Andrew Merritt
Feedback on Cash Out Refinancing Terms
Hey All, I'm going through some cash-out refinancing on two of my duplexes and wanted to get some feedback on the terms. I'm working with a DSCR lender if that makes a difference. I started the process about two mon...
Jacqui Whalley
Target Market and Running Deal Analysis
Newbie here still trying to learn the ropes and avoid analysis paralysis as I try to refine my target market. I know I want to stick to single family homes. I know I want to stick to the BRRRR methodology. I know I wa...
Jim Piety
Should I sell my breakeven rental?
I purchased a fixer upper through a wholesaler in March 2021. After more repairs and expenses than expected, i could not sell the house for a profit. The house would not appraise. So instead, I refinanced, pulled out ...
Mary Ainsworth
Tenant has no income but money upfront - too risky?
I know people say not to accept tenants if they have no active income, but this is a medium-term tenant who would stay 3 months and they can pay the entire 3 months upfront. In this case, is it a risk to let them stay...
Account Closed
Is buying rentals in Iowa City a good investment these days?
So my dear old Dad just passed away and left me some money. rip.. My wife was taking care of him and now needs a job. I'm considering buying a rental property to generate income and keep my wife employed managing the...
Marcia Maynard
Death of a Tenant: Preparation
What do you do when a tenant dies on your property? Or dies elsewhere and never returns to your property? Especially when they live alone. In an effort to be proactive, I'm trying to think through scenarios and ...
David Humphrey
Low End Rehab Questions
Hey everybody,Had a quick question to gauge the opinions of BP. NO holds barred, let me know what you think.There are a large number of $12-15k properties in my area that need $10k worth of work on average. ARVs in t...
Radek Vytisk
Is it worth at all?
Hi all, I started to analyze my local area here in the Czech Republic (Europe) and found out following information:1) My city has around 65,000 inhabitants2) Searching websites I found that there are cca 60 flats sel...
Jonathan Sikes
How to make money in realestate if the bubble bursts?
Hello everyone,
I'm very curious what strategies people are planning to use, if the housing markets tank again, like in 2009. I know many of you were investing during the last recession and were able to ride the wav...
Marshall White
Advice for a tenant breaking a two year lease
Hey everyone! I'm new to BP and wanted to get opinions from other landlords or PM's that have dealt with this type of situation. I have a tenant who signed a 2 year lease in March 2019. They just informed me that they...