Javier Bustos
Property management companies. Pros and Cons
Hey everyone,Getting started in REI here. Haven't bought anything yet, still doing research. Can anyone give me the story on management companies? Should I use one or not? How do they make a profit from my (future)hou...
Justin Smith
First Residential Rental
An older gentleman from church is selling off his portfolio of SFH/MFH rentals in the Belleville, IL area and offered one to me as he knows I want to get into RE Investing.Purchase price is $50,000 for a 3 bed 1 bath...
Sharad M.
Location, Location, Location vs. Numbers, Numbers, Numbers!!!!!
What would you choose - a 20% cash on cash return in a decent neighborhood or 35% cash on cash return in not the best neighborhood? Everything else being equal.
If you could also explain why you would choose one over...
Brian Beck
Rent or sell current primary residence in SF Bay Area
Hello,I hope what I'm about to write is clear. Step 1)Our 3-5 year plan move from California to Tennessee and in the meantime move back in with my mother and rent out our home (comparables rent for $3,000 and our new ...
Marcus Auerbach
Thank God I had an LLC!! - Said no one ever!?
In 15 years in the biz I have not met someone who got sued and was saved by having an LLC. Every new investor gets hung up on asset protection and there is an entire industry catering to asset protection. There must b...
Tony Wooldridge
WHY CAN'T CONTRACTORS JUST DO WHAT THEY SAY THEY WILL DO????
I first must apologize for screaming at all of you in the title but if you have any experience or can relate to the title at all you know why I am frustrated. This is nothing more than a venting session on my part an...
Scott Trench
POLL - How Did You Come to Own Your First Rental Property?
I'm interested in learning something about BiggerPockets' users, and thought that you all might be interested as well. How do investors come to own rental property? While I'm sure that many methods are used, what are ...
Hae-Yuan Chang
Subject To vs. Lease Options
Hey everybody!I am going to reach out to some landlords this week to make a few offers. I'd really like to weigh both Subject Tos and Lease Options, and how to know which is better for which situation. Some thoughts t...
Jerry Benson
Tenant threating to Sue
I'll try to keep this brief. I have a rental property in Charlotte, NC and the gas fireplace hasn't worked for awhile. While my property manager was in the process of getting an estimate, the tenant (without approva...
Harry Williams
How often do you reconcile and record expenses?
Do record expenses and organize receipts as they come in, at the end of the week or month? Currently, I am doing them in excel as they come in but this proves to eat up a lot of time, sporadically throughout the day.