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I closed on my 3rd rental property in April. This was a marginal deal, cash flowing about $330/mo before maintenance and capex, managing myself. I put 25% down and used interest only credit lines for the DP. Since I b...
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Hi All,
A few questions...
1. Does Virginia Residential Landlord Tenant Act Apply to Landlords that own fewer than 5 properties? I saw some older articles that said small landlords are not subject to the Act, but I...
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Hey everyone,My grandma currently lives in Van Nuys, CA and is in need of additional cash flow. Due to the recent law and due to the extra space in her backyard, I want to build a Duplex (2 2-1's) in order to help wit...
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So quick backstory about me.. I have 2 rental properties on Long Island, NY and they're both located in the same town.
Property #1
-Legal 2-family duplex (2 units)
-Does not need to be owner-occupied since it’s a l...
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Good morning Biggerpockets,I am interested in targeting properties in TX. It was recommended that I source properties that are in pre-foreclosure tax sales and probate. This is all new to me. Does anyone have any a...
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Curious if any one out there has a CCIM Designation. Wondering if it is something worth pursuing as a flipper and long-term rental investor? Being somewhat experienced with buying/analyzing properties.
have started seeing more and more landlords in socal suburbs actually declaring in ads that they prefer or give 'priority' to sec 8 applicants.considering sec 8 is a 'program' providing an need-based housing voucher d...
Hi,
I will soon close one small investment house in west of Massachusetts (Newton). Can anyone share experience how to find a good rental agent to rent out the house quickly? Thanks in advance.
Cathy
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There are some companies that allow HELOCs on investment properties. Likewise, a primary residence with a HELOC on it can become an investment property in the eyes of IRS if the owner did not reside in it for long eno...
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Hi, Fellow BPersWe recently acquired a 20-unit beachfront motel that is 7 hours of drive from us. Since the current on-site manager and cleaners (they are lovers) burned out and decided to leave upon closing, we are p...