James Park
MySmartMove's Credit Rating?I just turned down a 790 w/ eviction
I have two of my personal higher end rental properties listed for lease for $1850/month. I encountered a unique situation where the credit score came out as 790 but there was a recent eviction record that took place ...
Matt Kowske
Doing turnovers -- whats "standard" for property management?
Hi all,We are going through some challenges with our property management company and wanted to get some opinions on how turnovers are generally done. It is their policy that they wait until the tenant has moved out, t...
Lucky Oldham
Own Home Project - GC’ing for first time
I guess there is always a first time for everything. Though remodeling is not new for me but I have always been the person who had companies come into my house, quote the project, the selected one will do the work and...
Will G.
What happens to cap rates as interest rates rise?
Hey pocketeers,We are at historic low cap rates, do they go up as interest rates rise?
Karen M.
How long did it take (generally) to get your first rental going?
Hi Everybody,I have found a very intriguing property (so far) and plan to go see it. If it is "the one", "the first one"…. or, if I have to look at 100 before I find the one, eventually I will have "the first one".Ho...
Samuel Kimani
Gutted Houses
Does anyone have any experience buying and then gutting houses to resell them to investors? Does this sound like an incentive to any of yall, being that all the systems are gone, and time spent on the property will b...
Kyle Burkhardt
Repair after repair after repair
Hi BP members,My business partner and I, @Sean Edward O'Brien, recently purchased a buy and hold duplex in Kansas City, MO. The cash flow is "great" and the property easily satisfies the ever-so-important 1% rule. W...
Matthew Karmazyn
LLC Operating Agreement Strength
I just purchased an LLC from Inc Authority. The guy is now trying to get me to pay for an operating agreement. I was planning on just finding some basic one online sine I don’t plan to have anyone else on this LLC eve...
Marc Delgado
Outsourcing Accounting/Bookkeeping duties
Greetings everyone,My boss and I have a small business that we're trying to get off the ground and we're looking into outsourcing some or all of our accounting/bookkeeping duties. We've heard offhand both on this web...
Ryan Pemberton
Has anyone heard of a 26% rule on making an offer?
Has anyone every heard of analyzing a rental property by taking 26% (or 74% of the monthly rent) off the monthly rent and multiplying by 60 months to come up with an offer price?Ex: $500/mo rent x 74%$370 x 60 = $22,...