Hello everyone, I am currently negotiating on buying a 2 unit property in my area. When I looked at both units, I asked the tenants in one of the unit on how long have they’ve been living there. They told me that the...
Hi BP!I am renting out my condo and in an effort to be competitive I priced my unit at $1850/mo. I have since received 3 really good applicants from people that I would happily rent to. Is there any way to claw back a...
I'm looking to create a property management company for STRs in the area of Texas where my cabin is, the Hill Country. I've self-managed mine remotely (4 hours away) for almost a year and a friend is asking that I ma...
I am a newbie to BP. Thank you in advance for your responses and advice.I am in process of purchasing a single family investment property in Charlotte. My credit score is an excellent and I have a great W2. I am tryin...
I have a unit listed for rent in Chicago and I've received several highly suspect or fraudulent applications. Evidence indicating fraudulent applications includes:
-mailing addresses that don't match applicant's empl...
Some of the pricing seems very optimistic on Airdna for the areas I'm looking at, compared with what I'm actually seeing on Airbnb. Do all of you experienced STR'ers find their data reliable? I'm mostly concerned with...
A client (buyer) came to me interested in a listed house in the pre-foreclosure process. The listing agent is not local and doesn't impress me as being able to get a short sale done as there are 4 trust deeds on t...
I invested 40k in a syndication 2.5 years ago. It was a 18 unit and a few triplexes. We were supposed to get our investment back at refi back in January (year 2)And then cash flow every month after that until they sol...
Hey guys, So I currently have 3 properties and I want to purchase another one but the issue is I’ve maxed out DTI. What other methods should I use to acquire another property? I’ve been thinking DSCR but don’t they t...
Hey BP family, I’m hoping to get some advice because I’ve hit a bit of a roadblock with a refinance, and I’m not sure what my next steps should be. A couple of months ago, I purchased a property using a hard money ...