Today we entered into a contract to buy a 3 bed 2 bath House in Kansas City Mo for $145k. The house will rent for $1500 to $1700 per month.I’m teaching my daughter how to create a monthly budget and will set up a sepa...
I thought it would be nice to have a collecting point for day to day money/time savers for rentals. Some things I do or have seen on the forum so far:
Remove storm doors.
Advertise rentals on craigslist
Remove or lo...
What were the first 5 steps you took to get started on your real estate investing venture?
Greetings all, I am in a unique situation and I am not exactly sure how to proceed with it. Here is the story. I sold a flip house approximately a little over a month ago. The house was sold FSBO with no agent on the...
Hey guys I have been listening to a lot of podcasts and many of them talk about frugality and saving money or being cheap. I was always raised to believe that being cheap is expensive, sure you may save money right no...
I heard on BP Podcasts multiple times- especially from Co-host @Brandon Turner that he bought a house as soon as his daughter was born, he bought a multi-family property for a 15 year note so that when his daughter wa...
Hello to all. I am new to RE and am interested in wholesaling to begin with. I have been reading Than Merrill's new book "The wholesaling bible". In the book he stresses the need to learn to evaluate properties qui...
Picked up this house in Redford Mi on a bankruptcy deal for $58k. Redford is 15 min west of Detroit. Decent area where homes sell for ARV of around 80-150k depending on size/location. Redford is in the Livonia/Westlan...
Looking at a duplex listed for $106k to BRRRR. We think it could maybe appraise around $130k ARV. It’s in a B neighborhood. They have 90’s oak cabinets with off-white Formica countertops. One thought is we don’t want ...
I have a question for any members that have a good amount of experience with property managers. I apologize for the length of the post.
I currently own a property in another state and have a property manager who man...