I've owned a small rental property for 18 months now. One of the units is occupied by a low income family: two parents and their two teenage children. These tenants were in place when I purchased the property, and I k...
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So I am just starting out here and in the process of educating myself. I think the BRRR method is great; but, I don't have the resources set up to execute this strategy (yet). I also make decent money and really nee...
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I just met with Jake regarding joining the new BP Property Manager finder/connection tool. I consider myself small potatoes in terms of property management: I just got my first two units in March and I am technically ...
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I'm curious about people's experience with property management fees for mid-term rentals? Typical property management fees for long-term rentals are anywhere between 6-12% of rental income while fees for short-term r...
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Can someone give me a general answer to the following situation.
Let's say I buy a duplex for $100k and I give you an option to buy it for 20 years.
As option money you give me $20k. I purchase it with a 15 year ful...
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I have a question that I cant seem to get answered just right from my broker. A search has turned up nada here too. Lets say I make 50k/year and have an IRA also at 50k just to keep it simple. If I do nothing I pay ta...
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My checkbook IRA owns a rental property. The rental income just sits there in a non-interest bearing account until I invest in something. This bugs me. I am currently self-managing the property but I'm considering swi...
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I'm studying for my Broker's license and I came across something very interesting. Apparently, if someone is delinquent on their taxes, the property goes to a Tax Sale where the highest bidder (above taxes owed) gets ...
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I've been happy with the service of the 1031 exchange intermediary I've used in the past. I recently contacted them about doing another simple 1 to 1 exchange and the fee is about $1,000.Now I see there are companies ...
Hi everyone,
I'm pursuing a deal on a mixed-use building in a prime location. Purchase price is 1 million. Seller purchased 3 years ago for $825,000. The first floor is a commercial space housing a pizza shop that gr...