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Replacement reserves are funds that are set aside from a property’s operating cash flow to fund future capital expenditures. Normal wear n tear or repairs.How much should one set aside or budget for replacement reser...
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Leasing my first long term rental. Tenant has asked if I can charge their American Express for the security deposit amount. The only potential issue I see with this is that they could potentially do a charge back at t...
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Hi from Ontario,I am currently looking into buying a house and renting it out to students. I did some insurance shopping and it seems if I want to have a standard insurance + liability in case something happens to a t...
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Hey everyone I'm near the lincoln Nebraska area, probably like all of you I can't get enough of learning real-estate and learning from anyone who can point me in the right direction.. I'd love to go to coffee or meet ...
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This is a hypothetical question - I am trying to sort out different strategies!The scenario:I have almost no cash, but I am able to put a property 'under contract' for $1000 (must be cash, non refundable). The price i...
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I’m so, so close to putting an offer on a duplex that just came on the market in my area and just want some advice. Some background: I got my real estate license at the end of 2016 but had a baby last year so didn’t d...
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I am planning on changing out shower heads in all my rental units where I pay water. Just wondering if anyone has used or can recommend any low flow shower heads and if you could see a difference in the water bill.
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Hello BP!I am currently working on improving my ability to analyze prospective deals. I've been through the Ultimate Beginners Guide here on BP and it explained a lot! Also reading through the forums and blogs has pro...
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I am looking for advice from anyone who has done this or something very similar. All tips appreciated!I recently purchased a 4 bd 2 bath house in Arizona with the intention to create cash flow. The going rate for a si...
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Hello BP!I am working on getting a property under contract that I plan to wholesale. I have finance and some real estate investing experience, but no construction or GC experience.In the process, I met a General Contr...