Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Investor Mindset
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 11 years ago,

Account Closed
  • Homeowner
  • Greene, NY
2
Votes |
9
Posts

I NEED A MENTOR! Reorganizing my current investment but don't want deals to pass me by.

Account Closed
  • Homeowner
  • Greene, NY
Posted

I currently own a 3 unit multifamily home and undergoing a complete reorganization; new leases, new tennant application process and paperwork, and rehabbing. I found that all of this was necessary after crunching the numbers and realizing how much energy I was losing, for example, by not training my tenants or hiring the plumber that would have saved me days of anguish. I have finally learned my lesson...The hard way. I still need a lot more help to "get out of the woods" so to speak.

I am not profiting on these rentals. They are single and double bedroom apartments; not suited well for a working single permanent situation. The single bedrooms are smaller without washer/dryer hookups and other amenities that attract long term tenants.

I bought this home from a family member (bad idea in my book), and I was uneducated about home values. To make a long story short... I dont believe there is a whole lot of equity in the home to refinance (already spoke with a bank). Perhaps I should sell the property? And buy a better investment? Or keep it and keep pouring money into it, maybe someday I will have positive cash flow? I would like to flip homes at this point in my life, and accrue enough capital to purchase and hold investment properties to help my retirement. I just want to know if I'm taking the safest and smartest steps.

Can bird dogging be lucrative? I see properties around that would make someone rich, (If i had the cash to fix and flip it would be me getting rich). Do people make a living bird dogging?

I want real estate investing to be a full time job for me. So many questions....so little time.

Loading replies...