fill out the main one. Process is,
1. Locate seller with little or no equity....
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Hey BP, I was just wondering how property management worked. Say I bought a 4 unit or whatever it may be. Can somebody give me the basics? I see people saying something like 10% of the income on the property? O...
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Hey Everyone!
I'm being a bit dramatic with my title here, but I do have a serious question if anyone is willing to provide some feedback.
I had recently asked a question in the forums about turnkey inv...
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I'm a complete noob. I'm planning to put in my first offer on my first rental on a SFH in Kansas City in the next day or two.$140k offer8% interest rate20% down8% management fee5% vacancy5% maintenance 5% cap exI have...