My parents were preparing to sell their home in Bridgewater, Virginia, so I decided I'd run an analysis on it to determine if it would cashflow if, instead of selling, they rented the property out. These are the num...
Hi everyone! I've been actively developing landlord software over the past few years to better manage my units. It has helped ease some of my problems when dealing with daily procedures and tenants. I am curious if ot...
Numbers: Using own cash $100K or less = acquisition + rehab cost $2500 =monthly rent $1000 = expenses To minimize risks, it will owned by a new LLC. Plan to refinance to cash out after all units...
Hello BP Members, I am arranging some financing options for a purchase and one of those is a self-directed IRA. Any advice around best ways to use one of these and anything I should avoid would be appreciated.The h...
Hi all. Is it best practice to shop lenders? Any tips/tricks or info around this would be super helpful.My situation:Credit score of 800-805 (depending on company). I want the lowest interest rate, and lowest down pay...
If you're looking to buy a property out of state, site unseen.. how would you best approach this? Other than not physically being able to see the property and check up on it yourself, is there really that much of a di...
I love getting on the phone and helping people, but I'd be interested how you all are streamlining your business. I'm not a fan of the voicemail cause I know that most don't leave a message. I know cause I miss my cal...
I am looking to start saving for my first rental property and I have a fully furnished spare bedroom in my primary residence to rent out. I was hoping I could get some best practices for going about renting this room...
Hi Everyone,
Seeking some info on how you would request & assess a contractor bid.
How would you like to see the bid & it broken out?
What else would you ask for so that you can easily assess the bid?
...
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