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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...
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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...
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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...
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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...
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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...
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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 ...
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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...
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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 ...
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Hello BP members,I've moved into one of the units of my Triplex and it has a mixture of electric and gas heating. My father in law recommended that I get a freestanding vented gas fireplace to heat the 800 sf unit, w...
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This property isn't hitting the 2% rule but it is a little better than 1%. Purchase price $52K Rent $600.
Why can't I make this cash flow positive?
Purchase Price $50K
Closing costs $2K
Down payment $10K
Financed ...