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I'm interested in talking to anyone that has hired Anderson Business Advisors for help with asset protection strategies. This is the firm founded by author Clint Coons who wrote Asset Protection for Real Estate Inves...
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I own properties in the west Houston areas of Katy and Cypress. I've already been notified by one tenant that they may have trouble making the September rent payment due to not working this week at all. None of my pro...
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BP Experts, I have a question about buying non-performing first notes. This one involves family so it really hits close to home. Recently, my grandfather passed away. Losing his income means my Grandmother cannot a...
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Hello,I have been playing around with the idea of turning my home into an STR/MTR, but not sure how well it would perform. My concern is the home is large (4,500SF with 3.5 acres) and about 15 minutes out of the city...
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Hi fellow BP members. Once again I am turning to your wisdom.I am a newbie and my first rental is on market for rental right now.I received an interesting call today from a property management company who exclusively ...
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Hi folks,I have a feeling this is a strong no but I'll ask anyway. When renting out a unit, are you able to specify that a unit will only be available for 2 or 3 years? This is for an owner occupied property where the...
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Hi everyone! My husband and I just closed on our second duplex today that we plan on moving into since we purchased it with FHA. We inherited two tenants and here is our plan:
Tenant 1: We plan on asking for a renta...
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I need some advice. This all happened today and affects a Sept. 1 move in. I was scheduled to move into a house starting September 1st. When the landlord showed me the house (which is a 5 bedroom group home) he told m...
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Do most people keep a disaster plan ready to go for any type of natural disasters? Earthquakes, Hurricanes, Tornados... ETC?? How to notify your residents and plan of actions of what to do?
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Hello All,
What is your work around for your initial analysis of a property when all the expenses are not available?
For example purchase price of $324,900
Gross Income:$49200
Expenses: $8000
Net income:$41200
Cap r...