Looking to start purchasing homes for buy and hold rentals, I'll probably do a cash out re-fi on my primary residence. Does it make more sense to cash out and rent my current home to a tenant, or use the cash out and ...
Simplify the Process
If you want to spend less time arguing with renters over timely payments, make paying the rent as convenient as possible. Offer online payment options, or, better yet, automatic ACH debits from a...
Newbie investor here.I've read that I can deduct depreciation from my expenses.... What other non-cash expenses can I take out? A maintenance reserve? A vacancy reserve? Or is this not allowed?Also, I know I can deduc...
I'd love to hear what are the best ways to estimate rental rates. I use Rentometer and Craigslist.Rentometer.com seems pretty good for a first pass at rates. It gives you a good idea of rates based on sqft, neighborho...
I have a SFH built in 1998, 4 bed, 2 bath, 3 car garage, single story in excellent condition in Antelope, CA. I owe $140K (Originally paid $175K in 2011) the ballpark market value right now is $420K ($280K spread). My...
Hi all,We have purchased a 4plex in Louisville, KY on a 20 year note adjustable after 5 years. We have a basement and I believe we can legally, and totally within our current zoning, add a 5th unit in the basement. M...
Is it true that in Illinois buyer can back back out of a contract in 5 business days of signing for any reasons? Are there any exclusions?
Hi, We are in the process of selling two of our duplex properties in Minneapolis. Are there certain measurements or (industry rules) we can use to determine the minimum price we should list our properties to ensure th...
Greetings BP Community!My name is Alex Thompson and I am from Marietta, GA. I graduated from Tuskegee University with a B.S. in Aerospace Science Engineering in 2016. I relocated back to the Atlanta area in September ...
So I bought a duplex (just one side) for about $44k including repairs and closing costs and all using my HELOC. My plan was to refinance it with a conventional type of loan and use my HELOC to buy more. But almost a...