Mike Hanneman
Cap rate
Hey quick question here is the cap rate the percentage of income compared to expenses?
Jayme Mendal
Using home equity loan for downpayment on investment property
Hi - I'm new to the site, and wanted to jump right in by posing a question for the community...
I would like to acquire a property, but am short $20-30K for the downpayment. That said, I have $300K+ equity in...
Robert Mendenhall
Older area home issues
Good morning BP,Ive been digging in and looking for a multifamily in Columbus to start my REI journey. I was wondering about some issues to look out for in older home areas. A lot of the homes were built around 1900. ...
Matthew Irish-Jones
Rich Investor Poor Investor
Over the course of 12+ years as an investor, property manager, top 100 agent, construction manager, and a general student of Business I have seen my own portfolio performance, as well as that of every investor we mana...
Michelle Mapp
How do people make the numbers work in Southern CA?
We recently moved to Southern CA. I wanted to get an FHA loan, put 5% down and purchase a multi-family in Pasadena, CA. I broke out my spreadsheets and WOW - I can't seem to make any scenario actually work, even to b...
Avery Pemberton-Smith
My first investment
I'm thinking of buying this place and updating the kitchens and appliances to increase the cash flow. It is a duplex with 5 bedrooms 2.5 baths on one side and 3 bedrooms 1.5 baths on the other with a 1 bedroom suite i...
Ludmila M.
What are the cons of taking out ROTH IRA contributions?
My husband and I were thinking of taking some money out of our ROTH IRA for the REI business. The amount we'd withdraw would be around 20% of our overall retirement funds. We are in our 40s, if that matters.Aside from...
Dave Ketcham
Replace refrigerator icemaker?
We supply a refrigerator with our rental property. It's a modest but nice 3BR 2BA SFR in a nice neighborhood in Lee's Summit, MO. The refrigerator is older and the icemaker stopped working. The tenant has asked ...
Jessica Monroe
15 Year Notes vs 30 Year Notes
Hello BP Community! I'm 24 years old and looking to purchase a rental property within the next 6 months. A fellow BP member made the comment about putting loans on a 15 yr note vs 30 yr to be debt free sooner which I ...
John Hodson
When is a cracked foundation a bigger expense than the house?
Hi BPers!I'm getting close to close on a property and there are cracks in the foundation that the inspector found. I'm asking the inspector for a more detailed analysis of these cracks so I can decide if the foundatio...