Bryan Richard
Strategies for Tapping Equity in MHPs
We purchased three smaller parks last year for roughly $425K. We put a ton of work into maximizing the upside and improving the distressed properties and have managed to get annual NOI up to $90K. At a conservative 12...
Mary E. Taylor
Sale or increase rent?
So 8 years ago I purchased my first rental property it is now paid off but renter is only paying $350 per month he is a family friends dad who only draws ssi however this family friend is a millionaire. So rent and sa...
Amir K.
Security deposit account
Hi,
Soon to be first time landlord here
I’m asking for a 1 month security deposit but I’m not sure where exactly do I need to put this money. I searched the forums, some answers said “savings account”, some said I c...
Alberto Solis
DST 1031 Exchanges seem primed for Sponsor success while minimizing Investor security
I have been toiling over investing in DST 1031 Exchange vs cashing out by paying capital gains. I have read many DST PPM's and have come to conclusion the Sponsors are the only one that can reliably profit from these ...
Greg Grisez
Tenant shot & in the hospital
How do you handle this one? Served a 3 day notice this past Monday. Got a call from the tenants mother on Tuesday morning - she said her son (my tenant) was shot nine times this past Saturday & is in intensive c...
Derek Caffe
Should You Ever Pay Above Market For A Cash Flowing Property?
I'm conflicted BP. There's a legal triplex I'm looking at that would cash flow with my financing, market rents and expenses, BUT it's priced at or above market with at least $25K in renovations conservatively. I just ...
Fred Shandler
Help understanding using equity to obtain more props
I know this is a very amateur question, but I don't understand how exactly equity is actually used in (or helps in) obtaining more properties.
For example, investors typically buy at 70% of market value, less repairs...
Brandon Gentile
Four-plex help in Michigan
Hello BP Community!
I have a multi-family (4-unit) property that my parents and I are looking to acquire in Michigan (Northern metro Detroit). It is an interesting piece and I would LOVE to get some feedback ...
Kyle Pockat
How to buy in a seller's market??
Hello all!First time BP post here! I've recently relocated (somewhat temporarily) to Chicago but had been investing in the Green Bay area since 2012, focusing on buy and hold SFRs. The reason for my post today is not ...
Tom Bjork
The Obama Effect
Currently, Obama's financial advisors have stated that the high end tax bracket will go up to 39+%. Does anyone think this high end tax bracket might go up to 50%+ or more?