Hi BP,How do you property managers handle renter's insurance? Do you manage the policy and charge the tenant? Do you just put in a clause for it and hope for the best after the first verification? What are my optio...
I'm curious to hear your opinions on 15 vs. 30 yr loans. Which do you prefer and why? Obviously cashflow is less on a 15 year loan in the short term, but you save so much on interest...can it be justified?
Hi all-
I'm looking into purchasing mobile home parks here in South Carolina. How does one analyze these? Do you treat it as a commercial property and base things off gross and net operating income?
Thanks in ad...
Hi,
Is there a rule of thumb for operating expense ratio for retail (non NNN) properties? What if the owner is only responsible for roof and structure? Is there an "average" estimated vacancy loss that you use to e...
I just recently stumbled upon the FIRE community and BiggerPockets. Seems to me that many people who have achieved FIRE got there by maxing out their tax advantaged retirement accounts and then use the 4% rule to liv...
Hello,
I am thinking about renting a 3/2 1500sq ft home to a family of 6. Four kids ages from 7-12 and two adults. That's two people per room. Is that considered wise to do? Is that full occupancy or more than recomme...
I live/work in Los Angeles, CA and want to purchase a SFR investment property in the Inland Empire (1-2 miles east of LA). This is my first home purchase and I'm having trouble qualifying for a conventional loan with ...
I own and manage a single-family home and a 4 plex in Metro Detroit. I own the 4 plex 50/50 with my parents and it's starting to become tedious trying to track who's putting what into the property as far as expenses a...
Everyone is always talking about the pros and cons your realtor's license, but what about those of getting your General Contractor License (GC)? Especially those who make a living off of flipping and / or building hou...
Hello everyone, this is my first post to BP, after reading about 5 hours a day for the past few weeks on every article/blog/webinar/forum post I can.
My immediate concern and reason for this post is: Should I...