Hello,
I am looking to buy my first property and employ a buy-and-hold strategy whereby I'll rent a single-family home to tenants (cash flow positive). I am looking at homes in the $70k-$90k range in Raleigh...
Can someone give me a definitive answer on the 50% rule? I understand the concept, that your expenses should only equal 50% of your gross rent in order to get positive cashflow. But which expenses are included in th...
Hello BP family! I am looking for advice on how you got to know the ins and outs of the market you invest in. I live in Avondale, AZ and am interested in studying markets like Avondale or Goodyear (a 15 min drive away...
I never thought I'd be looking to do a vacation rental, but I think I've found a good deal. The house is in an area I often travel to get out of the big city and reset so it's a win-win for my sanity. It's a super sma...
Hello All, I'm new to the forums and am interested in owner occupying a 'plex (2-3 units most likely). Prior to discovering BP I assumed the only rules for successful renting were to not have vacancies and not to take...
I'm a former banking lawyer, and former lawyer for the FDIC closed-bank division. I can tell you, from the inside, how banks evaluate short sale offers. Since then, I've successfully negotiated many short sales to buy...
Hello,I am getting closer to pulling the trigger on our first investment home and have roughly narrowed it down to Indianapolis and Birmingham. Obviously very different spots, and buying in both areas is an option dow...
I'm new to investing in multi family units and plan to make my first purchase in a few months. I know the Schedule E is what a landlord should be filing come tax season, and I know my lender will want to see the Sched...
I am trying something new by starting a thread on a single Patch of Land loan for discussion and information sharing between investors. This thread is to be focused on "Atlanta Luxury Property Rehab" in Atlanta, Geor...
Title says it all... this is in my personal residence but I’ve found BP to be a more credible source for answers than searching the web.
After 2 or 3 showers the water gets cool/lukewarm, not freezing and will stay t...