Hi BP Community! I work with a lot of residential care founders, and one of the biggest questions that comes up early on is choosing between starting with an unlicensed/independent living model vs. jumping straight into fully licensed residential assisted living (RAL). A few key differences new i...
Hey everyone! I work in property management in Beaufort, SC, and I’ve noticed every investor has a different deal-breaker when deciding if a long-term rental will work for them. Some need cash flow from day one. Others are fine breaking even and betting on appreciation. When you’re looking at a p...
I’m curious to know if there are others in the BP community who have experience with recovery housing as a real estate strategy. I’ve spent the last several years working on the development side of sober living homes, and I’ve found it to be a fascinating intersection of real estate, social impac...
I came across a property that would be perfect for a group home, community residence, assisted care, ect. or similar type of property but don't want to actually run it. Another option is to master lease it to a group home operator but I don't know what that process looks like or how reasonable th...
Hey everyone, I am in north Houston and looking to connect with other real estate investors! I own one rental and looking to raise capital and expand my portfolio. I have plenty of time to put into finding deals and doing the legwork but could use some help properly analyzing the deal and putting...
I've been investing for 13 years now. I have done everything from wholesaling, to flips, to land development. I don't do a lot of 'creative' type of deals. My DD process skimmed through the buying stage like I was an expert in novations. We still made out, but, it could have been better. It's eas...
Converting a two-car garage into a primary suite or an extra living room is one of the easiest ways on paper to bump a 3/2, 1,400 sq ft home into a 4/3 with 1,800+ sq ft. On your underwriting spreadsheet, the forced equity math looks incredible: you pick up 400 square feet of heated and cooled li...
Hi BP Have a 10 unit apartment in Memphis & thinking about doing 1031 into SFRs. Anyone done this & what is process/problems, financing, etc?
We have a current rental that a family member is interested in purchasing. Bought in '24 for $95, current value $160K. One thought is to sell home at the price we paid, saving transfer tax and helping to eliminate increased tax assessment which would benefit buyer. It would benefit seller in capi...
We have a rented property in Texas purchased Sub2, with the loan remaining under the original sellers' names. The mortgage company sent the sellers an Occupancy Certification letter asking the borrower to confirm within 30 days that the home is still their primary residence. Has anyone received a...
Rob here, a Louisville agent who works mostly with investors. I think the novation is the most underrated tool in the toolbox, because it's the one strategy where every side gets what they actually want and nobody needs a discount. The seller gets their number. The buyer gets a clean, move-in-rea...
Hello gang. This little gem in Alabama just fell in my lap. A seller is looking to get out of their house ASAP. The mortgage is 4.8%, $50k left on the note, seller wants $25k and to be free of the place. I'm new to this and have read up on Subject-to, Assuming loan, hard money, etc. My thought is...
How to Make REAL Money in Real Estate We all (well many of us) know, or at least suspect that CREATIVITY is the key to real estate wealth, but WHAT does that mean? To me, it means being able to RECOGNIZE an opportunity to earn a substantial profit, understand the level of associated risk, and hav...
Hello everyone. First time poster and long time fence sitter. I recently bought a SF and have this ball rolling. I am currently attacking a market with my agent and I am seeing some great fits for my buy box. Two opportunities have come my way in a market that is incredibly aggressive. If the pro...
Here’s my advice nobody wants to hear If your business/investing consists of buying houses from homeowners in any shape or form, such as wholesaling, novation, double closing, etc. GET OUT OF THE BUSINESS, and develop a new business model. For the new business model you have two choices - either ...
A worry I hear a lot from people looking at residential assisted living: they assume a small operator can’t compete with the large companies. I think that’s backwards, and I’d like to hear where I’m wrong. Large facilities are built around volume. That makes the feeling of home hard for them to d...
Before you need funding, ask: •Can I cover 90 days of operating expenses? •Do I know my true monthly cash flow? •Am I relying too heavily on one revenue source? •Would access to capital help me grow or just survive? Funding isn’t only for emergencies. Used strategically, it can help you hire, buy...
A lot of people coming from real estate assume you have to be a nurse to run a residential assisted living home. In the two states I looked at, that isn't the requirement. What each state does ask of the person running the home is different, and it matters if you plan to be hands-off. Full disclo...
Managing rental properties involves more than collecting rent. A surprising amount of time can disappear into repetitive tasks like: Responding to rental inquiries Pre-screening prospective tenants Scheduling showings Following up on incomplete applications Answering routine tenant questions Rout...
Hello, our house is paid off and recently I came across an HEI (Home Equity Investment) from e.g. https://point.com/ In short, a company gives us about $100,000.00 for up to 30 years and uses our house as collateral or safety. So, we don't have to pay any monthly interests or fees etc. The way th...
The 4 numbers that decide every deal I buy in Memphis I run every single-family deal through the same 4 numbers before I make an offer: 1. Purchase + rehab — my all-in cost. I buy under $100K and rehab to force equity. 2. ARV — verified with 3+ sold comps in the same ZIP, never Zillow. 3. Monthly...
I got $20k to put down. What is my best strategy for the biggest ROI?
Did you know that zoning boards can't just say no to a group home because neighbors complain, but the protection people lean on for that is narrower than most operators think, and I see it get misused in both directions. The Fair Housing Act, 42 U.S.C. § 3604(f)(3)(B), requires reasonable accommo...
Every Notice of Default in my county is public the day it records. I started to pull them daily. So are these owners the best leads in real estate, or the most over-mailed people in the county? I'm a licensed agent in a small Northern California county, and I haven't contacted a single NOD owner ...
Hey everyone, my name is Shaun. I’m newer to real estate investing and could really use some advice from investors with more experience. I recently purchased a property through a wholesaler in Indianapolis in the 46221 ZIP code. The property was marketed as a row house with D-3 multifamily zoning...