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I know we're all read about the 1% when it comes to real estate investing. For those who don't know what it means, it goes like this - A property that costs $100,000 should rent for at least $1,000 per monthA propert...
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First time landlord working with a property manager to rent a large, very clean, single family home in a Los Angeles suburb. What are acceptable tenant credit scores and requirements for cash reserves? I see that my ...
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Hello,
I'm a new investor with one unit in Indianapolis, IN. I'm an out of state landlord with a property management company taking care of the house. The tenants recently moved out and the property management compan...
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So today I called my CPA to let him know that I’m going to be buying rental properties in the near future. I Wanted to get some insight on some of the tax breaks I would be getting for having rental properties, he ...
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I purchased a 4-plex in November of 2020. Class C property in a neighborhood that houses a lot of voucher holders and lower-income families. I inherited three tenants that were advertised as paying and up-to-date with...
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I’m trying to get at least $40k net profit from a single flip in Michigan?I have 200k to invest.Am I being greedy? What amount of return would you expect if you had $200k in cash to use for flips?My realtor said for a...
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A fellow investor recently said to me, "I want a 60 year old renter because they're stuck in their ways and I want them to be stuck in my home." If this is the target renter, you'd have to have single-story homes with...
http://www.latimes.com/business/realestate/la-fi-h...LA area home prices continue to rise (heck, so does inflation!), and less people are buying them. The above article cites "inventory constraints, credit hurdles and...
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Greetings fellow BP'ers
Back by popular demand!
I am going to document my next project BRRR 3.0
The house is on the West Side of Jacksonville in 32210. It was in a tree accident. By that I mean a tree fell on t...
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How much do you pay a lawyer on the buy side of a transaction? I saw another thread that said they work with lawyers that have $250/hr rates. I've been told $550 and $700 by individual lawyers to close on a property.A...