George Batton
Keep emergency fund or pay off mortgage?
Hi all. I'm 26 years old and just bought a foreclosure home for $86k. Fixed up, it's easily worth $120k. I put a down payment in of 40k and owe 46k on it now. My monthly payments are roughly $527 a month. I make ...
Ashley Henderson
Umbrella insurance policy, is it necessary?
Hi All!I'm about to close on my first property, a 4plex in Pittsburgh, Pa. Due to better mortgage rates I chose a conventional residential mortgage over commercial. Since the property will be in my name, not my LLC, s...
Leroy Wallace Jr
First Time Landlord...
Hi Everybody. I am closing on a Two Family (Owner Occupied) at the end of the month. There are some minor repairs to do in the rental unit before it is rented out. Any advice for a first time Landlord would be fant...
Rudy T.
Converting properties to LLC
Hi All, Just like many of you, I am new to BP. I have two rental properties in California on my name and one thing on my mind is liability. What does the process look like if I want to convert the rental units to b...
Kevin Dares
3k STR/BnB investment grosses 450k yearly after only 3 years.
Investment Info:
Large multi-family (5+ units) other investment.
Cash invested: $3,000
STR/BnB operation located in downtown Seattle. Through an initial investment of 3k, 3 yrs ago have grown into a 9 u...
Mowaffag Farhat
furnitured vs unfurnished Rent
which is better to rent property as unfurnished or furnished with higher rent rate ? as I belive some people are trying to avoid the hassle of furnituring style and overall cost but not sure if they are the majority i...
Jack M.
New member, living in Boston, investing in Baltimore
Hello all.I'm new here, but I'm not an entirely new investor.I did the "house hack" of owning a property with an FHA loan and rented out the basement to help pay the mortgage on a property in Maryland. This was back i...
Benjamin Winokur
One year later, the story so far...
Greetings fellow BP'ers!It's hard to imagine that I got started in RE just a few short years ago. So much has changed in the market, economy, and even my life!When I first started out I really had no idea what to thin...
Chungsoon Haw
About to Make my First Offer.... Need Advice?
Hey guys,I've been looking a SFR (2/1 semi) out of my city for the last month and I'm seriously making an offer. But before I go into that, here are the numbers:Ask: 83k, 20% down, reno 4k, closing 5k = total cash req...
Heather S.
Suggestions for loud tenants
Wondering how people deal with tenants in small units (tripex) that complain about noisy footsteps. Just had a new tenant that moved in a week ago, sent me a text at 10pm that it was loud and could I talk to the upst...