Daniel Lozowy
Estimating expenses, advice needed
When you estimate expense on an apartment building, I know it's recommended to go with 50% of the gross income. But what about areas where rents are very high? What's the best way to be accurate and conservative at th...
Curtis H.
What would you do?
Home listed for $500K (Total beater in great area)On market for over a month so clearly they aren't getting near that number2/1 900sfNeeds complete gut job and possible addition of bathroom and bedroom on same levelSo...
Satish Vittalam
Mortgage on a rental property
I have a home that I will be leasing shortly (that I was staying.. Moving out for job reasons). I pay around $2,500 per month on a 15 year and may have another 10 years before it will be paid off. The amount I pay in...
Scott Nguyen
Start a LLC for each property
I received advice about starting an LLC for every property I buy. I understand it's to protect me from liability and such, but is worth going through the process for each property?Would it be a better idea to start an...
Will Sledge
Providing Washer and Dryer
Do any of you provide a washer and dryer for your tenant? I close on my first rental house in a month. I am budgeting for the renovations. I already have to replace the washing machine. Should I buy a washer and dryer...
David Friedman
New Construction - Mixed Use - Obtaining Financing?
Hello BP,I am new to the game of developing. By new, I mean I have never developed a property in my life! I am wondering what the best way to get financing for my first project would be. I currently own the land that ...
Liliana Quilici
Portland, OR- is it worth converting single family to duplex?
Hi all-New to the forum here and never posted- hope I’m doing this in the right spot. I’d love to get a duplex in Portland - hack it out and live in half the unit. I’d be a first time homeowner so I’d like to use a FH...
Kevin Cobb
Help Transferring a Property - Estate Medicade
Hello Bigger Pockets,I have a dilemma regarding the transfer of a property from an elderly friend of the family to me. This lady is 90 years old and now lives in a nursing home. At present she still has assets and I p...
Account Closed
Most common ways thieves break into a house under rehab?
Hello everyone,I just got a call from my contractor some thieves broke into my rehab and they stole some copper from the main line in the basement. What are some suggestions/security measures you take to prevent this ...
Brian Nguyen
Is INLAND EMPIRE CA a good area to invest for a rental home ?
I was wondering if Inland empire is a good area to purchase a home for a rental ? I’m a newbie in REI by the way ! If not inland empire, which area of California is good ? Thank you