Alexander Lang
Tenant screening - Income = 3X rent
Hi BP Fam!So the rule of thumb I hear is to have the tenants gross income equal or greater than three times the rent rate. Just to clarify, If I have a boyfriend and girlfriend, sisters, friends, whomever renting my u...
Nick Hulme
Multi-Family Investment Mentor Recommendations
I have a friend who used one of Brad Sumrok's courses to get started investing in apartments. She gave it high reviews because he not only teaches smart investment techniques, but connects you to a large network of ot...
Harsh R.
New Member from Los Angles, CA
Hi All!I've been a silent BP podcast listener and forum reader for the longest time - finally decided to pull the trigger when I qualified for a loan for my first SFR investment property earlier this week.I'm a 26-yea...
Emily Register
BRRRR Reality Check for a Newbie
Hi All! I have 2 rental properties that I purchased this summer (yay!), neither of them were BRRRRs. Just getting my feet wet in real estate. Now I am shifting to targeting a good BRRRR property. I am in need of some ...
Todd N.
Decide to Pay off property
Hello,
I’m looking for advice, here is the scenario; I have 8 property’s owing xx amount. If I sell 1 property, I can pay off the others and be debt free, this includes my current residence. If I do this I will have...
Josh Norris
$10K Really?
Hey All,Just wanted to get some thoughts on what my architect is charging for the design and management of a major remodel. The house is down to the studs and I have been working with an architect that came highly re...
Patrick Senas
Help Finding First Tenant
I have my first property purchase underway. I close on a duplex in a college neighborhood in San Diego. Both units are 1 bed / 1 bath and I secured it using a VA loan. The closing date is 8/16.
I wanted to get the ...
James Cerasoli
Is my property manager taking advantage of me?
Hey all,I purchased my first rental property May of last year that is a 3-unit student rental. I found a property manager through the attorney I worked with in the area who claimed he uses him on his own properties an...
Jeremy Rhodes
Underwhelmed with tax breaks of owning investment property
I am doing my taxes myself via turbo tax and I must say I am underwhelmed with the tax breaks I am getting for owning a rental. My wife and I have strong W2 earnings at about 250k combined and it doesn’t appear that a...
Jake Ernst
Agent Dumped Me, Change Direction?
I have been working with a well known local real estate agent since the end of July and today he called to let me know that he can no longer go forward working with me as he has other clients and obligations. This doe...