Good evening all,I've been a member of the site for a good amount of time now and have just kind of "paid attention" to a lot of the discussion on here. I am planning to start up an LLC and start investing in rentals ...
We're going on 3 properties, and I'm wondering where others store their reserves for their rental properties? My general rule of thumb was 6 months of PITI, which I have in a savings account. As we go to 3 properties,...
For me, I have been a lurker on BP for about 4 months now. I've been reading every book I can get my hands on and burning through podcasts. I knew when I first got on the site, I would be moving across the country wit...
I have a couple applicants that are married with a newborn baby. She plans on staying home with the baby. They both have mid 700's on the smartmove application, which I think is really good. They both are college educ...
We're learning the importance of reserve funds right now and in the coming months. In terms of months (I don't need to know your exact dollar amount) how much do you have in reserves?I'm talking every expense for your...
Recently I've heard (or seen) some real estate guys preach and preach and preach about how keeping mortgage debt is good because you don't lose the mortgage interest deduction. This is very misleading to a new invest...
Hi all. Got a fuzzy question i cant seem to get clarity on. I own an investment property that i have a primary mortgage on. I also recently got a heloc on the property but havent drawn down on it. I am considering a 1...
It's been five months or so since I've joined this website and have been relatively absent from the forums, not because I decided REI wasn't for me, but rather because I have been busy doing deals! To set the stage, h...
Has anyone bought performing notes from JW Warr's American Note Warehouse web site? Please share your opinions.