My father has a reverse mortgage on his home. I don't know much about them.The home is in relatively good shape but there is some definite deferred maintenance needed like a kitchen/bathroom remodel, removing the wall...
This isn't a question. This is just a rant.I own apt buildings in bad neighborhoods. I am often victim to prospective tenants who no call no show. I managed to schedule 6 back to back showings yesterday afternoon. ...
Hi BP Family,I have a very pressing situation that I'm facing right now with one of my tenants. The tenant is section 8, and all the rent comes from their voucher, they don't pay anything themselves. We inherited them...
Not even a full moon and my short term tenants in both houses left me messes. First guest: In my pool house, I now have pink speckles decorating the walls and ceiling of the kids' bedroom, walls in the rest of the h...
Of course when you become licensed initially there are so many to-do lists and articles to read about what you should do first, it can become very overwhelming quickly. A topic of discussion I have seen on a lot of th...
So the government mandated lower flow toilets in 1994. It took until about 2005 before manufacturers figured out how to do this without making toilets that clog all the time. I have lived in a townhouse built in 1998...
Hey BP, I’m in a bit of a situation and I know the route I’m going to take. Just wanted to see other solutions and see what people have done in this situation exactly. I was contacted by a homeowner after I sent out a...
If I bought a property for 40k, ( purchase and rehab), and my Noi is 8k, my cap rate is 20%
Question? If property value increases to 120k after 5 years, and my Noi is the same 8k, does my cap rate drop to 6 %? Is c...
I was talking to a landlord who is thinking about selling her rental property in San Antonio, TX. We were talking about capital gains taxes that she will have to pay when selling her rental. The rental is worth about ...
Hello all!I've been working on the "next generation" of mobile homes using tiny houses. Even though small living is not new and mobile living structures are not new, tiny houses create some confusion with cities and c...