Joel Florek
31 units in 30 months at age 24, $70k Annual Cashflow
9 January 2025 | 116 replies
They accepted the offer and we closed the deal quickly so the family could move on from he property.
Sophanara Khoeun
New to Investing: Repairman? & Hire or Not to Hire a Property Management Company
27 December 2024 | 9 replies
Although there is potential profit in this kind of profit, there is also more risk associated as the repair costs can pile up quickly and create a scenario where you have invested more into the property than the repaired property would actually be worth.
Polat Caglayan
What do you think about the future of Detroit?
12 January 2025 | 10 replies
You seem to be asking a lot of questions, looking for quick shortcut answers.
Joseph Kirk
Advice on entering the fix & flip industry
5 January 2025 | 17 replies
That data would be sales price after remodel (the true numbers some agents really don't have the experience to be comping the property), the days on market you will experience (this is great info because you want to recycle the money quickly), and resources to sell the place fast not slowly which you do not want this because this could put your holding costs extremely high and push the property to little profit or no profit.
Frank Alfano
How to Attract Private Lenders for 6+ Unit Multifamily Properties?
16 December 2024 | 2 replies
Hi BP Community,
I’m a multifamily investor based in NJ, transitioning from smaller multifamily units to 6+ unit properties. My goal is to acquire and stabilize these larger properties using private lending to fund d...
Hira Y.
Property manager still charging landlord after the PMA is over.
6 January 2025 | 12 replies
They represent you.A quick call to a local real estate attorney may be helpful.
Ian L.
Real Estate Portfolio Analysis
21 January 2025 | 5 replies
Thanks for the feedback; some quick stats: 9 doors across 4 states, about 50% LTV ratio with a Net Income of about 17% and cash on cash of about 3%.....in fairness those numbers include some overall business expenses not tied directly to one specific property.
Kyle Carter
Negotiating Favorable Terms
12 January 2025 | 2 replies
For example, if they need a quick sale, emphasize your ability to close fast.
Unal Baris Kancoglu
HVAC installation pricing - COSTCO
15 January 2025 | 1 reply
While I think I might have paid slightly above the average price, I’m happy with the installation and impressed with how quickly the installers resolved the issue.