I inherited tenants at a duplex I bought in February. Both units had low income racial minority families with school-aged children. (Race is relevant because I'm white, and there's a well-publicized issue in Portland...
So I hear people talking big game about owning Properties long term and the cash flow going up.In some states that are high property tax state like Texas here is what I have seen. 1. The taxes and insurance are increa...
I know many members on BP use the 50% rule as a screening technique.. I was curious if anyone uses a range of estimates for expenses to estimate potential profit, rather than strictly 50% - either while they are ...
First and foremost, I hope everyone who was in the path of Hurricane Harvey is safe. My brother is currently buckled down and waiting out the storm in downtown Houston.
Once the storm (or any other natural disaster)...
Hello BiggerPockets community! I'd like to take a moment to thank everyone in advance for all the care and considerable knowledge that's been put into this site. It's an incredibly powerful resource that I've lurke...
Hello Everyone. I'm in the process of closing on a 4 unit building in CA in which I will live in one of the units. I will be raising rents about 8% since the current owner hasn't raised rents in a long time. Even if I...
Hi all, I have a few questions. I'm very new to real estate investing, and have just spent the past 2 weeks exploring my area (Charlotte NC). Granted, I've only been looking on the MLS...which leads me to my first que...
This forum is for anyone coming to my Networking Summit who would like to talk about the Arizona market and start connecting before the Summit! (see website in signature).@Patrick O'Sullivan reached out from the Phoen...
Hi Everyone,
I'm under contract on a 4BR/2BA home. It's very clear that I'm under contract at market value price. 147,500. However, it will rent for $1,500/month and taxes are dirt cheap.
It is also entirely renovat...