Allen L.
Frustrated about lack of cash flow
Long story short, my fiance and I own 5 properties in US and Canada generating about $88K USD of gross annual rental income. 4 are SFH and 1 Duplex. However our estimated annual cash flow is $6500 USD after PITI, prop...
Mark K.
What does it take for you to cash flow $1K/month?
Hello,I’d like to get an idea of what it takes for you to cash flow $1K/month. I am a newbie and in the midst of ironing out my short and long term plan/goals. I believe that if I can cash flow $3K/month I can quit ...
Derek Moya
The house I lease is up for auction...
I have a year left on my lease and I have not missed a payment to owner even though she was in default. Will I be kicked out the day after the auction if someone buys it? I'm worried the sheriff will lock me out and I...
Randy B.
Does updating a rental property tend to bring a higher caliber of renter?
We have two 4/2.5 SFRs in Murrieta, CA that were built in 1988. They have never been updated so they still have those ugly oak cabinets in the kitchen and bathrooms as well as the old fixtures and plastic shower/tubs ...
Julie Williams
Financing a multifamily with empty units
Hello all. I just read an article on commercial financing that said commercial lenders would consider rents in the decision when financing a multi-family if there were leases. I am going on a three-day car trip tomorr...
Charles Bailey
When to or when not to pay contractors
When should you pay a contractor? Should you pay them in increments, with a deposit in the beginning, again midway through the project and lastly once the project is complete? Or is there a better way to protect both ...
Mary Jay
Would you buy a new construction 260k vs 34 y o house for 210K
Hi guys!I have a questions for you..I am trying to figure out which is a better deal...2 houses, same sq ft, both not in a flood zone, same neighborhood, same rent, same block structure, same everything, except:1) one...
Shane Ryan
How should I approach investor/land owner
I'm still new to biggerpockets so please forgive if I'm posting in the wrong area or to often.
I made a post the other day about "sweat equity" scenario. I've slowly been making progress on figuring out how make thi...
Phillip Tillotson
Bill Gulley: Path to Success Education
Background:I completed my associates degree in information technology with an emphasis on networking, and I achieved the CCNA certification (Cisco Certified Networking Associate)My first job in IT was running the IT d...
Brian Zitzow
Realtor shocked I want to offer 100k less than asking price.
So I just got off the phone with my realtor. I want to write an offer for 245k on a duplex that is in probate and asking 350k. He was shocked. He said he "knows it is worth at least 320k". It's tax assessed at 315k in...