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Hi guys, can you help me vet this deal? Newbie here making my first offer.
Property is a 3Br/1.5Ba is a B class area. School system isn’t good but close to some big employers (hospitals) as well as a few areas with a...
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I've read how people create an LLC for their REI adventures and secure commercial loans versus getting conventional loans under their personal names. To my understanding the commercial loans closer quicker and are ...
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Hello, Board.I want to reach out to your for the opinion. I own quadplex that is completely paid off. I want to have refinance the property in order to have cash in case that I want to buy another investment property ...
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Looking for feedback on this potential deal on a fourplex in my area.
Purchase price: $160,000
Gross rents: $2600 per month.
Principal + Interest: -$648. (20% down. 30 year fixed loan at 4.5%)
Expenses
T...
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I'm curious how other landlords handle this. After a move out walk through is completed with or without the tenant, how do you: 1) Evaluate what to charge them for? How about if you do the work yourself?2) What not ...
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Recently I missed 1 payment on my mortgage and realized it when the nxt payment was due....I made both payments and got the account back in good standing, but the company reported to the credit bureaus 30 days late. ...
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I've purchased 8 my first year and a half through a line of credit/refi process while working a full time day job on the side.
What number/amount of cash flow is the magic number to leave my day job to concentrate fu...
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I've done several rehabs, but always on houses I was living in (more or less.) I'm now doing my first one that's an investment. I've put some pictures in a gallery:
http://biggerpockets.com/galleries/show/16
Only "...
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Hi BP!I thought it would be a cool idea if everyone shared their best tip for managing their rental property. I'll start if off.My best property management tip is charging a 5% late fee when a tenant fails to make th...
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I recently learned a bit, but not enough to be confident about cost segregation studies. I’ve bought two properties this year and wanted to talk to my CPA about it. I left a message and haven’t been called back. La...