Stephen Lynch
Cash out refi or deploy existing cash
I currently own 5 properties (4 yearly rentals and 1 primary home that I occasionally convert to a STR in the summers). My first property was purchased for 439k and is now valued approximately 575k. I'm considering ta...
Account Closed
Chicago section 8 Triplex deal? $189k - $43k gross
Hi guys,
I'm looking at a deal in Chicago. It is a newer triplex (2008) at 1344 S. Karlov Ave in Chicago. The one caveat is that these are all section 8 tenants, which I have never done before. I know some pe...
Alessandro Zamai
How does this deal look?
Hey Folks,I've been a long time lurker here on BP and happy to share details on potentially my first Buy and Hold property. Really excited to get your feedback on this deal. Thanks in advance!Quick background:My paren...
Jonathan Farber
To show rental profits on taxes or not?
Do most landlords show losses on their rentals? Reason asking I am looking for another loan, and while the rental losses I showed in 2017 are minor, they are hurting my lending ability. Granted, it was nice to recei...
Marc Cass
Selling my SFR or Continue Renting
Hi y'all, this is my first BP post and is kind of a two-part question (i.e. sell vs rent and selling without RE agent). I'm trying to gauge what the BP community thinks regarding a sell vs rent scenario. I currently...
Sylvia B.
Decisions, decisions . . .
We're considering purchasing a SFR for a rental and trying to decide about rehab, so I thought maybe talking it through on here would help. We told ourselves that we weren't going to buy any more houses until next yea...
Glen Holmen
Buyer offers 208k and appraisal lands at 195k. Now what?
Hi. I’m flipping a 3/2 starter in Albuquerque, NM and we listed for sale at 189k, got 9 offers (all FHA and all above list) on the first weekend showing, and accepted the high offer at 208k. Now, a month along, the pu...
Eric Hildebrand
Analysis help please!?
Hi everyone -I wanted to see if you could help review this analysis. A quick shout out to @Ryan Sanders for the use of his tool (I love it and can't wait to use your updated version).So, the attached property is for ...
Weis Sherdel
Basic Appliances with Turnkey Properties
Dear BP Community - Do you know if it is standard for a turnkey property to come with a refrigerator, garbage disposal, washer, and dryer by the seller? If not, are these typically bought by the Buyer (me) or the tena...
Jeannie Kenes
Do property managers charge you to see your homes?
We have properties in Memphis and live out of state. We’re traveling this week to Memphis and have requested that we see our properties. We try to do this every year and have never had a problem. Our property manager ...