I’m a newbie looking to purchase my first investment property. I found a cash-flowing four-plex on the market for $250k. It is fully rented and is getting $2700 in rent. I am approved for a conventional loan. 25% down...
I swear there is someone at Vrbo purposely torturing me with crazy guests and issues for their own humor! I have had my STR in Pigeon Forge since April and out of the 50 reservations I have hosted, 7 have come from Vr...
Hi BP Community—
In Virginia, when a Substitute Trustee is assigned and that firm brings a property to auction, I'm wondering if that firm - or their affiliates - can bid on the property at the courthouse steps. Or, ...
I would like my Airbnb to show up in a google search, so I have a few questions.1) I found a website that explained how to add it to "Google my Business." It requires a mailing address for the Airbnb, but I do not r...
Hello BP Peeps,Can someone please clarify, if REO Properties mean the bank has removed all Liens and/or money due on the property?Or does it simply mean the property did not sell at auction and the bank still owns th...
Hi!When you are refinancing a property and the appraisal value comes back way higher than your purchase+repair costs; how much will you borrow? The max the bank gives you to continue growing your portfolio? A prudent ...
Hello,current situation: I’m military and wife is a realtor. We Live in our primary home that we would like to stay in for at least 5 years. We own 1 condo that cash flows $400 a month after all expenses etc.
questi...
Hi all! I have listened to BP Podcasts, read about 4 books from Brandon Turner and I'm getting my ducks in a row before I pull the trigger and finance my first long term rental. Talking with a lender I may want to go ...
An interesting article in the WSJ on the disaster that is befalling Airbnb hosts, both owners and sub-leasee's. It also touches on the potential effects on the people they employ and general housing market.
Specific...
Hey BP Nation! I shared another deal I'm underwriting and came across the issue of Cap Ex with some BP members. I included the Cap in my 55% of the expenses and apparently I was wrong for this that. I was told the fol...