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Ist rental property in DMV area
We closed on a house in the DMV area at 403,000 with 20% down back in march, 2020. The house has gone up in value by almost 80k since than and the net positive cashflow is $760 per month IRR is almost 19%. The cash on...
Danny Deatherage
Options to getting our 1st rental property
I am torn on what to do in acquiring our first rental property. My wife and I spent the last 2 years remodeling our fixer upper and are fortunate enough to now have a wonderful home in a great neighborhood w/ great sc...
Brandon M.
To 'subject to' or to not 'subject to'
Okay BP-ers, looking for some advice/opinions regarding a property I own in Charlotte, NC,. Like most other owners who purchased a new construction property in 2006 I am even/slightly upside down still. It was origina...
Seth Jacowski
Cats
Hello all,My property manager has found a qualified tenant but she has a cat. Initially, I have always been hesitant to the idea of pets in general just because you can never be sure how well the pet is taken care of....
Luke Carl
The Ultimate Bed Sheet Thread
** This Thread is for high turnover hostsBuy the cheap ones at TJ Max and replace them every 4 months or buy the $100 sheets at Macy's and hope to replace them less often? More importantly.... Do you have a link to th...
Aly W.
Co-signer for a marginal tenant
Does anyone have any lease content for a co-signer, or should I contact my attorney? I have a potential tenant, but her last rental experience was not a good one. She had a roommate, so it's a "she said, she did" kind...
Matthew Banks
Scaling BRRRRs - Delegation, automation, contractors
We've got 5 units, 4 properties currently, but it is already a lot to manage ourselves. These are BRRRR purchases, and its a lot of work to do the renovations. Any advice on where to focus to scale up? I handle the ac...
Tomi Stoya
How to evaluatre sheriff sale deals
Hello everyone, I am new to real estate and I am interested in preforeclosures and sheriff sales. I have read several books on real estate that explain the basics, but neither going into much detail on sheriff sales i...
Da Chung
Looking for a way to build laundry hookups and an electrician
Hi, I just recently bought a duplex in La Mesa, CA (San Diego) and am looking for some contractors to build an extra laundry hookup for the bottom unit for my future tenants. Currently, I'm living in the top unit and ...
Scott Wang
How do you handle window treatments in rentals?
Window treatments such as blinds and curtains. Do you include them with the rental or do your tenants provide their own?My experience so far has been to renovate-then-rent so I haven't included things like blinds and...