Patrick Rabalais
What should my Down Payment be?
Looking to get in to my first deal. Targeting a single family home requiring zero to minimal repairs to rent out. The goal of the property will be cash flow. My thought is to hit a 70% LTV (which makes my down payment...
Earl Kamps
Rent rates and rising house values
I am aware of and follow the 1% "rule" when analyzing a new property and setting rent rates. Now I would like to have a discussion what Landlords are doing with rent rates seeing that property values have went up so m...
Helen Zhang
Dallas, Texas, a property with Weird Tax History
Hello BP community,I am in the process of purchasing a property in Dallas Texas, and it is a REO property.I am cleared with title insurance and received title commitment. However, when I looked up the tax history on t...
Christopher Wynn
Is Now a good time for first time investors?
As things start to pick up and more properties are coming and going on the marketplace, is now a good time for new investors to jump in and get started? Also what are some recommendations for strategies for first time...
Stephan Guna
What to make my rents
Excited to say that I am in the process of closing on a house. Been looking for my first investment property for the last couple of months. Finally found a duplex I actually fits my parameters and seems like a good de...
Will Foster
To allow or not aloow tenants to Air BnB
Good morning BPers!I'm planning to purchase a duplex, that I will live in one unit, while renting out the other. I was thinking of Air BnBing one of my rooms in my unit, but I was not sure if I wanted to allow my tena...
Arun Iyengar
Good time to invest in Houston?
I am an investor based in California.After Hurricane Harvey, I figured that investing in Houston apartments that weathered the storm with no water damage would provide value. Particularly as the housing stock had supp...
Logan Turner
Basic multifamily questions
Im studying multifamily in an effort to move from single family rentals to Multi's I have a few beginner questions.
What's a good average to use for operating expenses? 40%? I'm asking because in evaluating gross re...
Justin Perry
Thoughts on this deal / Advice for future?
We are building a new home with MI, and are paying cash. 4-bedrooms, 3.5 bathrooms. 2700 sq/ft. Great corner lot, very nice location (no neighbor to the back, street in front and to the left hand side, with park acros...
Al Kirk
Mortgage Note Arrears
For the experienced mortgage note buyer....My question has two parts:1.If I am purchasing a non-performing note do I add the arrears as fees to collect from owner when modifying the original note?Just a scenario:last ...