Mike McKeown
Is there a Rule of Thumb for STR property management % of gross?
I'm looking for a general rule-of-thumb for estimating the percentage of gross income used for paying for a management company to handle an STR. I realize this is likely very location specific, so I'd look at somewhe...
Steven Richards
Deciding our First Market
Hey BP, My wife and I are looking to move out of NYC within the next 15 months and are trying to make an educated decision on where to go. We are looking to sell and fix n' flip our way into multi-family commercial pr...
Andy Whitcomb
Best book about managing a rehab (and keeping it on budget)?
Can anyone recommend a book or other resources that I can use to educate myself on systems and processes to improve the rehab process, specifically related to budget?
I have done 4 rehabs now (buy and hold), and I'v...
AJ Smith
How to Estimate Rehab costs?
Hi all,I realize this is a really detailed subject that's impossible to explain in 500 words, but does anyone have any tips on estimating rehab costs?I'll be scouting out properties for a BRRRR investor in Iowa, so I ...
Ulrick Edmonds
Self Directed IRA Usage
Hello BP Family, I’d like some feedback on trust companies that people have used to create Self Directed IRA’s. After talking to 3 companies I feel that this is a great resource to build a real estate portfolio , I do...
Maya Torres
Curious! Has anyone had to place tenants during this pandemic!
I’m curious to know if anyone has undergone a turnover or has had to place tenants within the last couple of hectic weeks. Please share your experiences. Any difficulties or successes? My husband and I are supposed to...
Trayven Cartwright
Buying my first rental property
Hey BP members,I’m pretty new to real estate investing but I’ve always had a interest in having rental properties. I’ve devoted to this year to save up money for a down payment and to learn as much as I can. What woul...
Joe Einbinder
Income taxes on rental properties
How much of your profits are eaten up by income taxes on rent paid each year?? I know you get deductions for depreciation, and maintenance but even after that, it seems like any profits would be eaten up and possibly ...
Vonetta Booker
What's next after the calls start coming in?
Since the bank REO inventory seems to be drying up, I’m ramping up my private seller marketing once again (yellow letters, etc.) I’ve gotten the letters, mailing system & schedule down—now that they’ve gone out, I...
Sid Newstrom
Can a person buy property with NO agents
Well... As we speak my wife is closing on our first rental !! But a new prospect has come into light. I just talked to an investor who has more than 20 properties and wants to liquidate. NO seller agents.... Someho...