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I have limited capital to work with and the idea of buying a property at $25,000 putting about $10,000 into rehabbing the house and renting it for $800 (local section 8 rent estimate) sounds like a great deal. I would...
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Hi everyone! So I've heard about the 1% rule & 2% rule (or guidelines) when purchasing a rental property: the monthly rental rate should be 1%-2% of the total amount you have in the property to make it a good inve...
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My family and I are looking into moving into a single family residence as we have outgrown our condo. Planning to do a rental for now. Found a house we really like and was asked to submit a family photo as part of the...
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Hi all!
My wife and I are getting ready to move from Rhode Island to Cleveland, Ohio in the coming months. We met while we were getting our teaching degrees, but nowadays she's at home with our two feisty (OH SO FE...
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Hi Everyone! Has anyone had any experience with Spartan Invest in Birmingham, AL? They recently gave a presentation at a real estate summit I was at and was very interested in their turnkey rentals. Are there any t...
In the process of purchasing my first turnkey property out of state. Just got the home inspection report, and it sounds like a disaster. Water damage on the ceilings, wood rot, old HVAC, questionable roof, dead mice...
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I've noticed that some people like and want 2, 3 and 4 plexes, but never understood why. What do you think? I understand that there is just one roof and one exterior, but also that SFRs are much easier to sell, a...
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Haven't done a sec 8 for many years and now have an applicant. I just lowered my asking rent. If it is below what sec 8 pays can I ask for the higher amount? After all it is worth more with all the hassles. Would p...
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House on market and MLS for 175k. my cash offer of 175k is accepted. house under contract with nothing unusual from the bank. 2 months later bank counters offer at 220k WTH???? This is totally unethical and bait an...
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Hello BP,
I have stumbled across a prime piece of commercial land that would be profitable to develop as multifamily apartments or retail space. It is the last commercial land available in the middle of a booming sma...