Timothy Ray
What to look for in property managers
So, Im new to the investing game, but I do know that I do not want to deal with property management. I'm focusing on Buy and Hold or BRRRR properties and will be hiring property managers for the rental portion. For th...
Eric Baron
Best ways to break even or profit on short term rentals (STR)?
Hello, I was really excited about the prospect of purchasing a STR (my goal was one in Breckenridge and one in Hilton Head) to be able to use a couple times a year personally and then use as a STR the rest of the year...
Rick Baggenstoss
How would you improve upon the 2% "rule"?
I've struggled, along with others, with the 2% rule. It has some drawbacks which I think can be improved upon with BP community help.
Simply stated, the income from a house should be greater than or equal to...
Lou Croce
Financing For My First Deal...
Hello all,
I'm getting ready to close on a duplex pretty soon but I have to say, It's pretty gut wrenching!
Its a duplex out of state where my parents live, so I visit alot (about a 4 and a half hour drive). Cash f...
Bienes Raices
What do I do now with the security deposit?
I had three roommates living together. One of them broke the lease and moved out a couple of months ago. He gave 12 days notice that he was moving out, with a voicemail. The lease states that he needed to give 60 days...
Jacob Song
are 4-6% property taxes suppose to be normal??
So it says my first home property tax will be 4% and 2nd 3nd or how many properties that I buy in South Carolina will be 6%. Isn't that very high? is this only in south carolina? which charges more property taxes on i...
William Walker
Buying a house that’s rented out to businesses
There is a house for sale that is rented out to a few separate small businesses (hair dressers, etc). Initial numbers look good. I’ve been in the SFH long term rental game and I’m familiar with how to analyze, but not...
Clifton Monte
Wife wants me to buy her Grandparents' home to rent after 1 yr..
It's a family home in Richmond, Va that was purchased and renovated from a tax sale. This would be our 1st home, but we'd be relocating in 1 year. Below are the rental calculations I've come up with. Before I break t...
Michael Breedlove
Multifamily (2-4) or SFR???
Kinda new to investing. In the Greater New Orleans area. A couple years ago my wife and I bought a 4plex. We took out a heloc after renovating and living in it for a year. Then found out we were having twins and alrea...
Eric Johnson
Cash Purchase Followed By Mortgage Acquisition
Greetings BP members,Do you think it's prudent to purchase a property with cash, then, subsequently turn around and get a mortgage on the property to recoup your cash expenditure?Thanks in advance,Eric