Peter Raber
Rental Property with unreasonable local taxes
I have a property in a small town in Texas, it is worth approximately 250K and I am renting out for $1700 a month. This was a former residence of mine but the taxes have recently jumped to over 7K a year. I am not ...
Matt Cariello
Looking for my first purchase (Wisconsin)
Looking to get some feedback on a property I'm considering taking a look at. Here is this info:
3 unit property - fully rented
Asking price: $99,900
Unit 1 - 2 bed, 1 bath, $500
Unit 2 - 2 bed, 1 bath, $500
Unit 3 - ...
Chad Reott
How to evaluate rehab repairs?
Hi guys,
I am new to the investing game and looking to focus on rehabs and flips to start out. I am aware that a major focus in doing rehabs and flips is to accurately assess the repair costs that are needed to rehab...
Emilio Pereira
Permitting and architectural drawing
Hello I have a question to see if I can get pointed in the right direction! I purchased a property to BRRRR it out and it has a screened covered porch. I wanted to enclose the porch but I am wondering if I need to get...
Tony Reale
Yet another 2% question!
Of course it has been covered that the 2% rule is somewhat area dependent, So wanting to discuss my area "Nashville TN" Specifically but may be a question others can benefit from.
I seem to have no problem me...
Brian Wensel
Adding 2 units to multifamily property with a garage conversion
Hi All,I bought a 3 multi-family family property back in July with an FHA loan (I am house hacking and renting out the other 2 units.) On the property there is a large garage with the same property address that needs ...
Courtney Olson
Conventional loan with repairs questions for a Rental
Good morning,I’m looking at a 4/2 brick home on an acre Lot in AL and I live in FL. I like the location and it’s currently rented. The structure and roof is good with some issues I want fixed:-covert fuse box to 200am...
Gustavo Gonzalez
Rent Deposit Return
Good afternoon all:
I have a property that has been recently vacated by a tenant who has been in the property for 9 years. I purchased the property 4 years ago with a tenant in it (section 8). At the time of the h...
Connor Bell
CapEx Reserve - Rental Properties
Hello BP friends! What's the rule of thumb for creating a capex reserve? (as a percentage of total revenue) At day 1 of owning the property, do you typically have some $ sitting in the reserve?
Therese V.
Closing on our second rental property
Within the next couple of weeks we will be closing on our second rental property! We're so excited to find that second one and have been patient enough for the price to have dropped over time to finally get it for wha...