Christopher O'Brien
Is renting out individual rooms possible / a good idea?
Hi everyone! I plan on living in Plano, TX for a W-2 job, and I am eager to buy a property in the city. I have been considering trying to leverage an FHA loan; however, there are not many affordable duplexes in the ar...
Brett D.
Newbie's second offer in Santa Clarita (Los Angeles), CA
2 bed 2 bath, 1020 sq ft, built 1987$355,000 offer ($365,000 asking)$30,000 to make rent ready (includes $3500 two months holding costs)$1141 mortgage (25% down at 3.125% for 30 years)$381 taxes$75 insurance$150 HOA$1...
Caryn Zallnick
Can you use Brrrr to finance Air BnB?
I am just curious if anyone thinks that the BRRRR strategy would work with Air BnB? I know that to refinance into a bank loan you would need to show projected income on the property. Would this work similar with a sho...
Tory Sheffer
Cost Segregation Study for Taxes
We just completed taxes for 2020 and with cost segregation study for one property we were able to write off $640k in depreciation for 2020. We paid $1.97M for this property and closed in 4th Qtr 2020. With our structu...
Tammy Mason
Replaced Refrigerator by tenant without notice
My tenants sent me the following message. There was no previous messaging of any problems; they informed me of replacing and discarding the previous unit all in one message. Then expect me to pay for the new unit. The...
Kyle Godbout
Would you acquire properties with full leverage, and zero down??
Hi there.I'm just wanting to know if this is something that other investors might pursue. I have been using the BRRRR method this year with good success so far. Once refinanced, I have at least 20% equity in my 3 prop...
Jonathan Beemer
Can you make the tenants pay?
Hi BP!
So I have seen so many people discuss the fact that as a landlord you have to pay for your units if the something breaks.
You get a call in the middle of the night and you have to get it fixed.
That sounds m...
Account Closed
14 Reasons You Must Consider Owning Rental Properties in 2017
I was a 24-year old MBA grad know-it-all. I had life perfectly figured out and I certainly knew everything about investments. Working in the finance industry for a large multi-national firm, I often worked with high n...
Justin Young
Use TSP for first home, any penalty to rent after one year?
Currently, my wife, our 3 children and I live with her parents. We sat down with our RE agent for the first time yesterday to discuss our goals with REI. Our plan is to finance our first home with at least a 20% DP, f...
Kellen Driscoll
Is this mobile home park deal a good deal?
Hey BP,I have a deal under contract in Florida and I am considering the due diligence that I have found so far. The park is on well and septic systems. 1 well and 7 septic systems which have new components as of 2014....