All Forum Posts by: Stephanie Cessna

I am analyzing a property that came out as have a $918 /mo cash flow and a 25.63% CoCRoi. But this is when I used the BP insights calculator and had rent estimated at $1200 per unit (this was already using the lowest estimate). The current tenants are paying $650/month with a 10 month lease and $550/month for a month to month lease. Would I have to keep the existing contract for the 10 month lease? These rents seem super low compared to what the BP insights says I can get but is this not an accurate rent estimator? Any advice?? 

Thanks! To clarify, does "in business" mean that I have formed a business through an LLC, etc. or that I have made profits from said business?

I am brand new to the investing game and have been working on developing systems and educating myself as much as I can while I am actively seeking out rental properties. I have yet to form a sole proprietorship or an LLC and I was waiting until I actually had something to protect. But does it make sense to form one now so that I can write off all of the money that I'm spending on education and developing systems?? Thanks in advance for any advice!

My realtor and I have a mutual friend who needs to sell her house and also the lot next to it. I'm trying to think of all possible options and I thought about subject to's. Do realtors ever help with subject to's and could I pay my realtor a fee to help me draw up the contracts? Is this something that would even make sense or be worth it to her? I realize this questions could be completely crazy so please be easy one me... I'm a newbie and I'm still trying to learn all of this.

I am analyzing a HUD property that is open for bidding tomorrow. First off, are HUD's even worth investigating? This one would need a massive overhaul--a complete rehab. When I analyze it as a BRRRR, the investment is negative cash flow, but when I analyze it as a fix and flip, it could be profitable. I'm new to all of this and I know I have a lot to learn when analyzing deals. Is this possible for it to be profitable using one strategy but a bad deal using another?

HI! My name is Stephanie and I am a new investor located in Granbury, TX. I have been an RN for 12 years and never thought that I would be interested in real estate investing, but here I am! I am married and have 3 beautiful kids. My husband builds houses and he has told me that if I can find a house to rehab, he will do the rest :) But finding that house has felt a bit overwhelming. Does anyone have favorite resources for finding good deals?  I have been listening to BP podcasts and webinars for a few months now and I am excited to start taking action toward my first deal. I am still learning how to systemize my process for finding deals and analyzing them. I have created a facebook ad campaign, but haven't found any leads through that avenue yet. I have loved bigger pockets for all of the great resources and the networking ability found here. I hope to meet more like minded people and continue learning all that I can about investing and creating a legacy and generational wealth for my family.

I am wanting to broaden my scope when searching for rentals. I have found a duplex on the MLS that is not within driving distance. It looks like a really great deal ($800 cash flow before repair costs...), but there are no pictures of the inside and I'm not sure how to go about seeing the inside. What is the best way to see this property and analyze it from afar? Thank you for any advice!

Being a novice, I am very interested and see the value in finding a mentor. I know that going to your local REI is a good resource, but during these times, my local REI isn't meeting in person and it feels harder to network and meet people... I have seen a lot of mentors selling their services on facebook and other social media platforms. Is this a good option? I don't know what a good mentor would cost and wonder how much is too much?

Thank you so much for all of the advice!

Help! There is a house on the MLS that I would like to analyze as an Airbnb. It states that it has already been a profitable Air bnb for the past year and the price seems good, but I am unfamiliar on how to analyze a property for an airbnb. Are airbnb's worth it? Would it be better for me to analyze it as a rental? Any tips on where to start?