John G.
Buy a condo, then sell later VERSUS rent for a year + ?
Hi all,I'm considering moving to another city for my first attempt at a fix-n-flip. I had planned on renting in this new city for at least a year during the entire process. But I've recently started thinking that it m...
Ivan Calais Coelho
Liability Insurance for House Hacking
Hello BP Family,My name is Ivan, I live in Miami, FL and am finishing setting up a studio with independent access to rent out long or mid term. I expect to charge $1,000 for it with utilities included. I was planning ...
Cory LaChance
Property Insurance for Rental Owned under LLC
So I am planning on putting my next purchased property under my LLC. I am shopping for insurance and I'm a little sticker shocked. The quotes are coming in around 3 to 4 times the price of my other properties (I have ...
Steven Barr
Thoughts on rehabbing fire damaged properties?
What do y’all think about flipping properties that have a sizeable amount of fire damage?Are there too many unknowns? Does it require pulling permits?Thanks!
Jim Truman
Insurance tips, coverage amounts
Good morning,
My wife and I recently closed on our first out of state property, a townhouse in Bedford. I'm looking for recommendations on insurance. Also some advice on reasonable coverage amounts.
For now I just w...
Rene Bee
hiring a plumber question
Hello,I am hiring a plumber and want to know what kind of documents I should ask for. Should I ask to see a copy of his license and insurance? The project is a gut rehab. Is there a standard plumber's contract I sh...
Andrew S.
How to max 401k up to exact limit?
Good morning,So far this year, I have contributed $12k to my 401k. I'd like to contribute up to the max $19,500. I'm able to change my contribution percentage up to 75%. My pretax pay is $3912 per 2 weeks or $7825 p...
David Roberts
Apartment Analysis Help!
In the midst of looking for my second SF Rental, a possible special deal fell into my lap, but I'm not sure I know how to analyze it correctly. My girlfriend's mother's friend is retiring and getting ready to put the...
Sastry Konduri
Is this a good purchase?
Hi All RE Gurus,I and my partner are trying to put an offer on a 4-unit in Ohio.Purchase Price : 230KDown payment: 57,500Repairs: 15K(All the units are currently rented. But want to add this)We want to do 15 year mort...
Tony Karns
Duplex Due Dilligence in TX
I am looking to buy a duplex in NE TX area in the next few months, due to work relocation. I would like to live almost rent free. I have done some of the preliminaries on this property, but it appears to me that I...