Hi, BP family
I was recently thinking about a good measure on whether it is worthwhile to convert LTR to STR. I asked around and got different answers. Some say that your STR gross income needs to be at least twice a...
List Price: $128,500
Unit 1 Rent: $800
Unit 2 Rent: $800
NOI: $$9,600 (50% Rule)
Debt Service: $9,016 (20% down @6.25% on 20 year ammo)
What would you offer on this? This property is S...
The issue of HOA Transfer Fees is a nationwide practice to be questioned.If you closed on a home in an HOA you most likely noticed a few line items that are, well, just there. Ask for an explanation of the fee and yo...
I'm a relatively new real estate investor. My question is simple. Given my current situation, is it worth it to spend the money to hire a CPA to do my taxes. I own my home and one investment property which was rented ...
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I am somewhat new to flipping. I just finished a rehab and was offered a contract but I am running into the FHA 90 day rule. My realtor told me I couldn't sign a contract within 90 days but I always thought you coul...
Flipping a 3 family...I'm worried that the appraisal won't come in...I've priced it right but it's hard to find 3 units in this shape and taking in the kind of income I'm getting...
My question is has anyone had succ...
Having coffee over the weekend with a younger investor in Atlanta, I had a question posed that could be worth discussion here. This young man is just starting out in his investing journey, turning his former primary r...
Hi all,I've been researching various RE crowdfunding sites to park some money (and gain interest) while I save up for more properties and have found nothing but dead ends. Many only allow accredited investors. Groundf...
Hi BP Community:I am about to finally purchase my first SF rental property. The investment doesn't pass the 2% or even the 1% rule (hard to find these days) but the overall performance looks better than what I have fo...