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Hey all! I am under contract for a property at 295k for a 1977 3b2b, 1984 2b1b, a double storage shed, and a covered double car port on 4.25 acres of unrestricted land. Is this as good of a deal as I am thinking? I am...
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Hello everyone,I'll try to make a long story short here. I recently had a tenant who I could hear running the water for long amounts of times (15 minutes or more). After the third time in three weeks I asked them what...
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I just purchased a place for myself to live in. I have my other properties under my LLC that the utility bill is under. Can I add this property? I purchased in my name, not LLC.
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I'm new to REI and thinking of buying a 2 unit duplex. I was wondering, should I use the 50% rule when analyzing a duplex as well as a SFR, or should the 50% rule be modified for a duplex?
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Just curious what the general consensus is on this…say there's 2 friends that live in a 2 bedroom/2 bathroom apartment. The bedrooms and bathrooms are the same square footage so rent/utilities are split 50/50. Then on...
Closing on a 4 plex next week and I have some questions. The building is residential style, it is a large home split up into 4 units with individual exterior doors. Property is mostly rent ready, however 2 units share...
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Hello, I emailed the instructions for utility subscriptions to my tenant a days before their move in date. The guy has replied all of my emails except this one. How can I politely make it clear that they need to sign ...
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Hello all,
I have vacated one of my properties and where I use to house hack. Since the other two rooms are currently rented by the room, I will be renting out the room I use to stay in to a different person and con...
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Hey BP Community! I'm excited to announce that I am currently under contract for my first home (house hack) at 20 years old! I am a current college student at the University of Utah and plan to do single room rentals ...
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This is a debate that occurs often in the 50% rule.
Some argue that with owner paid utilities, your expense ratio could very well be much higher than the average 50% while others argue that the rental rate increase fo...