We just got under contract for a single family home with a tenant already in place. They've been on a month-to-month but it doesn't sound like there was a formal lease agreement (just a verbal). We want to raise the ...
Bitter sweet today. I had a renter of 16 years they just moved out due to a job transfer out of state. That has been the longest renter I’ve ever had.
Hello all,My name is Alan and I live in Shrewsbury MA. Tax-achusetts as we call it here. Other than my current home, which was also my first purchase, I am relatively new to the real estate world. In June of 2014 I ju...
Here’s the short question: Should we buy 1-2 rental properties next year using a 25% down payment, or save/wait 24-36 months and begin a cycle of buy in cash and getting delayed financing.
Here’s the context: My wi...
I have been crunching numbers on a lot of properties and so-called-deals and not sure if I am missing something, or just not seeing it.Purchase Price - 100,000Loan Amount - 80,000 (@5%, 30-yr fixed conventional)Rents ...
I’ve posted fairly regularly about the success that my wife and I are having in STR at the beach in Carolina Beach, NC, and its generated some questions, but one that keeps repeating. I thought I would take a minute ...
Hi BP,My colleague and I have started taking the next steps to forming a partnership and purchasing our 1st MFH by the end of Q1 of 2021. At the moment, I’m looking for deals, underwriting, talking to brokers and sell...
Hello people of BP,
I have a 4-plex in Mesa AZ that is two-storied. One of the second floor tenant installed tile floor on her unit - as the result, the floor bowed down due to the weight of the tiles. I trie...
{LONG POST WARNING}I've researched this topic in a dozen other BP posts-- but I could use some additional input from the experiences and opinions of seasoned investors.(And please, no "consult with an attorney" respon...
Hi BP!What's your process and requirements for screening tenants? I'm in Texas Thank you