I currently own and self manage 16 single family rentals, and while it hasn't been to difficult or time consuming, I intend to continue to grow my portfolio and can see a need to hand of many of the tasks I currently ...
Hello BP, i was thinking whether i should let an individual property manager who have experience working with investor or simply using a property management company to run my portfolio. What do you guys think? Is the ...
Hi, I am very new to all of this - just finished reading J. Scott's book. I agree that there are several perks to getting your real estate license, but I am wondering if it's worth it if I only want to use it for the...
Hello! So me and my mom run STRs in the Houston, Katy and Galveston area. These aren’t very steady income and we’re looking to transition into longer term rentals. We want to try the rent per room long term strategy, ...
I am close to completing the broker courses for Illinois, and so now I face the task of finding a place to hang my license. I was wondering if I could get the BP community's feedback on whether I should go with a trad...
Hello BP,
I would like to hear a second opinion here regarding Real Estate Professional Status (REPS).
Background: I have a full time W2 job. My wife does not work. My wife and I formed a partnership LLC back in 201...
When it come to a total fix and flip house which tasks could I get unlicensed contractors to do and which tasks require permits? Roofing, electrical, A/C, plumbing, sheet rock, painting, etc. I know some guys that are...
Hello,
My tenant signed the lease at the beginning of June, to move in mid-June. This lease included a pet addendum for her 2 small dogs. Now that the first full month's rent is due (after she has already had the ke...
I am a 20 year old college student looking for advice on what to do in my current situation. I work 2 (soon to be 3 jobs), live at home, attend college, have 20 grand saved up on top of stocks and an IRA. Should I pul...
Hi All,
Been lurking for a few months and soaking in all the great information here at BP! Thanks for all the great info!
I am going to be taking on my first REO flip here shortly and feel I have all my ducks in a r...