Kristi K.
Paying points for a Loan
We are in the process of getting another DSCR loan. What do you all think are the pro's and con's of a 5 yr ppp in the mid 5% range vs 3 yr ppp in the mid 6% range. I'm getting mixed signals about paying pts from lend...
Samantha Klein
Two weeks in & already problems
I just bought a 4/1 single family house last month, rehabbed and put tenants in. The tenants looked good on paper, made 3x the rent ect so they screened well. They moved in April 23rd and I receive a text this morning...
Kevin Koenig
Is the Dream Dead?
I scrimped and saved since college with a low/middle income job and I finally got into a condo in 2020 at a 3.25% rate in Southern California. Fully remodeled it myself for about, I think, all in 12k. I got rid of the...
Michael B.
A Call for Inspiration: Share Your Overall Success
Hi BP. I find that the success of others inspires me and sheds light on what's possible. I have my why for wanting to create wealth... giving, family, travel, etc. and I assume others have their why as well.I would li...
Christopher Tom
Buying a home with an ex to pass on to our children
Hello, so I've been talking with my kids mom about purchasing a home, with the intent on passing it down to our children. I'm not sure if this is a thing that people do, but I figured that I would ask. Would we just...
Tony Leighty
RE Investment Nay Sayers
Hi Gang,I wanted to get everyone's take on this. I'm not one to generally take to heart what other people say that are either a) not in my shoes or b) don't have words of wisdom from prior experience but I've been ru...
Rob White
Depreciation
I always thought of depreciation as 27.5 years following the date the building was constructed. I was in discussion with a friend and we couldn’t definitively say if it was 27.5 years from construction or if it res...
Alex Silang
Classifying deferred maintenance as "repairs" or "initial cost"
I bought my first property a few months ago. There was a lot of deferred maintenance which ended up adding up to about 15% of what put in as a downpayment. Fortunately, the property is currently cashflowing nicely. In...
David Nolan
Introduction
Hello, my name is David and I live in beautiful Brisbane, Australia. I am a professional property investor and licensed real estate agent with a passion for property deals. Over the last 33 years or so I have been inv...
John Barr
What is a good CapEx percentage?
What is a good percentage to pull from the cash flow in a rental property?Say you have a house that is 1,700 sqft rental property that was built in 1975. The property just underwent a 50K renovation (foundation, roof,...