Jerryll Noorden
YAY, I bought my first "buy and hold"!
So I bought my first buy and hold for 5K. Repairs needed.. if I do it cleverly, about 10K.the rent there is 900- 1200 per month.But of course there is also a bad.It is in a not-so-good area and the house needs work. B...
Anne H.
First Rental- Should we set up an LLC?
Hello,
We are buying our first rental property in MN and are feeling a bit overwhelmed with all the info. We have learned a lot though so far through these forums! What we are currently not sure of is if we should be...
Cole Johnson
24 Year Old Making $16 an Hour, Closing on 4 Plex Friday!
Hi BP,Just wanted to start out on how thankful I am to this site and everyone on it. Last year at this time I would of never guessed that I would be a landlord right now. A little background how this is even possible ...
Elenis Camargo
To those inheriting tenants, don't make this rookie mistake!
Hi BP! I wanted to share my rookie mistake. We have purchased two SFH with inherited tenants. The first was in February and the second this past month. While we were closing on the second rental, we did a new lease fo...
Jay Hinrichs
Look what Vegas is allowing to happen to deal with Squatters.
Vegas just moved way up the list for landlord friendly.. take that an no great weather issues and some of the absolute lowest prop tax's no income tax and now a company that can deal with squatters the way they shoul...
Daray Olaleye
HALF MILLION dollar 4-Plex close. HBD to me!
Today I turn 27. Today I close on a half million dollar 4 unit property. Needless to say, I’ve been busy.Life is filled with so many ups and down. Right now life is up. Just a few short months ago life was not so up. ...
Drew Sygit
Why are Newbies Using Invalid Investment Assumptions from 5+ Years Ago?
Take a look at this graph:What do you see?What RECENT "buy" opportunities do you see in the overall market?When do you think it was more difficult to find a "deal" on real estate, in 2011 or 2019? How about today?It's...
Pat Garaffa
HOA restriction on rentals
I purchased a townhome with the expectation of either 1. renovating and reselling it or 2. renting it. My preference is the latter and I want to rent it and add it to our portfolio. Most of the HOA in our area (Jer...
Jay Hinrichs
Distressed inventory is going to dry up in some markets thoughts?
I get daily hot sheets from numerous states were our teams bid at Trustee sales or Sheriff sales.Today the one I get in Vegas EVERY sale is postponed.of course this is going nationwide so all that inventory is going t...
Mike Teri
Is Anyone Still Lending on Portfolio/LLC Loans??
Hi NY/NJ BP community, I hope you are all faring OK through these crazy times we're enduring.My business partner and I are stuck -- we have finished the rehab portion of our BRRRR strategy on a duplex in North Jersey ...