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I heard a podcast recently wherein the guest said he finished his rentals so that, basically, his houses were the best on the street and fetched the highest tier rent in their market. The purpose, in short, was to at...
Hi Everyone, I have been stuck in analysis paralysis for about a year now. I finally found a triplex that I believe is the property I want to invest in. I have been successfully pre-approved for the mortgage loan usin...
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Hello Friends..I am looking to buy a foreclosure property which has the following characteristics in chattanooga, TN. I am trying to understand my risks before I get involved.This property was in abandoned state for o...
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I currently invest through an LLC (four partners) and I am considering getting my RE license. At closings should I:Have the LLC pay me a full commision. It would be an expense for the co and a 1099 for me.ORHave the...
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I have a 992 3/2 w/ carport that is price very low. It is in a mobile home park where the rent is $432. I can probably get $600-$700 in rent. Here are my questions:What other expenses will there be?How do you take tit...
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I understand the idea of motivated sellers and their need to sell at what anyone with some simple math skills can see as a good deal. Even the seller knows it is a good deal, but they are not investors or investors m...
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Good morning everyoneSo for a few years I've had this awesome idea in my head that won't go away but I'm not sure if it's a bad idea or a good idea. I want to create a nonprofit organization in which I'd be purchasin...
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Hello: I am a relatively new investor having started buying "buy and hold" rentals in 2013. I currently have two 4-plexes. One is an solid cash flower, the other, not bad however I am dumping all cash flow from both...
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Hi Everyone,I'm in the process of purchasing my first duplex, i have tenants in place and collecting rent. I have met them and such which both units are family related they seem like decent people. The house is in FAI...
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I've been investing in the stock market for almost a year now and want to get into rental properties next. I know nothing about real estate but do have some ideas, mostly from listening to the BPM podcast. I plan to r...