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My mortgage broker is saying that the rate on rental Fannie Mae ARMs is very bad compared to 30yr/15yr fixed. While the latter is only 1/4-1/2 point above owner occupied house, the former is 1 point above.I am looking...
Any tip is welcome. I rented my home to a young couple 4 years ago with one dog. And now they have 3 dogs, 1 cats and 2 small girls. When the lease was done and signed it was for only the husband/wife and one dog....
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What tools are available to help determine the market of a particular area is strong in Rental or Buying
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Hello BP,I am planning on selling my primary residence in the near future which has plenty of equity built in. I understand that, as I plan on reinvesting the money, I need to use a 121 exchange to dodge the taxes. My...
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Assessed value: 35,000.00Purchase Price (cash offer): 17,000.00Cap Rate 7%Rehab costs: 12,000.00Monthly Rental income: 650.00Management fee: 8%Monthly repairs: 10%Is this a good rental deal? I tried using the analyzer...
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i am looking at a property with tenant in place. Tenant is happy and would like to stay with the house as-is. If it were vacant I would put around $10k into it right away to cure some issues (mainly cosmetic like fl...
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#BrandonTurner mentioned he has a separate LLC for each of his rentals. Have you setup an LLC for your rentals, if not one for each? If so what is the benefit?
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Hi BP,I am planning to purchase my first property to rent. I want to start with a simple deal first so I decided to purchase an apartment which could be easy to manage. Let me start with some facts before having quest...
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I am still learning the rental business and would like some thoughts on this deal for a rental. What would you rate this deal, scale 1-5? Purchase: $160,0003 bed, 1.5 bath in Fontana, Southern California1110 sq ft con...
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Hi Everyone, We have half a dozen units we have gradually converted to short term vacation rentals. We are having challenges keeping the calendar straight across multiple rental site platforms. Any one doing multiple ...