Hey everyone! I'm looking to purchase my first SFR to turn into a rental. I've found a property that I feel could be a great rental. Right now it's a 2bd and 1bt with 1015 sq ft. With an addition I believe it could be...
I'm trying to price the rents for my apartment building right now. It is on a busy street, but the lot is long and skinny so the units closer to the back of the lot are quiet while the front unit is very noisy. All my...
Looking to build a 5 plex new construction. Total all in cost I am estimating to be about $1.1M. Need help figuring out Principal, Interest, and Tax breakouts for my budget. I already have an insurance quote. Also, a...
I have a 4 BR / 2 BTH home rented in Dallas,Texas for last 2months. My Tenant’s mother-in-law is selling her home and requesting her to TEMP stay (For a month or two) at my rented home’s guest room. Currently, There i...
Do you find a demand for one bedrooms? We just bought a duplex, one side is a one bedroom it could easily be a two. What are your thoughts on one bedrooms?
I might turn my current residence into a rental property and move elsewhere. On average, 3/2 homes in my area rent for ~$700 more in my area than 2/1 homes. My current residence is a 2/1. I figure if I can add on a be...
Hello fellow REI’s! Why do Hard Money lenders require an LLC? I understand it protects them from other issues with the borrower like personal liabilities and other properties being tied together if one should fail. Is...
For those of you who allow pets in your rentals, any recommendations on specifics to include in lease (ie: keeping yard clean, no noise complaint from barking dog, etc)? And would you recommend non-refundable pet fee ...
Noticed that there's a tenant that has 3 families living in the property. Their lease expires in Feb. 24.. Due to the market "cooling down" in the next few months, should I just wait for the lease to expire?
My question is can you decommission one unit of a five unit building in order to secure conventional financing? To me the obvious answer would be no, but I only ask this because I thought I remember reading a post abo...