
6 September 2018 | 10 replies
Kitchen cabinet measurement/layout was WRONG.
27 September 2018 | 8 replies
Then i was like checking my Zillow views, showing requests updates from my realtor.After 2 weeks we got an application, and with initial review we didn't accepted because of income criteria and no.of people.Then no application for 4 weeks, even though showings were happening.Then my 1st Mortgage payment is coming up, i was getting confused if i made any wrong decision with Rental property investment, and then i started researching on my own, decreased it by another $50, which became 2nd lowest in that area, and mine was better home than the lowest, boom 2nd day after lowered, we got an application on Friday, and i dint accepted right away as it was not 100% to my expectations, and i want to wait through weekend to see if i get any more.

1 September 2018 | 4 replies
I still have the same tenant in fact in there.I bought 6 more rentals since then but I bought those on my own and not through a turnkey as I wanted to learn the business and wanted to be hands on but thats not the case with you and there is nothing wrong with buying turnkeys.

1 September 2018 | 3 replies
I suggest having the practice provide you a paycheck so you can have proof of income, if you aren't already doing this.There's nothing wrong with getting a 7% return... probably through some sort of index fund/mutual fund combination... and then taking that money in a year or a couple years and starting the real estate journey then.

1 September 2018 | 8 replies
Financing the entire investment (through very creative means, which took me MUCH longer to figure out compared to finding this deal) seems like a no-brainer to me, but I'm scared I got something wrong in the math and this is not as good of a deal as I believe it to be.I'm a newbie, I quit my job in the Oil & Gas industry, enrolled in real estate school, completed it in 3.5 weeks and I take my test 9/4/18.

8 November 2018 | 8 replies
Am i just looking in the wrong areas lol let me know, I'd love to connect with as many people as I can!

31 August 2018 | 2 replies
Was also told from an accomplished RE friend to always stay close (w/in 45 min drive) as something will always go wrong and when things (economy, etc) turn bad, then you as the Property Mngr’s client will take a backseat to their priorities.

1 September 2018 | 19 replies
I feel bad with people making these kind of monthly profits...listening to too many podcasts about using BRRR method and thinking $200 a month is a win....one thing goes wrong at the property and you are wiped out for years on profit for that unit...

5 September 2018 | 4 replies
Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

2 September 2018 | 7 replies
(I don't mind sharing it - I won't get it anyway - so if it is truly a deal and a BP member can get it, all the better)Details (read the Zillow description - the listing details are wrong): Address: 6610 52nd Avenue Ct W, Graham, WA 983384 mobile homes for $156,000Each home is a 4bd/2ba with laundryCurrent tenants pay $1700 average rent per homeSpace rent is $700 per lotThe numbers (per month for all 4 homes):Total gross rent: 4*1700 = 6800Total lot rent: 4*700 = 2800PITI: 860 (this is for the full $156,000, i.e. all 4 homes)Vacancy - 15%: 1020Property management - 10%: 680Maintenance - 10%: 680CapEx - 5%: 340W/S/G (this is a wild guess - I have no clue): 4*50 = 200Total expenses: 6580Total cashflow: 220I feel like I've been quite pessimistic with the estimations (e.g., 15% vacancy), and it still produces a positive cashflow.