J. Martin
Using range of expenses in your profit / ROE estimates?
I know many members on BP use the 50% rule as a screening technique.. I was curious if anyone uses a range of estimates for expenses to estimate potential profit, rather than strictly 50% - either while they are ...
Kristina Anderson
Managing a Tax Lien through Title Insurance
Hi All! Happy New Year -We just discovered a property we purchased last spring (2022) had a tax lien on it that had been sold in late 2021. Notices had been going to the seller. The lien was put into foreclosure about...
Lyndal McMurphy
No heat/hot water, tenant wants a hotel
My tenant in a SFH (single mother with toddler) was contacted by the gas company saying she was using excessive gas. They sent a technician out who did a pressure test on the gas line and said there is a leak on the ...
Account Closed
What Do You Think of This Kansas City Deal?
My contact in KC offered me this deal. What do you think? 10338 Sycamore, Kansas City, MOPrice: $74,500.00Rent (gross income): $950.00/per mo.Property Mgmt Fee: $95.00/per mo.Insurance Expense: $45.00/per mo.Taxes: $6...
Uwe S.
Now I need your advice
Hello everybody,
Yesterday I found a property on craigslist Cleveland, a 8 unit (6 apt. and 2 store front) for only $95k. Building is rented out (month to month) and I can buy this house with my o...
Jay Lee
Is mobile home park investing safe? What is liability risk?
I am interested in mobile home parks. Have not bought any yet. I am curious, have you had any concerns with your personal safety buying mobile home parks? Second question was about liability. Have you had concerns or...
Michael Pazirandeh
Is it really worth setting up an LLC?
I understand why many people set up an LLC for their investment properties, but my question is simple: "Is it worth it?" I've asked several investors and they always say I MUST set up an LLC to protect myself from get...
Jami Kloet
Vacation Homes in Florida - where would invest?
We are looking to eventually purchase a vacation home in Florida. We'd like something that we can use as a STR for a few years, and escape on our own a few times a year with family. I'm curious, those of you who are f...
Adam Blachnio
Why Most Of Investors Invest Only In Local Market?
I found that investors are focused on their local market because "they know it" even if return rates are much, much lower than in other areas...If they decided to be REI, so assuming they want as high return as possib...
Jessica Soares
Challenge: $30k a month in rental profit in 5 years?
Challenge: How would you achieve a goal to make $30k a month in rental profit in 5 years?
Newbie here. I've set a goal for myself to make $30k a month in rental profit in 5 years (shoot for the moon goal fo...