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If your strategy is long-term buy and hold, how long do you prefer your tenant leases are (in a class C area)? And, why?
A) Month-to-month
B) 6-months
C) 1-year
I recently was offered a pension lump sum payout by a previous employer. As a 45 year old, I have a few years left until retirement. I have 13 vested years with this previous employer with a monthly payment estimate...
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We are considering a lakehouse as a STR. I'm curious if anyone has offered add-ons for their renters? Has anyone added a car (directly or though Turo) or a boat or anything like that?I know it's done because as STR re...
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Hi Everyone! I am brand new to BP and excited to get into the world of REI. I am currently in the research/educating myself phase and am also working toward getting my real estate license before tackling my first proj...
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Hi All,We are looking to purchase a home using a 1031 exchange and keep the seller's financing in place. We will have equitable title and the seller will retain legal title. Does anyone have a template of a contract w...
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We have an LLC in which I and my partner have 50/50 ownership. We are applying for a blanket loan which will refi 9 single family homes. My partner's credit has some dings on it and is fairly low. The lender is saying...
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We're just starting out, and I'm considering using a 401k loan to help buy BRRRR properties. We'd be paying it back within a few months once we refinance. There's obviously some risk. And we'd bringing some of our own...
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Hi All,The home we just purchased for a rental has a beautiful "hot tub room" made of cedar, sky lights, with a double door out to the deck. It came with a hot tub that is about 4 years old and works. My first thoug...
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I just purchased my first rental property (3 bed/1 bath townhome). I am in the process of finding a tenant and have interest from a couple different groups of young adults. Both situations are 3 non related young ad...
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Hello Everyone!
I am needing some advise on a property I have found. It is a small RV park (12 spaces) mainly used by oilfield workers. The posting says they currently rent for $400 a month, which is average for tha...