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We just bought a foreclosure and had three roofing companies give us a quote. We went with one and asked if they were licensed and insured. He said yes and showed us proof of his insurance. He is almost done with t...
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I have an interesting question. It relates to the questions many people who have asked this question:Pay off existing debt vs. using that money to invest....it's a popular question.What about a twist on that questio...
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Hi BP,I JUST BOUGHT A 10 UNIT APARTMENT BUILDING!! NOW WHAT DO I DO TO TRANSITION?? I am closing on my biggest property yet (10 units) on October 15th. I am uncertain as to the exact steps to follow when you transit...
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I’ve owned a duplex in upstate NY for about 5 years. I’ve had several great tenants over the years but most recently I’ve had complaints from the neighbors and second floor tenants (before they moved out last month) a...
1. The guide says shoot for 2% of purchase price for rents, assuming that wont fly in Austin ? Also says for flips use the 70% rule and ive been presented a few deals now that are not close to the 70% ARV after purcha...
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I would love to hear any horror stories about this? I have a friend that routinely does this, he has been busted by the bank one time, they only gave him a slap on the wrist and told him to halt all work. I keep telli...
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Hi Bpers, hope we're all safe amidst Covid-19.This is really a rant as while I understand that landlords including myself are running a business and not a charity, I feel frustrated based on my current situation.So, c...
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There is a number of aspects to learn when wholesaling. It’s not just about finding a house at a discount and selling and making money.
With all the information out there and an entire forum dedicated to it I am ...
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After a couple of bad renters I've finally decided to sell the first house I bought. It doesn't fit my investment strategy and was not originally purchased with the intent to rent it. That being said, I'm a littl...
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What’s the best thing you’ve done for a tenant? Did it cost you anything? Are you happy you did it?