Timothy Lon
How much is enough for emergency fund/reserves per property?
Hello All,Looking for some opinions from more experienced investors.The basics:I close on my first investment property this following Monday. It's a SFR, 3/1.5 in a C+ neighborhood. Cost is $39,900 and will most lik...
Christopher Franco
Starting off in Ferndale Area (out of state)
Hello All,I am a newbie when it comes to REI and have been stalking this site for a couple months now. I have lived in the Los Angeles area for about 9 years now, but I was born and raised in Michigan. I'm looking a...
Minh Doan
rental marking in Oakland
Hi all,I'm in a process of acquiring a rental property close to Downtown Oakland.As a newbie, I am trying to find out about the rental price to figure out if the number of the deal would work. I tried to look at craig...
Samir S.
Sharing Experiences and Thoughts on Our First Property (Nor. CA)
We purchased our first rental property nearly ten months ago. We wanted share our experiences, thoughts, and lessons learned with other new or soon-to-be landlords. Our hope is that you take away something from this...
Bryant Maten
Our First Potential Deal!
Greetings BiggerPockets Family,I'm so excited to present this potential opportunity to acquire my first deal. Here are the details. My mother sister and I are close to raising 25-30k to invest in real estate in Chicag...
Devin Woods
Property Management Responsibilities
I have a question for those who have extensive dealings with property management companies.
Would you expect, as an owner, or is it common for the 3rd party PM companies to perform inspections of your properties for...
Jon Mark
Seller finance property AND closing costs?
I found a multifamily property that is open to owner financing the entire property, but I do not have any money for closing costs Is it possible to add the closing costs to the note the seller will be holding, if the ...
Jonathan Barreneche
What Percentages do you use for your expenses?
Hey guys and girls,So when using rental property calculators what % do use for the expenses and growth monthly?I’ve been using 5% vacancy 10% repair costs 5% CapEx 10% management feesI assume all utilities will be han...
Maria G.
Lease duration -- other than 12 months?
Hello,I was wondering if there is any disadvantage to having an 11-month lease, instead of a 12-month lease. I had the perfect lease start time and end time but I let my renters do an extra month at the end of their l...
Account Closed
Studio vs 1 bedroom
Im planning to convert my duplex (in Indianapolis, Garfield Park area) to a triplex and need some help with a decision about the 3rd unit. Upstairs is a 2br/1ba, one downstairs unit is 1br/1ba, and the third unit in ...