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Hi, I'm fairly new to the BP. I'm looking to generate some passive income, but prices are just too crazy in Los Angeles. I'm looking out of state and have some family connections in MI and PA that might make those a...
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Is there a resource on BP with a list of all the expenses a multi-family owner can expect? Taxes, all the different insurance types, maintenance, etc... I have what I think to be at least 95% of the expenses covered, ...
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Hi Everyone, I'm about to start a full rehab on a small rambler. One part of the house I'm unsure of what to do with is this cracked back patio. I know concrete over concrete is a bad idea, but with the low clearance ...
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We are under contract for an out of state turnkey rental. Trying to gather insurance quotes.What advice could you offer?What should I be looking for? What should I add/leave out?What deductible would be best?Should I ...
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Hey everyone, as the title states I am looking to get started in real estate. I have been doing the research and now I need to get my feet wet. I am currently in Southern CA which is a great market, but is tougher tow...
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Hi Everyone, My wife and I live in Texas in the DFW area. We are looking at purchasing our first home that we plan on turning into a rental property eventually. The house has had foundation repairs a couple years ago,...
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I’m just getting started with my first two long-term rentals in the Austin Texas area. I live in California and have been told I should have asset protection for my homes. Currently they are all in my name.Does anyone...
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Hi everyone. I am in the process of closing on my first out of state (Tennessee) rental property. (Sept 8 is expected closing date) I have a few questions. I am doing my research on setting up an LLC and one thing I...
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My grandparents left their home in Northridge, CA to my mom and her two sisters. My aunts cannot afford to put any money into the property, and it is in desperate need of repair and update. It survived the Northridge ...
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I've got a leaking water heater in my 4plex, and the other 3 are 20 to 25 years old.
I'm tempted to replace them all.
Thoughts?
Thank you,
Arnie