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Feedback on First RE Investment
Requesting feedback or constructive criticism on my first RE investment. I bought two properties in OKC last year. I have a property manager that charges 8%.
The first was $110,000 3/2/2. Rents for $995 with $787 ...
Laura Smith
LLC? Tax advantages? Write offs?
So I understand that having an LLC is beneficial but I have no idea where to start learning about the benefits and how it works. Any suggestions on business finance books or online classes (preferably free) so I can s...
Mr Good
How am I doing?Bought a fixer, fixed her, found first tenant
Hello, I love this forum and the sage advice. I'll try to be short and to the point.
Purchased for $310k, 3400 sq ft beautiful brick home with separate entry/laundry/kitchens. It was a bank REO. Upper level has wo...
Dustin Wise
Short Sales and MLS Status
There seems to be 2 schools of thought when it comes to short sales as it pertains to the MLS Status (Active, Backup, Pending, Closed). Specifically when the listing agent receives an offer on a short sale. However, I...
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Need some advice...
Here is my situation.
I purchased a new home in Aug 06 and like many people who try to keep up with the Jones' I chose a house that I could "afford" but just barely. Now a year + later, I'm in a position to where th...
David Schwartz
Don't Flush: 3 Ways to Your Profits From Going Down the Drain
As it relates to residential water usage, it’s better to save more by flushing less.Case in point: Demand has wiped out the low-flush toilet supply in Boulder County, Colorado, the nonprofit Center for ReSource Conser...
Joel Strehl
College student/aspiring real estate investor seeking guidance
Hello BP community,For starters, I'm extremely new to the world of real estate. Currently I'm in the process of reading books/forum discussion posts, so any book recommendations or suggestions on particularly helpful...
David Jay
When will they bail out the landlord
So basically what is happening now economically is that the government is printing money and handing it out. Some of it strategically and some of it not so much. 50 percent of the unemployed workforce are currently ea...
Gerardo Dominguez
Increasing Rents without losing tenants
Hello BP'ers! I need your advice. I have a tenant whose lease is expiring soon. So far she's been a great tenant so I don't want to lose her. However, I also want to increase the rent to get it closer to market ra...
Amaf J.
MFH analysis - what do you think?
Evening everyone,I've been searching recently for a MFH property with at least 4 units. I found one while browsing the net. I contacted the realtor and he provided me with some details and a financial breakdown. Prope...