My father-in-law is a builder and is helping us get started in the business. He mentioned that we could, especially starting out, probably build a house cheaper than he could because he doesn't have time to shop aroun...
For a rental in a lower income area with a higher crime rate and higher rate of eviction should I estimate higher vacancy, maintenance and/or CAPEX?
I have mostly invested in small multifamily residential buildings 5-20 units. Typically used 45-55% of rental income as expenses (mortgage) when doing my quick & dirty math.I’m now considering single family & ...
Hi BP,What are some ways you keep expenses low in an office/retail building? I have heard updating the lighting to led is a huge savings on electric bill. It’s a 1930’s building w retail on bottom floor(they pay utili...
Hi Everyone! I've seen a few posts on people who have created wholesaling partnerships, to reduce costs and still get direct mail out. I'm doing 2-3 deals per month off of the MLS and bandit signs, but want to partne...
One thing I learned is turning over units can be very costly. A quick way to keep expenses low is to have tenants stay in the unit rather than move out when their lease is up. What are some ways to prevent tenants lea...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $199,000
Cash invested: $15,000
Sale price: $360,000
Bought as a house hack and rented out 3 of the bedrooms. S...
Does anybody have any hard data they have compiled for expenses/vacancy/management of low-income vs. higher end rentals? I know the rule of thumb around here is 50%, but it seems that low-income is probably highe...
Hi everyone,I am looking to start purchasing houses to rent in the near future and, currently, I am considering purchasing in Louisville, KY and wanted some feedback on the type of property to invest in.I was wonderin...