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Hi Everyone!We took possession of our first rental on July 15th and we are self-managing it. We've prepared a pre-screening questionnaire with guidance from Heather & Brandon Turner's Managing Rental Properties b...
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I have been listening and reading about this “infinity banking concept” and found it really interesting. Anybody currently using this? Pros and cons?
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Just under a month ago, I closed on a 4plex in (East) Oakland, CA in the San Francisco Bay Area. It was a HomePath property that had been on the market for just over 6 months, and was able to squeeze in with a convent...
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Any questions from new investors? I'd love to answer all your questions.
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Hi BP, I'm being offered this note secured by a deed of trust for the following:Duplex:Side 1: 4x2Side 2: 2x1Sqft: 1,578Total beds 6, total baths 3Total Monthly rental income: $2,100Deal Details $290,000 Fair Market V...
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My family and I purchased a house in 2010 in Arkansas and put the original mortgage and title in my name solely. We decided to start renting it out, and all agreed to transfer the title to an LLC. The LLC was supposed...
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We just started marketing a rental in the Dallas area and one potential renter has offered us 12 months rent up front. We're thinking this is a no-brainer to take (assuming renter passes credit/background checks) but...
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When screening tenants, in addition to running a credit report, checking landlord references, and checking bad tenant databases I also try to check the applicant's social media accounts. Some people have their account...
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I have been inspired by the podcasts and insight on BP and appreciate how a LONG-TERM buy and hold approach (my niche and strategy) can lead to quite significant 'passive' income streams over time. I also understa...
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Aloha BP! So I finally closed on my first rental property on Friday, December 22 after nearly 15 months of educating myself with content from books, YouTube videos and podcasts. The property is a small multi-family...