
6 March 2016 | 6 replies
One of his coworkers in his office can help you, and they will work something out with the commission behind the scenes.

8 March 2016 | 6 replies
I value my agent's honest and unbiased opinion, negotiating skills, etc, and he is worth that cost if that's what it takes to get his 100% unbiased opinion on a property that happens to be a fsbo.Inflate the sales price 2.5%-3% (meaning I get that much less when I sell) or write a check for 2.5%-3% (meaning less in my pocket now), it's literally the same sh-t on a different day and the cost of doing business.But I work with a lot of agents and have my pick of the litter based on my knowledge of what goes on behind the scenes.

8 March 2016 | 4 replies
Hello everybody,My name is Andrew and I am totally new to the investing in real estate/property scene.

13 March 2016 | 7 replies
Hi fellow BP’ers-My name is Dustin Clark.I’m a prospective REI investor in Watertown, NY – the “real” upstate.I’ve spent the past few months quietly behind the scenes soaking in as much real estate information as possible including BP podcasts, forums, webcasts, all the free books from BP, reading other books (Rich Dad J), webcasts, etc.I’ve spoken to a few local investors about their strategies and after much discussion, my wife and I have settled in on BRRRR with the stipulation of our all-in costs being less than 80% of ARV.We are using a HELOC for up-front cash to get the deals and work done and would refi once the improvements are done and we’re at our full ARV.After looking at several MLS listings using my own spreadsheets, digging in several layers on a vacant house just down the road only to come to a dead-end (bankruptcy, divorce and foreclosure… eek), we are taking another step towards getting our first one under our belt which brings me to my question(s).I’ve been drawn to an 1880 duplex in Watertown that has a new roof, newer windows, newer siding and that’s about it.The house is a 6 bed 2 bath (3/1 each side) with a good overall layout (coming from someone with no experience…).The problem lies in the inside.The furnace and hot water heater are newer which is great but it needs a complete gut of the kitchen and bathrooms and the plaster walls and ceiling are in very rough shape.The plaster is my primary concern and turns out is the largest item in the rehab costs.I “unfortunately” have the ability to do all the repairs myself but I do not have the time as I am a full time + civil engineer.My experiences in and out of work do give me a great handle on what needs to be done and a pretty good idea on costs.As I mention however, this plaster issue is one that I have not dealt with.I’ve tore-off and re-sheetrocked but never repaired or sheetrocked over.I think the best solution is to drywall over the walls with ¼” drywall, and tear-off the ceilings and drywall.Here’s the deal in a nutshell:Current asking price - $35,000Repairs (not including plaster) - $37,000Plaster repairs - $15,000Misc/contingency - $5,000Total rehab cost - $57,000Potential rent - $800 * 2 = $1600Estimated ARV - $80k - $85kWith our strategy, we would need to be in to this at no more than $64k making the purchase price $8k.With the current asking price, this seems crazy to me…A few pics below show the kitchen and dining room.The dining room pic makes the plaster look much better than it actually is.I’d love to hear from you guys on our approach, the deal overall, the plaster repairs/fix, etc.Thanks in advance!

13 March 2016 | 3 replies
What makes scenes depends entirely on the numbers.

17 March 2016 | 24 replies
I just wish I was closer to the scene so I could be part of it from time to time.My first, and current rehab is down to the bones.

15 April 2016 | 10 replies
This is either a really pathetic owner that has absolutely no business scenes or it is slum housing with very high turnover.I would either pass on the property or buy it and put and end to that practice immediately.

18 April 2016 | 2 replies
I've searched around, looked at some guidelines and tried to take a stab at creating one but I'm stuck.Since I'm new to the REI scene I really don't know what to include.

28 April 2016 | 11 replies
My partner has a place on Atwells where the tenants skipped out without notice, yanked out the gas stove and so he walked into a gas filled apartment that looked like a scene from Hoarders on drugs.

20 July 2018 | 7 replies
I am new to the scene any advice is appreciated. thanks