Jacob Shoesmith
First Rental Property: Single-Family Home vs. Duplex/Triplex/+
Hello,
Thanks in advance to all answers and help. I joined BP in high school (2014) but since college and my first job, I have slipped away in staying up-to-date. However, at 24 years old (almost 25) and likely to ...
Matthew Mclean
What financial rules do you follow when buying? Negative cash flow?
Would you consider negative cash flow for a house that will appreciate and rents will increase?
Kevin Mosier
Disappointment right before closing (inspections/roof issues)
So we're about to close on an 8-unit apartment building at $250K, no money down and seller-financed at 6%, 5-year term, 30-year amort. The plan was to fix it up, normalize rents, and refi out with a standard banknote ...
Derek Rocco
First Deal Frustration: What did I do wrong?
So here's my situation. Looking for some feedback on what I can do differently next time.I found a multi-unit in a town where I grew up. Five units total, four currently rented. Vacancy rate is low. After getting some...
Will Gaston
Nearing 1,000 College Student Tenants: Here's what I've Learned
All:I've recently spoken to a few REIA groups in my area about my business and I thought it would be a good idea to share this info in the forums.I've been investing in college student rentals for 12 years and current...
Account Closed
How to Tell If You’re Rich
I got this article from the Apartment Owners Association. I thought it was informative so I want to share with others.
IRS figures show that the top 10% of income earners make 43% of all the income and pay 7...
Chelle Knijnenburg
lease change the renter (a lawyer) wants to add about escrow
Hello all.Our future renter wants to put these two items in the contract, one is in case we put the house on the market. Note that she is a lawyer. We don't fully understand the escrow clause and how it might affect ...
Christopher Lawrence
Comfort cat. Fair housing law question.
Hello,I was wondering if any of you have had a situation like this arise. I own a college rental property with 6 students renting for a yearly lease. They came to us as a group of 6 and signed the lease without ever d...
Dan H.
Average San Diego home price is $1M
Greater association of realtors states average San Diego home price is $1M. This is an astonishing number when the median family income is $85K. San Diego home prices have seemed high for at least 40 years, but $1M ...
Andrey Y.
Does wearing a suit really do the trick?
I have been pondering this lately. I have seen that almost universally, all the apartment complex investors and syndicators on here, in their profile picture are wearing suits. I would also imagine, that when speaking...