I have two rental properties in Missouri. Both with a mortgage. One of them has $25k left on it and the other one has $90k on it. If I pay them off in the next few years I would be cash flowing right around $1,800/mon...

In 2010, I purchased my single family residence and thought I was there to stay. In February 2012, I was relocated out of state. Due the still poor real estate market I elected to rent my home. I want to sell t...

Hi BP,I found an 8-unit apartment building for sale by owner on craigslist.  I've been studying real estate and reading/listening to BP for about a year and a half, but have yet to do an actual deal.  I wanted to run ...

Hoping to get feedback on a 4-unit house hack deal I'm considering.It's an Estate Sale so there is limited info about the property.List price: $339,900Financing: 3.5% down at 6% (est)Debt Service & Closing Costs: ...

Wondering if any of you out there have some sort of "formula" you use to estimate repairs/maintenance and vacancy reserve costs when evaluating a new property?
I have been sort of guessing on mine so far and doing 5% ...

Hi Everyone!We took possession of our first rental on July 15th and we are self-managing it.  We've prepared a pre-screening questionnaire with guidance from Heather & Brandon Turner's Managing Rental Properties b...

I'm trying to research the best way to go about this. I went on lendingtree.com to get some refinance quotes, and now my phone won't stop ringing. My question to you fine folks is, what is the pros and cons of going w...

I want to get approved for a DSCR loan. I have walked through a few properties that I know would cash flow.  Where can I find a lender? I talked with a manager at my local KeyBank and she told me "There is no such thi...

You end up putting as much time as you would towards a flip, and instead of making 50k you cash flow a few hundred bucks (that's wiped out after one roof replacement) for "infinite returns" When you could've spent the...

Hi,I appreciate all the advice I've gotten here so far - what a helpful group!!This is our first rental.  We've had a ton of interest but only actually received 2 applications (we listed it last week).  I've decided t...