Jose N.
Investing in Detroit for rental properties
I've been researching Detroit for the past several months to add to my existing portfolio. The numbers make sense, for example $70k homes getting $900ish a month in rent, etc. But is the population still going down in...
Tommy Nguyen
Opinions Needed: Inheriting Tenants
Hello BiggerPockets community,
Background: I am closing on a duplex soon. During the inspection, I met all the tenants. At first glance, they seem nice and reasonable. I will rehab the property and accommodate to the...
Sergio Serra
Seeking Advice: Relocating to Palo Alto - Keep or Sell My Irvine Property?
Dear friends,
I have been a part of this community for many years, and it's thanks to your support that I gained the confidence to purchase my first house exactly two years ago (on October 1st). Now, I'm facing a dec...
John McDermon
Insurance Deductible for Single Family Rentals?
Obviously everyone's risk tolerance will be different, but deductible amount are most people using on their single family rental units ($500, $1000, $2000, something else). I'm talking about under $100k mid-west or so...
Yaya Y.
FHLB V LIBOR rates? PROS/CONS
I would like to know everyone's opinions on the scenario below.You want to get a mortgage for 650k, one bank quotes you with an interest rate of x basis points over the FHLB 5 year rate, and the other bank's rate is ...
Mike R.
Using the BRRRR method with tenant-occupied properties
Hi all,Can the BRRRR technique work with multi-family buildings that are already occupied by tenants? If so, what does that look like in practice? Or does this method only work with vacant properties? I find that most...
Gary Alford
Help analyzing this 6 unit apartment building
Hey guys,I am looking at this 6 unit apartment building here in Norfolk, VA and just want to see what you guys think of these numbers. I wouldn't say she is super motivated but it still seems like this could be a pret...
Account Closed
Garage Vs. Master Bedroom
Hello, I would like to begin by saying this is my first post in a BP forum! I am very excited to learn about the community and engage in discussion with other investors. My question is, should I or should I not conv...
Kim T.
raising rents when you are below market
My rental condo is located in a very competitive rental market, just outside San Francisco, Ca. The town, Albany, does niot have rent control. I have an easy time finding tenants with no vacancy time between them, an...
Steve Sapowsky
Commercial loan with bad credit
Will a bank lend to someone with low credit for a duplex that cash flows? I can come up with the 20% down but that means not paying down my debt and therefore continuing to have credit in the low 600s. Any creative su...