I know it isn't a popular option on here, but I just bought my first rental. We shall see how it goes. Actually, not even a mobile home. It's a travel trailer. Will be renting for $650 a month less $260 lot rent.
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Economic Update
(Monday, October 5, 2020)
The economic collapse sparked by the pandemic is triggering the most unequal recession in modern U.S. history, delivering only a mild setback for those at (or near) the...
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Hey BP,I have a couple rentals that I have up on Furnished Finder for travel medical staff. So far it’s been awesome! I haven’t had a single day of vacancy this past year even though my rates are at or above market fo...
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Hello. I have been a long-time lurker here on BiggerPockets, and have learned quite a bit by reading forum posts and blog articles. A bit about my background: I am in my late thirties, work as a software engineer for ...
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I dont like renting to people that just recieve social service checks as income for 2 reasons.
1. If you dont work for it you dont take care of it.
2. You cant not garnish social service income.
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Hi,I had the fortunate event of having Eddie Speed frequent my portrait studio this weekend.His son had mentioned, to me, his famimly owned some land on North Texas during our photoshoot. Once I met Eddie, I mentioned...
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Hello everyone,
I am new to BP and the world of note investing, I've read loads of postings here on BP (which is just mind blowing the level of knowledge/experience) and have loads more to go which just wets ...
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As I consider adding another property to my investment portfolio, I'm wondering - What do you consider "good" cashflow for a property? Personally, I'm considering the purchase of a unit in an area I'm very familiar wi...
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Terms in CRE lending that everyone should know...Adjustable Rate Mortgage: Mortgage where the interest rate adjusts periodically up or down through a set index. Also called a floating rate mortgage.Adjusted Gross Inco...