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17 January 2025 | 23 replies
A grand negative cash flow is not the issue.
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3 February 2025 | 10 replies
Either a totally trashed out hoarder house from a whoiesaler, vacation rentals, room shares, etc.
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12 January 2025 | 5 replies
@William Taylor so many options...Use your RE knowledge to: WholesaleFind rental deals to sell to investors locally or here on BPStart leveraging your personal contacts to build your sales businessFind a motivated seller willing to do seller financing:- Move in worst room or basement, rent out all the other rooms for max cashflow- You could even live in the basement and STR the rest of the house
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19 January 2025 | 7 replies
Luckily the family in my rental is paying $9000/mo (3x my mortgage) so I am gaining signifigant wiggle room for mistakes.
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14 January 2025 | 1 reply
My plan would be to keep the front waiting room as a small commercial space and the back offices as efficiency units or studios.
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12 January 2025 | 14 replies
The pool table collapsed on my husband (that's what happens when you try to move a slate pool table across the room and aren't trained to do so).7.
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9 January 2025 | 17 replies
I had one new cleaner from turno allege that she cleaned the same clean room (I do room rentals) she had cleaned two days before, even though it hadn’t been touched.
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2 January 2025 | 2 replies
I would also recommend the RPOA meetings here in Grand Rapids.
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8 January 2025 | 6 replies
Renting out a room is a great way to get started, and I wouldn't get too settled into the "going rate" use that almost as a floor.
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16 January 2025 | 4 replies
The best way to connect and learn is to be in rooms where it's going down.In terms of captial your best bet is to focus on a primary income that cash flow sufficiently, saving as much as you can and doing something real estate related so you can get familiar with the industry.