Every month I put 10% of all rents collected in a reserve account for cap ex. I don't expect any major system expenses in the next few years, as most of my doors were total rehabs after I purchased them. I have ample ...
I know this is an odd ball question, but do any BP members have/own/run a Horse boarding stable? Is it worth it? Or is running that kind of business a hassle? Here in the Chicago land area (1.5 hours away from the ci...
Hello Y'all! TJ Clinch from Austin, TX here. Moved to Austin from Houston 8 years ago and got started in real estate as a Realtor about 5 years ago. My wife introduced me to BiggerPockets and after listening to sev...
This question is a pretty vague one so please feel free to ask more questions if there is any confusion on what I’m asking. But I am looking to get into rental properties and am curious what do you do if you have very...
Hello BP family I am in the process of making an offer on a Chicago SF home 3 beds 3 bath. It is listed at 140k and in need of approximately 15K work. The properties in the area are within the 190 to 240k range. My qu...
I’m on the fence.For rental properties, some books and podcasts say get as many properties as you can with as many mortgages as you can with $X. Others suggest to take the same amount of $X and purchase with all cash....
I was on Realty Trac and under the REO section i saw some houses not yet listed with an re agent but with a transfer value price on them. I wonder if i can contact the bank if they will sell it to me for that price an...
Quick question. If you were in negotiations on the purchase of a SFH rental property in a nice neighborhood, would you be deterred by a barking pitbull that lives next door? Just discovered the dog today, and accor...
So my current situation is that I am active duty military living in Hawaii with my wife who is an RN. We currently have two years left in Hawaii. We have one condo which we bought being rent out and we currently live ...
This question is rather broad and understand the answer will depend on everyone's situation. There I'm looking for some guidance on figuring out how to calculate the numbers rather than a simple "you should do this" ...