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So my plan is to buy an hold. This is a short sale property and the numbers are below:
List Price: $55k
Taxes: ~$350/month
Median Rent: $1400 (rentometer)
HOA fee: 190/month
From the ...
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I purchased a duplex last month with 1 tenant in place. She wants to move out, which I approved and let her know that she would lose her deposit. She had paid her last months rent up front so now she would like tha...
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Write your postI'm looking to do business with a hard money lender. I found them on the internet they told me they need $250 to find out about my finances before they lend me any money. Is this normal practice?
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Investment Info:
Single-family residence buy & hold investment.
Purchase price: $170,000
Cash invested: $27,000
My first single family rental property. Got lucky with a small $80/month HOA fee wh...
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Hello BP,
I am a new landlord with my first property. I just put a lot of my own money into the property to get it rent ready. I am having difficulties renting it out in the winter. I have had the property on multip...
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I have a condo u/c in Aurora, Colorado with an ARV of 160k. The area is clean and condos are in decent shape as are grounds. This is a low middle class area and not dangerous. There are quite a few HOA delinquents ...
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What are some things that you wish you would have known when you first got started? My favorite thing to drill into any new landlord is to always have enough reserves for at least 1 cap-ex expense. It seems like commo...
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Hi BP community!
After doing more research on my initial intention to find a property in Austin TX, I've decided to refocus on where I currently live: the San Francisco Bay Area.
Life happened and I now find myself...
Hello BP. I hope that you all are safe during this pandemic. Why is there such a negative stigma regarding home warranties. I have had several instances where major units were affected and repaired for the $100 assess...
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I live in a townhouse association. There are 14 homes. We do not own the land we sit on so we are classified as a condominium. Because we don't own the land we sit on, we have to have one insurance policy that cove...