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Hi BP friends,I'm looking at acquiring a property for use as a short term rental (STR) and I want to know what the typical expense ratio is for a STR. I know the benchmark for multifamily is ~30%, but I haven't found ...
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Many people can become financially secure with a high paying job and good financial literacy, but it is very difficult to become financially free without leveraging systems through business ownership. I don’t mean liv...
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Hi guys,We own a couple of smaller properties (up to 32 units) that don't need on-site staffing but started to underwrite more significant assets.We wonder what the minimum property size that would require staff on pa...
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It seems these days people are running around like headless chickens in a panic mood. The housing market is crashing, and the economy is collapsing, the world is gonna end!Then there are those on all kinds of platform...
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I'm looking to replace 12 older air-conditioning units that are through the wall models. My HVAC guy is telling me that I cannot use conventional wall unit air conditioners and the one that he is proposing will cost...
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So I am an economics teacher but the true intricacies of real estate are relatively new to me. I have a friend who has been borrowing money, investing in real estate multi families and apartments etc, and seemingly ma...
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Hello BP community.I currently make 125 k a year and I own 1 property that is performing well as an STR.I dont have the upfront cash to purchase another for a down payment but my parents are interested in financing my...
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Hello,I have a rental property in NJ where majority of the mortgage is paid back and about $35K is pending on a $550K house. The problem I have is that I took a 7 year ARM at 3.5% interest which expired last year. The...
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I received quotes from contractors to remodel a home in Miami (Angie.com); the contractor that I want to work with is asking for 25% when signing the contract and 25% at the start date. The other 25% when 75% of the j...
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I have a dilema and felt like this was the best place to turn for advice please do not disappoint!I am currently a teacher making around 30,000 a year on salary. My credit score is fairly low but not terrible... Anyw...