Jonathan Dempsey
Instances worthy of Prorated Rent
Hello BP Community,
I have an interesting scenario to throw at you.
A tenant moved in on the 28th of April, and there was an issue with the HVAC system.
The lease did not start until April 30 at noon (I let the...
Out-of-state investing is a great option if you’re looking to venture beyond your backyard, but finding the perfect market can be a challenge. Not to worry—our hosts have been in your shoes before and are here to help...
Willow Baum
What Precautions Can a Landlord Take to Protect Themselves against the instance a Tenant-occupied Property Becomes Uninhabitable Due to a Costly Repair that Far Outpaces Annual Rental Income?
Let's say a sewer system for a single-family, low-income rental house in an economically depressed area of NY State, dies. Let's say the hypothetical repair costs $20,000, and monthly rents are $750. Let's say, for c...
Financial trauma is an extremely common roadblock on the journey to financial freedom. In fact, most people deal with this issue on some level, even if they aren’t aware of it. Whether your trauma patterns stem from y...
Jay B.
How to buy Bankruptcy , Pre Foreclosure, Foreclosure Listings Etc
Hi, BP Folks. We seem to have hit a wall. And needing advice on finding deals. I've been buying SFR rentals for a few years now. ( 4 currently 3 of which i found myself) and dealt with the owner directly. Things have...
Levi Dobson
What is the Perfect Layout for Room by Room House Hack?
I am looking into purchasing my second house hack and was wondering if any pro house hackers out there have a preferred layout with room by room house hacking.
John Perry
Bid On House Subject to 1st mortgage... Advice Needed (Ohio)
I bid on what turned out to be a a 2nd mortgage in Ohio. The house is worth around $300k. I paid 258K at auction. Looking through the court records I can see that the 2nd mortgage was awarded ~100k. There are around ~...
Daniel Torres
Understanding the Private investor side
Hello everyone,
My name is Daniel, and I recently left my job as a fraud analyst at a financial institution in March to pursue a real estate investment journey with my wife. In my previous role, I encountered numerou...
Nick M.
Buildings: CapEx in Debt Service Coverage Ratio
Hi guys,Lenders have strict DSCR requirements. For instance coming in at a rate of 1.3 per year. I bring this up because during the initial years of building ownership, to improve long term cashflow a building owner ...
Devin James
Successful People Take Action
The Richest Man in Babylon by George Samuel Clason: “To attract goodluck to oneself, it is necessary to take advantage of opportunities” “Men of action are favored by the goodness of good luck”One of the most importan...