Brad Ott
1st Deal - Need Help
This will be my 1st investment deal and i'd like some help. Here are the numbers followed by some questions. Personal Side:$50K w-2 + $50K personal note I own$40K savingsCredit Score around 750No personal debtProperty...
Peter Sik
paying 10% of repair cost to management company
Want to know is this usual for paying 10% of repair cost to management company for their supervision."A charge for supervision of repairs for a remodel, reconstruct or rebuild will be ten percent (10%) of the total ...
BB Liu
Learning rehabbing from my desk
I am new at this. But wait! Before you read my title, and reply by saying, "No one can learn rehabbing from a desk!!" -- Let me first say, I know this. Really, I do! Rehabbing, and real estate investing in gene...
John Suralik
Friends Don't Let Friends Rent Their Primary Residence
I know there is a lot of discussion on house hacking on BP and it can be a great strategy, but renting out a house that was purchased as a primary residence is a good way to go broke. I've recently gotten a phone call...
Barbara S.
Elderly tenant in NYC
I am in NYC, have an elderly tenant that should be in a nursing home but refuses to go. He is alone, no family and a handful of friends that check in on him occasionally. I have been trying to get him social service...
Marion Edwards
Inheritance
I recently inherited a 1200 square foot 3BR SFR in Flint, Michigan. The house is free and clear with the exception of a water lien and back taxes of $4000. The house has water damage from a leaking roof and I've rece...
Scott Diller
Can I use future bedroom rental income for House Hack VA loan?
I am currently in the process of being preapproved for my VA loan. I plan to have my letter tomorrow. I am a regional airline pilot in Houston and have many coworkers seriously interested in renting bedrooms from me...
Jillian Wright-Martin
To hire a PM or not...
I have an owner-occupied duplex (100 yr old structure). Great tenants *knocks on wood*. I am stretched past capacity as a full-time working single mom to a young child. If I had one less major responsibility, I'd be f...
Yoshi M.
Max Out Roth 401K or Real Estate
I have no debt, nor did I ever. Not a penny. I paid cash for my undergraduate degree. I paid cash for my car. I paid cash for my home. I have no credit card debt. I'll have finished earning my masters, which I paid ca...
Malek Bohsali
Raising rents in Texas?
Are you raising rents? If so, what percentage % ? Single family, long term rentals. We have ok tenants who don’t complain much. They do accumulate trash, old tires on the property. Units re-lease in 10 days or less...