Brian Collins
I believe I have found my first deal and need advice
Hello BP Community,Going to look at a couple 4-plex's on Monday. They are currently listed for $39,900 and are directly across from each other, Fannie Mae properties. I have ran some numbers using the rental calculato...
Carven Boursiquot
Own house with sister, how do we turn this into a profit rental?
My sister and I inherited a blessing at a high cost.Our parents both passed away and we inherited their two family home in Somerville, MA.My sister and I currently live together in the 2nd unit which has 4 rooms 2 ful...
Dominique Mickles
Having Cash In Bank
Is it true that if I want to buy a house with cash it must be in a bank account for 2 months before I can purchase the home? (I was told saving it in my mattress won’t do me any good)
Suzanne Storz
Which Marketing Material is King?
I am looking into either buying pens with my contact info & website on them, or direct mail postcards.Which would be a better deal in terms of getting responses? I'm leaning toward the postcards, but the pens off...
Justin Sandall
To increase rent or not to increase rent
We are nearing the end of our first year lease on a SFR and trying to decide whether or not to increase the rent for the coming year.
I've read that you typically increase ~3% annually but we are hesitant as we are ...
Levi Gale
Paying individuals
How do you guys go about paying an individual for work performed? For example I know Joe Nobody that does plumbing work, and he does a great job. Can I offer him a side job, if so how do I pay him and account for it...
Yvette Dietrich
?Question on declining a tenant
Based on our prospective applicant's initial contact he quoted 600 as his credit score and in our ad, we stated we were looking for 'good' credit. His credit came out at 530 with other delinquencies, judgement and li...
Adam Pervez
Investing out of New Jersey
Hi All,
I am interested to know which cities have been good areas for investment. I have heard that Columbus, Indianapolis, and a lot of the states in the Central Region have been good areas to invest in. I am lookin...
Joe Steinheiser
Should I sell it or rent it?
I bought a property with the intent of rehabbing it and then renting it. I also knew I had another exit strategy of selling if need be. The market is so crazy that I'm considering selling now. Here are the numbers:
...
Dan Host
Financial folks, I'm stumped. What's my best first loan option?
Hey there! Sorry for the long post. The urgency will be clear by the end, I promise. I'm ready to buy (or so I thought) my first investment property. I've got great personal credit, about $70k in liquid assets that I'...