Christopher B.
Advice on first Lonnie
Don't know much about mobile homes. Have remodeled houses, have contractors, etc but this would be my first Lonnie deal. One of the largest U.S. manufacturers of mobile homes is located in my area so there is a decent...
Douglas B.
Any tips for low income/section 8 rentals?
I'm ready to buy my first duplex. In our market I can buy a habitable duplex in a low income urban market for 30k. Rents are aprox $500/unit but will likely be low income urban or section 8 tenants. The ROI opportu...
John Hyre
Pass-Thru Deduction, Landlords, New Regs
Panic! Landlords Cannot Take New Pass-Thru Deduction! NOT.The IRS just came out with proposed regulations on the awesome new Pass-Thru Ded...
Patrick Menefee
1% Rule in Practice Regionally
Hello BPI’m curious how members in different regions have tailored the 1% rule (especially charlotte, but anywhere really). Looking relative to some of the properties I’ve seen in the area, 1% seems difficult to attai...
Derek Andrews
Use a PM to find a tenant vs DIY
Greetings. I have a single family home that I want to rent. Using a PM to manage the property isnt preferred (because I'll only break even, literally). My plan was to just use a PM to find a tenant (and they'll tak...
Scott T.
Best Places To Start a Lease Option, Rent to Own Business in USA?
Hi there,I'm new to REI and BP and currently researching where we might focus offering 'rent to own' lease option services, within the continental US? It seems 'logical' that both the hottest selling and economically ...
Jose Corbera
Why are mortgages so expensive?
Hi All,I'm about to purchase my first home with the intent to rent it out in due time. The cost of the home is 225k with 3.5% down. My monthly principal and interest is 1054.72, but when including hoa fees and the oth...
Grant Nelson
My mom sold a property that was her retirement... now what?
Hi BiggerPockets! My mom is in her 60s and just sold a home in San Francisco that's essentially her retirement. The next step is to reinvest the income into something that'll cash flow to pay for monthly living expens...
Michelle Lutz
Need advice, is this illegal?
This is going to be long, hope it makes sense. 9.5 years ago 6 investors got together and purchased a 42 door condo complex. 3m cash was put it and a 3m loan was taken out. Rents have paid down the loan and it will be...
Samuel S.
Foreclosure process/costs after purchasing non performing note?
Hey BP,So say I was to purchase a non-performing note, and ended up having to foreclose on the property...What would be the ballpark costs associated to execute the foreclosure? Would it be roughly the same as when tr...