Thoughts about purchasing a brand new home that doesn't meet the 1% rule.
It's near a new elementary in a growing area outside of Austin. 205k, 3/2, rent is about 1500 in the area. It will be my first rental which is...
Hello! My wife and I are in contract for our first rental property, a triplex! The current owner has had it for 21 years and is older so rents have not increased over time. The current tenants are being charged $425 w...
I just heard on the news that real estate prices are dropping like crazy in Puerto Rico due to the state of the local economy. Wondering if that's a good opportunity to start investing there. Anyone on BP currently in...
So my tenant has been asking about upgrading the vanity in her unit. The current Vanity is a small 24" vanity, it's not in bad shape, but I agreed a 30" vanity would be nicer in that space. So far I've told her I migh...
Hello,
Can anyone please give this first-time landlady some advice on this issue?
I bought a turnkey from Roofstock last summer. It is out of state and I have a PM to take care of it. It's supposed to cashflow about...
Hi investors,My first tenant moved out after 7 years and it is costing me $7-8k to fix! What's your average move-out reno cost? And how many years of cash flow is it wiping out? This is my first move-out and I"m fi...
Hey Everyone,I know that there has been quite a bit of conflict as to whether an STR can be profitable or not, so I figured that coming to this community for perspective would be best. I keep hearing that STRs are dea...
I received an email from Cozy stating that a tenant disputed their rent payment/marked it as fraudulent with their bank. Cozy then reversed the payment, which had already been deposited into my account, and withdrew i...
I am using the BP rental calc to evaluate properties for potential rental performance. What numbers is everyone using for their expenses?I am using:Vacancy- 6%-8% this gives me one months rent at 8% or just enough to ...