Barney Davis
What’s the point in a lease?
I have a tenant that signed a two year lease and is wanting out after the first year due to a pregnant wife. I discounted the rent from $1400 to $1350 if they signed a two year lease. I have a $1350 deposit. This happ...
Nick Louie
Househacking in the mean streets of Fordham, Bronx worth it?
Hi BPs Community,I'm looking to house hack with FHA 3.5% in NYC. Obviously, with PMI, house hacking with 3.5% in Brooklyn or Queens most likely means I won't cash flow until I pay off 20% of the mortgage + move out in...
Victoria Cocklin
First time posting! Would love some creative suggestions
Hi everybody,I co-signed a flat in 2020 with my daughter. Now after living there for a short time she is realizing how this home does not suit her life for a variety of reasons. So, she is looking to move. There is...
Rik Hunter
Mid-term rental start-up costs
We're converting a long-term rental to a mid-term rental. It's our first go at this, and I'm being conservative with my numbers, like expecting as much as 3 months vacancy and including that in the cashflow calculatio...
John Dersoe
Pay off mortgage or invest?
I am in process of selling in NY. After mtg paid, commission, taxes, cap gains, etc.. I'll have +/-425k left over. My new 30yr mortgage in Tampa is 1600 a month. 324k total. My monthly income is around 8k.. BUT, my bi...
Jimmy Dang
Wichita Kansas Investors
All Wichita investors,I came to the realization that I have not lived in Wichita for nearly 10 years. What changes do you see happening? what are the problem neighborhoods? what is something that is going on in the ci...
Tina Kouchinsky
STR vs LTR - How do you decide?
My husband and I are purchasing our first investment house, which we plan to rent out immediately. Trying to understand the best route for us just getting into the game....STR vs LTR. We do not live in the city that t...
Paul Winka
Why is cap rate normally reserved for commercial REI?
Why is the cap rate normally reserved for commercial real estate investing? Do I look like I don't know what I am talking about if I market a SFR or duplex and mention its cap rate?
Rebecca Coxson
How to deny applicant due to low income
We are first time landlords. Our first application came in for our rental, but after taxes their total income is barely 2x the rent, where we require 3x rent. What is the proper way to deny them? Do I have to send an ...
Collin Hays
Government-sponsored extortion, Sevier County style
Recently, Sevier County TN commissioners voted to require a "permit" for all short-term rentals in the county, "to ensure that all short-term rental units in Sevier County meet minimum safety standards." Of course, t...