I'm trying to decide weather or not this house will be a good investment for me. It can be purchased for $22,100 And it will rent for $600 per month. I estimate it needs $5,000 worth of fix up to make it rentable. Ta...
When renting my properties, I have prospective tenants claiming their felt being discriminated aagainst because they were declined due to their credit score or income. Though I am free from such complaints since it's ...
Wow! 2020 is now half way over. Who would have thought that the country/world would be where it is today. It is not where I thought it would be. Nevertheless, here we are and it’s time to take an accounting to see whe...
Hi BP Fam!So the rule of thumb I hear is to have the tenants gross income equal or greater than three times the rent rate. Just to clarify, If I have a boyfriend and girlfriend, sisters, friends, whomever renting my u...
I made an offer $12K below asking price for a vacation condo in Hawaii and have it under contract. Everything has been going smoothly with the process until I just saw that the appraisal came back BELOW our purchase p...
I have been searching for lenders on LinkedIn that can give lower down payment requirements. One reached out to me about lending with 100% financing. They give business loans at 6 month to 15 year terms with 5K minim...
Hi fellow BP nation, I would like your opinion on this scenario. I am in discussion with a seller right now on an 8 unit property: (4) duplex's. The numbers work, and are as follows:Purchase price: $340,00025% down...
Hello,
Our first tenant is moving out early next week and I have had a chance to walk the property and have noted several damages. I have scheduled a contractor come assess how much the repairs would cost but wante...
Hey again. Iwanted to find out about the real estate guru Robert Allen. I haven't read One Minute Millionaire because I'm just starting out. I just know about Allen because I've heard his name mentioned on TV and ...
I'm going to start doing buy/rehab/sell deals with a money partner. We'll be 50/50 profits and losses. The purchase and rehab will be funded 100% from his money. I will be doing all of the finding and project manag...