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I have been looking @ this formula w/ real case scenarios. The only way you can make this work is with very low price homes in suspect area. Now, if you do that, what's the quality of the tenants going to be &, ev...
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I’ve had one rental for almost 2 years. It’s 2.5 hours from my home. My daughter was managing locally but she moved, now my partner and I are struggling to do it.It’s a 5 bed/3bath house that we rent by the room as me...
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I have a son that is now 18. He has worked on a number of our houses remodeling them and he has saved his money. He’s a good son and has demonstrated responsibility and hasn’t given my wife nor myself a hard time does...
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Is it possible to BRRRR to yourself? In other words, for the rent part we would just pay our own mortgage and live there. Then wait for a seasoning period to do a cash out refi. Thanks
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I am looking at an 8-unit apartment complex right next to a major University that is cash flow positive. However, it does not meet the 1% rule, with it being at .81%. How much should I weigh the property not meeting t...
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Hi BP,I hope all is well. I was wondering what questions I should ask a PM if I'm interviewing them. These are the questions I got so far
1. How do you find and screen prospective tenants?
2. How and when will you c...
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Hello all!Here's the scenario: My boss is now investing in residential real estate. His goal is to own 25 properties by the end of the year. I am not sure how he came up with 25 as his goal, but he currently owns 6 p...
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Hi am a new investor. I purchased my first mobile home in Ohio two years ago and it is going on the rental market in February of next year due to a family member living in it at the moment. I am also a travel healthc...
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I'm looking to update the windows in my property for all units if possible. In total, I counted approximately 30 windows that would need to get replaced, with many of them not being the same sizes. I also want them to...
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Hi! I am planning on doing cash out refis on 2 properties I own in Cleveland. Both were purchased around 5 years ago for cash & have both cash flowed & appreciated more I had anticipated. My estimated cash flo...