Alec Barnes
How Do You Ensure Quality Tenants?
I know there are a variety of screening practices used by landlords and property management companies. Personally, I follow this standard for every application I receive:
- Income of at least 3 times the monthly rent...
N/A N/A
50% rule and the 2% rule
I thought I had heard another investor say that the two rules were basically the same thing. Maybe I misunderstood, but if not could someone explain how they are the same thing??? And also, the 2% rule seems to work...
Account Closed
Why Most Single Family Property Managers Suck and What We Can Do About It
Why Most Single Family Property Managers Suck and What We Can Do About ItAccording to the 2014 U.S. Census, 43 million Americans are renters (35%). A large portion of these renters rent detached single family homes. ...
Olivia Umoren
Student Loans & Mortgage Approval—DTI Issues
Hi Everyone,
My name is Olivia, I’m a 24 year old college grad (Penn State ‘16) and like most of my classmates I have student loans ($45,000). I am trying to prepare myself to purchase a property for househacking in ...
Yinan Q.
Live Diary of a Rental - How I Find, Buy, Fix, and Get It Rented
1.0 IntroductionI really enjoy reading other investors' diaries of their stories. I always learn a thing or two from what they did right and what they did wrong. It is also what led to my first diary on BP - I want to...
Gerardo E. Saldana
$100 per door formula - Does it make sense to you?
Hi guys,I need clarification on a phrase I hear often times around investing in rental properties.Often times I hear the whole "your goal is to make $100 per door..." in podcasts, seminars, bigger pockets webinars, et...
Steven Davis
Sensible investing in California Real Estate?
After 30 years of working my *** off to get an extra percent or two in the stock market, I've finally realized that I should be investing in real estate.Better late than never.First of all, Thank You to all the poster...
Steve Porcello
Live in MA, already investing in MA, considering RI?
Hello everyone,My name is Steve. Me and a partner have experience with SFH, condos, apartments, and small storefronts geographically between Boston and Cape Cod. We primarily buy, rehab (if necessary, usually less tha...
Jack Jones
Short Sale Question
Just got approval for short sale. I owe $200K on beach property and have an offer for $90K. In the short sale agreement it states that the lender or its investors may pursue a deficiency judgement for the difference...
Michael Noto
3-Family Plainville, CT BRRRR Project
Here are the basic details of the project:Closed on the deal on December 18th of last yearLocation: Plainville, ConnecticutPurchase price: $120,000.00Rehab amount: $22,000ARV: $210,000Property type: 3-familyTaxes: $38...