Ashley Wolfe
Short term rental 4 hours away, How to manage?
My husband and I are about to purchase a log cabin in the Austin, TX area that has been in my family since it was built in 2005. We are four hours away in the DFW area. We have two options as I see it (since I want ...
David Carl Lindahl
Landlord vs. Property Manager: The Myths and the Truth
Landlord and property manager: I’ve been there
When I’m in need of some amusement, I’ll occasionally browse through real estate investing forums to see what’s being discussed. I often will leave with a sort of pitifu...
Raisa Penney
Hello from Medford, MA!
Hello! I'm a new member to the BP community based in Medford, MA. I stumbled upon BP while doing some research on a potential next investment opportunity for my husband and I. We currently own two multi-families, one ...
Peggy Liu
Legal or illegal request from underwriter?
Hi BPs!I need your feedback on this. So I've applied for a mortgage loan. The investment property is in Illinois, a 3/2 house. It appears that I've passed all the requirements from the underwriter except for one th...
Account Closed
What do you offer as Ernest money on foreclosures ??
We have been buying foreclosures off the MLS. are offers are cash purchases no inspections and our agent has been suggesting EM of 10% of the offer price. My issue is that some of these transitions are taking up to 6 ...
Aaron Roggensack
Mom & Son buy rental properties, need business structure advice
In recent years my Mom (59) and I (36) have been partnering together to make our first moves into real estate investing. In this arrangement she is essentially a silent investor and I manage the properties. To date th...
Sam Leon
Ceiling Fans Dilemma In Rentals
Being in South Florida where it's summer 11.5 months of the year it's nice to have ceiling fans to circulate the air in a rental and renters see it as a "plus" although I don't think it's a show stopper.My rentals are...
Account Closed
What are you doing with rental income?
Hi Readers,
Question for anyone who is currently receiving rental income - what are you doing with that money?
I have a multi-family property in NYC where I am cash flowing anywhere from $300-900 a month depen...
Sam Dalton
Rent Payment Processing Time
Is there anyway to get rent money same day? If my tenant pays on the 1st of each month, I do not get the money till a week later because of banking processes taking 5 business days. Then I am late for my payment. What...
M F.
How long would you be willing to hold a place for the right tenant?
I am renting out my home for only the third time. My last tenant went into arrears and didn't pay their last 3 months of rent. I want to get the home ready for rental May 1st, but there is still a lot of work to be ...