Eli M.
A tenant with criminal records
Dear BP Community,I am reviewing an application for a potential tenant. this is a couple, not legally married, without kids.They are both in their early twenties (22), first time moving in together. They are willing t...
Andrew Dicks
Question Surrounding Security Deposit
I recently purchased a property in Wisconsin and when I received all the paperwork I did not receive a damage checklist or condition document from the tenants. Now one of the tenants is leaving and left cigarette burn...
Ben Leybovich
Appliances for 98 Units
Hey, guys!So I am having a bit of an issue with appliances. @Sam Grooms and I closed on a 98-unit a couple of weeks back (there's a 10-page thread about it here). We are looking at a $1.4M rehab, and so far the biddi...
Sarah Buchanan
Return on Investment Goals (Buy and Hold rentals) 2019
I am a new investor, investing PT/evenings (still have my day job) in my second year of buy and hold investing with 2 rental properties so far. I am curious as to what ROI people are expecting and actually seeing rig...
Mitch Dowler
Tenant asking for phone lines for DSL?
I have a duplex building I purchased in 2005. It is a pristine building that I update between every tenant and most of my tenants stay two years or more. I have a you lower twenties couple I recently rented to and the...
Amandeep Singh Bassi
How much do you set aside for repairs each month when analysing?
Hello everyone, how much do you set aside for repairs each month when analyzing a property?
The property has not be bought yet, has not been seen in person, the property is just listed on a website.
This
question...
Kathleen McCabe
Buy my 1st investment property now or wait for a crash?
Hi all! I'm getting anxious, I want to buy my first investment property, however I can't help but listen to the rumors of a crash in the next 1-3 years. Should I stock-pile my cash and wait, or get the ball rolling on...
Ernesto Hernandez
HELOC Application denied. Why?
Hey everyone, I own a primary near where I rent, and have about $250 in equity. Of that, I applied for $125K.I have 3 rentals that I own free and clear in Indianapolis. I begun the mortgage process for the Refi portio...
Troy Ritter
Increased STR profits by adding a bathroom?
I have a 3100 sq ft, 4-BR, 2.5 BA STR in Anchorage, AK. The home isn’t renting as well as I’d like and I’m looking to make it more competitive. The max capacity is 12 and my average party size over the last 5 years is...
Marina Loos
Tenant burned down house
3 years ago I purchased a nice home to rent out. The house has no mortgage on it. In March my tenant burned down my house due to "careless disposal of a cigarette" per the fire report. The lease specifically states th...