Blair Fontenot
First Rental Property Analyst
Hi All,Looking to purchase my first rental property - actually more like two. I am purchasing (2) duplexes next door to each other as I figured it would be a safer bet having both instead of competing with someone if...
Quentin Hamilton
Over priced properties
I got a offer under contract yesterday I put it in about a week ago at 70% of asking price which was 129900 at the time I offered 90k but after it was accepted I looked on the bay county appraiser site and the just va...
Jose Jusino
Potential Lender Recommendation?
Hi BP,
Not sure if this is allowed here but if it is not, please delete.
I am currently looking into flipping properties. At the moment, I don't have anything under contract, but I want to be prepared for when I do....
Richard Shusko
Cash OUt Refi Advice
So I have a credit score of 715 I claim on my taxes 72,000 a year. I have no judgement and pay all my bills on time every month. But I cant cash out refi 3 houses to save my life. I bought 4 houses this year 1 is fre...
Casey Randall Lenz
Buy old condo, somewhat old condo, or build new?
I'm searching my first buy to rent out, and there are a few options in my town. The first option is a cheap condo in a pretty sorry part of town, (45,000 i think?), very large rooms, needs some updating. Second opti...
Greg Szymbor
My House Hacking Story
This is my house hacking story that will go into a little depth of how I got into real estate, live for free, and show some rough numbers of my first rental property. This is my first “blog/forum” and this will help m...
James McNight
4-Plex - Over-Appraised??
I am curious what the impact could have of an over-appraisal on a 4-plex. Would Lenders see the 140k contract price and not require a down payment due to all the pre-established equity in the property at time of purch...
Jeremy Komer
Is my model too conservative?
I currently budget 20% of the rent to capex and maintenance, 10% to vacancy, and target a 10% cocroi calculated as Total rent less mortgage payment, vacancy, utilities, maintenance and capex devided by down payment an...
Jeyo Punnakottil
Lease Renewal is coming due .What is the rent% increase ??
Lease is coming due for renewal end of June.Tenants what to extend lease for 1 yr.Tenants were excellent the past yr.Always paid rent on time.Took care of property.Never had an issue .What is the typical rent % incre...
Neil Wiseman
Bartlett New Hampshire
Hi
First post here. We have couple STR properties in beach locations,and looking to diversify into somewhere covering winter,lakes area etc..
we're in North mass,and looking at couple properties in bartlett/Glen are...