Kenneth Arafat
1% Rule Questions
Now let's say I find a triplex that covers the 1% rule but combined cash flow from all 3 doors is roughly $150-$200 or would you want to keep it at $150-$200 cash flow per door with the 1% rule applying?
Katie Flynn
HELOC on Investment Property (NY)
Hello!
My primary residence is an apartment I rent in Brooklyn NY. I have an LLC which holds a 505k mortgage on a house in the Hudson Valley that I currently rent out on Airbnb. I would like to make some updates to t...
Noyessie Hubert
Tenant not paid rent, step for eviction
Hi,I accepted a tenant at the beginning of December. Here security deposit and most of the first month's rent are supposed to be paid by NJ Victims of Crimes.Fast forward now:- she did not pay her rent of January. Kee...
Damien Davis
Build to Rent
Hello BP Community,
I'm a rookie investor, only have one deal under my belt (Long term rental) and it's been treating me very well. As I take in as much content as possible from listening to the Rookie Real Estate pod...
Mergim Kacija
HOA fined me $12,000 for allegedly short-term renting my condo (Chicago)
Hello BP Community,I've been accused of short-term renting my unit (which I have not) and was fined $12,000. Furthermore, the building's bylaws have a 25% rental cap, and my unit is NOT approved, yet I informed them t...
William Allen
Military Pilot to Million Dollar Wholesale Operation in 3.5 Years
I was recently reminded of a post @Arianne L. did on her success in real estate and when I went to that post again I saw how many people had been affected by it, so inspiring! Then I just happened to look at how many...
Christopher Munson
Tenant not paying rent prior to move out
I have a long term tenant in a SFH at $1766/mo that I contacted on November 8 to provide notice they would need to purchase the house or vacate by Feb 1. They were very interested in purchasing, and I gave him my mort...
Kyle Lauriano
Seeking a Large Multi-Family Apartment Deal, Yet Don't Have Much
All,I am interested in going into a large deal (16+ units) opposed to a small MFA deal. How can a young, eager minded individual like myself get into these market deals when my capital is less than 100k? Is this even ...
Joe Johnson
Rent or Sell within 2/5's rule
Greetings,First post here. Just discovered the podcast and have been devouring episodes! My current situation is this: Purchased a 1450 sqft 3/2 single story cul de sac greenbelt house in Pflugerville in late '09. ...
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...