All Forum Posts by: Brandon Pearl

I could use some experienced advice. 

I purchased my first single family home two years ago in Vancouver, WA USA FOR 350k it has since appreciated to a value of ~450k. Its a great starter home built in 2017. The only downfall is the neighbors…they moved in and turned out to be massive hoarders. I currently have the house on the market, we started out at 460k and have since dropped the price twice with no offers. Everyone interested says the neighbors are the turn off. The house has been on the market just over 30 days. The problem I have is that I need to move to Boise, ID for work ASAP. My plan was to sell and use the profits to house hack a duplex, but unless I can sell the house for a solid profit I won’t be able to afford the down payment on a duplex. 

I've been doing research and talking to real estate professionals about my options and the possibility of keeping the property and using the HELOC to fund a down payment on a multi unit property in Boise while keeping the single family in WA as a long term rental.

I have zero experience with HELOC's but I'm not sure what my best possible option might be.

Any advice you guys can provide is appreciated! 

Hey guys, I am relatively new to the game when it comes to REI and I am currently practicing analyzing deals but I could use some guidance when it comes to understanding what a good cap rate is. I understand that Cap Rate is the rate of return an investor can expect from their real estate properties, calculated by dividing the income by the market value, but what is a minimum I should be looking for? I like how Brandon Turner explains CoC ROI as a base hit (8%) and a homerun (12+%)...does this also apply to Cap Rate?

Hey BP friends, I need some advice. I am looking to purchase my first small multi-family, but I need to raise some cash for a down payment. My question is, what have you done in the past to raise funds for a deal such as a small multi-family? What conversations are you having with possible partners? and what do you offer them?

Thanks in advance for all of the help! 

I am a relatively new real estate investor (purchased my first single-family last year and I am currently house hacking it) but I am looking to expand my portfolio. My current plan is to invest in buy and hold homes that can be used as short-term rentals. I have great credit, but I lack the cash to purchase my next property. What is the best path that I can take that will complement my current strategy? Thanks in advance for the advice! 

Hey guys, I am hoping that I can get some insight from professionals like you! I am just starting out in my real estate investing journey (currently house hacking a single-family) with plans to purchase long-distance properties to buy and hold as short-term rentals. My W-2 job is in digital marketing, so I like to think that I am pretty tech-savvy, I have experience in building/managing websites and I know my way around digital advertising such as SEO and social ads. Should I build out a website for my business? Are there a lot of advantages to having a website for real estate investing? What are some possible obstacles I could run into? Thanks in advance for the insight!

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I am looking to get into real estate investing. 

I am 25 years old and I purchased my first home last year with the intent of living there for a year, saving up, and ultimately moving out to make the property a rental. I am not sure what to do now because I can't get another loan from my lender to buy another property and repeat the process...I know there are options out there I just can't seem to find them. If you can help me out I would appreciate any knowledge I can get!

Also, I have been entertaining the idea of using my property as an AIR BNB rather than a long-term rental...any thoughts on this? 

Thank you!