I am looking to get some input on this topic as I have not seen much on it. So first off, I am a newbie but have been learning, reading and listening to podcasts for about a year now. I am currently in the process of ...
Hey everybody,
So my brother and I inherited my grandmothers house about a year ago and now are renting it out. The house is paid in full, so everything after taxes and insurance is cash flow, which is great. I howe...
Hi all,I spent the past 6 months building and decorating an AirBnB apartment in my basement, and the third guests smoked meth in the unit. :/ It is a long story of how we figured it out, but essentially bags over th...
Dear Community,
I recently purchased a house at auction in Tacoma, WA. The property includes a small house with a detached garage, offering significant potential. However, a challenging situation has arisen: the prev...
Hi BP. I don't post a whole lot but find the BP forums to be very informative so just looking for feedback or advice. Long story short, decided to not renew a 2.5 year tenant that paid the rent,kept pretty much to hi...
I just purchased a two unit rental and have been told by other landlords that it’s best to have all the utilities separate so each tenant pays their own, which I agree with. The way this property is set up is there i...
Currently reading Brandon Turner’s book on Rental Property Management. Wanting to manage my first rental myself, budgeting in management so that I can outsource it in the future. In regards to book keeping, what are s...
Hello,
What is everyone's thoughts on using cash vs HML (9-12% with 2-3 points)?
Much easier to make cash deals work (from acquiring properties easier to having a lot more room for margin).
Seems like you are doi...
Hi guys,So I hear often (Robert Kiyosaki, Trump, other rich etc) pay zero taxes legally.Lets say Kiyosaki's business "Rich Dad, poor dad, educational LLC" made 100K.The same LLC went and bought a rental house for 100K...
Greetings! We have a piece of property in a tourist place. Someone built a tiny house and is renting it out on Airbnb. I can't seem to find anything online that gives examples of agreements that people who "arbitrage"...