Hello BP community! This is my first post, so set your expectations low! Here goes ...Rather than save my way to down payments using my W-2 income, it is easy to imagine how using private loans could accelerate my REI...
Could someone explain owner financing? My understanding is that you find a great deal, use private or hard money to fund the deal. Market for residents that can't go to the bank so they come to you, they put down a n...
I tried searching for an answer and couldn't find anything on point. This will be my first time increasing rent. I found something from the NJDCA that says a rent increase must start with service of a Notice to Quit...
Wanted to just share this with people as many people like to do land contracts. I have acquired many of them and have done very well, but it is not for the faint of heart. I received a call today from the county inspe...
Current tenant moves out at the end of this month. New tenant signed lease for around mid August and just asked to move in 8 days early. They asked if they could but didn't offer to pay for those 8 days. On one hand, ...
Hey BP folks -New investor here looking to close on my first deal. I've sifted through a huge pipeline of deals and have narrowed it down to two. The most promising one is a brick ranch 3bed 1.5 bath...1300 sq ft thro...
Hi, I am the first time landlord and this is my very first property for LTR. I just listed a new construction single family home for rent, and I signed the lease with one of the application and lease starts from end o...
OK so we bought our 1st rental property... spent about 10 months of hard work and sweat to completely gut it and put it back into great shape on our own. Got our tenant and she had a good background check, a job, pr...
Hey guys, we often talk about the tax benefits of owning real estate. Do these benefits extend beyond the rental income? Could somebody give me a laymen's overview of how this works?
Many books that I read have mentioned about making an apartment deal with a 80-20 loan structure. Some of them even suggested the 20% down can be using private money and some could be carried back by the seller. I pok...