Iris Burrows
Am I scaring sellers away by low balling???
Hey BP Community!I've been working diligently to make a deal these days. I've sent out as many letters as my marketing budget can handle, and I've actually gotten a great response rate. Many of those who have called, ...
Jessica Johnston
12 showings & no offers- but all very positive feedback
Need help figuring out why our house doesn’t have an offer and instead have heard a few ‘offers’ are coming with no follow up.It’s a 6/5, 4300 sqft home in Smyrna, just 3 years old. We added a lot of upgrades when we ...
Jerry Kisasonak
116 Unit Apartment Complex Financing Question
We are looking at a 116 unit apartment complex. The asking price is $4,950,000. The NOI is $484,000/yr. The seller will carry a 20% second. With 100% financing we should cashflow about $13,500 a month. That is calcula...
Chad Childress
Will interest rate increase eliminate preferred returns?
New LP syndication investor here dipping my toes in and looking to do my first deal this spring. With compression between CAP rates and debt service due to interest rates rising to a much more normalized historical le...
Mario Casarez
$170K for a full gut rehab in So Cal. Is it reasonable?
I recently had a contractor come out to a property in Whittier, CA (1640 sq ft home on a 6400 sq ft lot) that needs a complete gut rehab and below is the soft quote he gave me and everything he'll cover for $170K. No...
Steve Vaughan
My wife was laid-off today. 3 lessons.
After 14 years, my wife just got laid-off indefinitely along with probably 50% of her colleagues. Shes in the aerospace Industry and Boeing was their largest customer by far.
I'm not predicting gloom and doom for a...
Atha Winston
My First Tax Lien Sale
I have been a member for awhile now and I have been reading and learning about all the different strategies for Real Estate. I decided to go to my first tax sale which was very interesting. First of all they don’t tru...
Miguel Suarez
I'm Planning To Buy A House Out Of State early 2024 (any suggested states to invest?)
Hi everyone,I am new to this forum. I have listened to Bigger Pockets for quite some time now and finally decided to get on here because I current own a home in California, but I want to buy a 2nd house out of state. ...
Rob Deweese
Cash out re-fi to get second prop but no gain on rental?
I want to pickup a second property, I am sold on the book, the method, I am learning so much. But I live in Seattle and houses are 600k. My current house is worth 650k, and I owe 404k on the loan. I don't have enough ...
Andy Parsons
housing meltdown in california
anybody read the article in yahoo news last night?
http://finance.yahoo.com/real-estate/article/104340/Housing-Meltdown;_ylt=Ai901LEwyqLqzknB1gjFYe5O7sMF
Some "speculators" are calling for a 25% reduction in price ...