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Hey all, Yes you should always use the 3x rule when evaluating if a tenant can afford your rent. However I've come across a few very good applicants who have great credit, little debt, and solid jobs. There salary's ...
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I'm looking for a service/platform/forum where I can express interest in market(s) and can potentially match up with other buyers that are interested in being a co-owner (likely of an LLC) on a higher end property.I'm...
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I have been considering purchasing a 4 unit Multi-Family home as an owner occupied/rental investment. The numbers seem to workout very well at this point. Current asking price is $200,000 and the gross monthly cash fl...
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I keep reading advice to talk to a lawyer or have a lawyer do certain things for you to make sure everything is good (ie for forming your LLC, and other real estate transactions).However, I have this notion that lawye...
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Hello everyone, So I just graduated as a pharmacist last year and like most health professionals I graduated with massive debt. I've set my mind to be aggressive in paying my debt (4-5k a month), which would allow me ...
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I recently learned something and I want to confirm whether or not it is correct. My father may end up in a nursing home in the coming months. I just learned that virtually everything my parents own is suceptible to ...
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Greetings-
My wife and I live in a condo whose value has appreciated considerably in the last few years. Instead of selling it as we move to a bigger place, we would like to refinance to get a lower monthly payment...
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I have a scenario where the tenants experienced financial difficultly in July and were unable, they claim, to pay Aug rent, due on the 1st. They also noted via email there intention to move via a 30 day notice. Howe...
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Hello BP members, My wife and I just purchased our first investment property. Both of us have 9-5 jobs. Here are my questions1. Shall we hire a management company to manage our property to free us some time to learn a...
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My previous tenants piled up a significant work list of repairs following out move out inspection. The cost of the repairs the tenants are responsible for is an additional $4,526 after taking thier full security depo...