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Hello BP community,
I’m helping orchestrate converting my parents rental property into a duplex and would like some insight since this is the first time attempting this.
Background: The house is in a smaller town...
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Looking to buy a duplex or fourplex in the midwest. When I do the analysis I assume approx 5% vacancy, 8-10% in capital reserve, and another 8-10% in property management. With 25% down the numbers begin to get very ti...
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Hello all! First ever post!TL;DR First house hack, inherited tenant has the most adorable kind pit bull and a cat. Weighing out options as I get nearer to close.I apologize for the big post. I just bought my first dup...
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So, I was originally thinking of selling the home and downsizing to a smaller home. We have reasonable equity which could be used to pay down the next home. The issue was location. We're so used to this and anywhere e...
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Hey BP,I’m 3 months into renting out my first property. I rent out by the rooms and charge a flat monthly fee while I take care of utilities. The PG&E bill has been over $400 and PG&E said its mainly the heate...
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Hello everyone - hoping some of you with experience investing in small towns might be able to weigh in here and provide some guidance. I moved to a town of 3,000 people in Nebraska about three and half years ago. On...
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Hello everyone I am looking to purchase my first rental property and I have analyzed many deals. What rules are you guys using to measure if the deal is a winner or not? I have been trying to use 1% rule and 50% rule,...
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We own a Townhouse that we've rented to the same tenant for the last ten years. Now they're moving on and we need to do some maintenance but can't afford to to do so. Any ideas on some strategies we can use to raise...
Let me begin by introducing myself... I am about to start my final year at Clemson University as a Financial Management major and a minor in Accounting. Real estate has always interested me but it wasn't until my ta...
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I'll be closing on a duplex in a week and will be getting 2 tenants that come with the purchase. I plan on non-renewing them both. They are on M2M leases right now and I have plans to renovate one unit and I have tena...