Got my first house under contract. One thing I'm doing in my due diligence is deciding how much to invest in rehab. Seems like a potential good rental to keep.Purchase: 140k (3BR/2BA, 1550 sq ft w/2 car garage, Founta...
My condo in Michigan is 20 years old, in great shape and paid for. It would sell for $225+ The HOA is $162 with a great association. If I don’t Homestead, taxes are $3500 per year. I am thinking of leaving it furni...
What is the best way to track rents? Is there a program that tracks direct deposits or automatic withdraws so that if someone doesn't make their payment we get notified? We have several single family homes, but now ha...
How do you all advertise a house-hack property for rent? What do you call it? Say it's a duplex - do you say: "house for rent"? "apartment for rent"? "duplex for rent"? <g>And what about a duplex that has o...
Hello--
I am trying to break into real estate investing and feel that I have a small yet profitable opportunity basically in my backyard. My neighbor has a guest house that he has not taken care of and they currently...
Hi BP,
It has been an exciting year but also a painful one. I finally bought my first investment property and put a some funds into to create a granny flat studio. Unforeseen because mostly lack of experience and it’s...
Hi all. First post after listening with a question.Wife and I are planning to rent a 2 bedroom as we now have 2 kids. We are living in a one bedroom condo w/ a mortgage on it. Obviously because I'm on these forums I w...
Hey there smart people,
So, I am starting with my real estate investor career recently and I came across this one question for which I'm getting biased answers. So, here is my question: Why would people choose to ren...
Hi BP,Was brainstorming on how to go about purchasing my first property and stumbled upon a nice duplex recently fully rehabbed and both units rented out going for lets say 100k list price. So my question is, if I use...
I suppose the bottom line in renting to family is whether or not I trust them. If a family member owes me money now and keeps on coming up with a reason why they can't pay, what makes me think they will pay rent on ti...