Hi BP Fam!So the rule of thumb I hear is to have the tenants gross income equal or greater than three times the rent rate. Just to clarify, If I have a boyfriend and girlfriend, sisters, friends, whomever renting my u...

I’m a brand new investor located in St Johns County, FL. It’s difficult to find flip or rental deals here so I plan on building entry level new construction homes to build my liquidity. I know that if my #s are right,...

Hello BiggerPockets friends!I closed on my first rental property about a week ago, it’s a duplex with both side occupied. Few days after close I was made aware one of the tenants had been locked up in jail (6 felonies...

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Hi,

I’m in the Atlanta area and am having trouble finding a reliable contractor who can remove a load bearing wall.

I have one estimate and i was hoping to get feedback as to whether or not it’s a good price.

It’...

Hello Fellow investorsI am going through getting the 3 family rehabbed in Springfield MA. The goal is to have it as a long term buy and hold cash flow property. It is in a class C neighborhood.There is major plumbing ...

Suppose I find a house for a friend to buy and I purchase an option on it for ex. say 90% FMV less minor rehab at most and resell option to friend for say 10% plus I'd be funding it for him until I sell his house for ...

Hi,

My name is Chintan and I am a new member of the BP community. I have always been really interested in learning more about the rental property business and have been reading a lot online. I stumbled upon some re...

Hello,I want to form an LLC to hold my properties, and will be doing this in Ohio.  I just got a quote from an attorney there for 1000 dollars to form the LLC for my future properties in Ohio as well as the one I'm ab...

Greetings and happy forth of July.My father passed away several months ago leaving my sister and I  a property in the flagami area. We are remaindermen so the property is already in our names.This property has been in...