Anthony Harris
Calclulating Cap rate
Hi All,I was hoping any landlords or flippers could shed some light on how they calculate the cap rate of a rental or flip? I know the formula is Net Operating Income/Gross Rental income. But what I'm not sure is how ...
Acencion M.
My plan what do you think?
I have a question. My goal is to have 15 rent homes within the next 5 years. my first step was to get my own primary home and I did 3 weeks ago. Now I want to work on buying a home to rent out. I asked a lender and...
Luis Pereiro
Help with Tenant Screening with Disability
Hello. I have a unique issue with a specific tenant. Here is the story. During my open house Saturday, lady comes to me that she would like her brother to rent the property from me. But that he can only afford to pay ...
Tomer O.
Low Income + First Rental = CPA needed or not?
Hi guys,About to close on my first rental property, out of-state (TN), cash purchase, through a turnkey companyI've had and will have a very low yearly income (less then $10K), and I've been filing my W2's via 1040EZ ...
N/A N/A
My Biggest Fear
Is once I have the property being able to sell it. Im talking about doing rehabs.
I mean I justt told my partner that we have to figure in carrying costs. But I was just talking to a mortgage broker who said an inves...
Jack B.
Do you provide a lawnmower for your single family rentals?
I've gone both ways. In one case the lawnmower broke (pull handle) with the first tenant and in another, they bought a push mower, that...get's the job done.I'm debating on whether I want to have yet another appliance...
Mathew A.
Property manager keeping fees and not willing to work
I've got myself in a bind, and any guidance would be helpful.Here's the situation:I bought a duplex, fixed up one unit, and hired a property manager to manage it. The church across the street wanted to buy it, and af...
Manny Cirino
HUD asked for Suggestions What do you think?
Earlier I was reading and interesting article today. Basically explaining how HUD is sitting on over 240,000 REO's and does not know what to do with them since conventional lending will not loan to distressed housing....
Account Closed
What to look for when searching for properties to flip?
I will start driving around an hour after work a few times a week looking for "ugly" houses in my town. I'm not really sure what I'm looking for, or what neighborhoods I should be looking in. The first time I drove ar...
Marcel Duarte
Is Increasing Student Debt Driving Home Prices Higher?
Let me start by saying, I'm no economic expert. I read a lot, but so does everyone else on BP. This is my theory, and I'm interested what all the smart and experienced folks on BP think about it. So here it goes:Stude...