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We're going on 3 properties, and I'm wondering where others store their reserves for their rental properties? My general rule of thumb was 6 months of PITI, which I have in a savings account. As we go to 3 properties,...
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Any experience in these type of units? Retail or office space below, apartment above. Units are fairly new built in 2006. Apartments are rented but the retail space below are vacant. Great location but not sure about ...
recently I’ve had some problems with a current renter of mine leading me to want to serve them an eviction notice of 30 days since their lease is month to month. I realized that I may have made a mistake on my LBP di...
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I just had a guest check in and the ceiling fan blade (less than a month old) fell off and hit him in the head (no injuries or anything) but they would like me to come take a look at it. I live close and that’s not a...
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I've been chained to my couch today perusing all kinds of posts here, and it got me thinking about my recent closings. Someone may find these lessons useful:
1. I refinanced a duplex in April with a new mortg...
Hi BP,
I recently purchased a 4 bed 3 bath house and have turned it into a duplex. The downstairs is 2 bed 1 bath and has been rented out to one person, while the upstairs is 2 bed 2 bath and has two people living in...
Hi BP,
I recently purchased a 4 bed 3 bath house and have turned it into a duplex. The downstairs is 2 bed 1 bath and has been rented out to one person, while the upstairs is 2 bed 2 bath and has two people living in...
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Hey BP, quick question about financing loan amount. My loan is 80% LTV of the purchase plus rehab net. I wanted to know if it was normal to increase the amount requested for the rehab to pay for any unexpected expense...
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Ok, so as the day approaches where I take all my research and finally start making offers, I have been putting together my team for my BRRRR goals. Everyone is at the starting line except my investment-friendly agent....
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With Waco’s tourism growth thanks to Magnolia Market, how do short-term rentals affect the local RE market?