I posted our first property for rent on Facebook marketplace and have received over 35 Facebook messages inquiring about availability and showings. I used Rentometer and Zillow’s rent estimate to determine my rent, bu...
My husband and I are trying to learn more about our local market with respect to small and medium multifamily properties. Would anyone be able to shed some light on the following questions:1. What is local market CA...
Hi my BP family!My Rental strategy going forward is to rent strictly to section 8 tenants. I do mention that section 8 tenants are welcomed on my rental listings but my question is, can I mention something like “Secti...
Right, so my folks and I have basically finished repairing a 1920's duplex in the neighborhood of Belmont. I've moved into one side and am loving the area but I need to rent the other side soon to actually start havin...
Hi all,I’ve spoken to multiple lenders in the greater Atlanta area who require 25% down for an out-of-state investment property. Seems pretty standard for the area, but does anyone work with any banks/credit unions ar...
Hi BP -I've been considering MHP's for a couple of years now. I came across a park in GA and the off the top numbers are as follows. Asking is $1,295,000. All city utilities. 41 pads. 35 occupied. Avg lot rent is $537...
Hello All,We just finished the reno on our first BRRRR project. I've been approached by a housing specialist asking if we would be interested in renting the place out for 6 months for a higher rent. Naturally I want t...
A prospective tenant, who is a personal friend of my previous tenant is interested in the unit. They submitted an application, but they don’t even make twice the amount of income as the rent. They stated that they w...
Investment Info:
Single-family residence other investment in Chesapeake.
Purchase price: $75,000
Cash invested: $10,000
Sale price: $135,000
First home purchased 1k square foot 2 bed 1 bath singl...
Hi, and thanks in advanced for your advice. We moved 4 years ago to a new home and kept our previous home as a rental. It has been rented out the past (4) years and has good equity. I would like to get cash out, but u...