Ethan S.
What kind of car would you suggest to buy? What do you drive? Why
I was wondering what kind of vehicles most investors drive. Considering that cars are typically the second most expensive things people own. Are you motivated by the fuel economy/MPG? The appearance/style? The brand/r...
Elisha Keller
Newbie Question #4: Number one Mistake
As I've been on BP I've been reading as much as possible--even the ones that sounded scary. I want to learn the worst things about being a landlord as well as the positives. The question for the day:
What was...
Duke Giordano
Apartment Metrics when Evaluating Multi-Family Syndication
Hello All,I was curious if there are target metrics specifically in respect to the following from the [perspective of Risk/Target profile of deal:1. Purchase price per unit: is there a target range for this price per ...
DJ Cummins
Meeting about a 24-plex, 100% owner financed. thoughts?
Hello friends,So I took a chance and mailed out 2(yes, only 2) letters to two different apartment complex owners. I had some free time and used the google machine to find their home addresses. Three days after maili...
Allen W.
Zillow and their "zestimates"
Hello all,In your experience have you found Zillow or any other site's online estimate of a property to be fairly accurate once you had a formal appraisal completed?If not, how far off was it? I know they can't accoun...
Audrey James
Don't know where to invest in Georgia? Help?
I want to sell my rental in Arizona and do a 1031 exchange to purchase a rental in Georgia to get a positive cash flow. I'm looking at purchasing around $195k in Georgia, but don't know what city in Georgia that I can...
Jim Growfer
if i buy a building at 5% cap rate at a discount, is it still 5%?
If someone is asking 600k for a building that has a 5% cap rate, 30k NOI and i purchase it at 500k. It wouldnt be 5% anymore, correct? Cap rate confuses me a little bit, because that cap rate would now be 6% not 5%. ...
Michael H.
Exterior Painting, Repairing Roof Cost 2,800 sq ft (NJ)
My general contractor is quoting me:$32,000 to prep, paint exterior of the home$19,000 to replace asphalt roof$23,000 to prep, paint the interior$19,000 wooden floor refinishing (polishing, filling in any cracks)The h...
Adam Sherritt
8 units - Monthly cash LOSS of $6,000 - where did I go wrong?
Hey guys, So I've heard this rumor that the goal in real estate is to actually make money. With that being said I am very confused as to how this deal would make sense to anyone. Now I am still cutting my teeth when ...
Christian Wathne
How I lost $163,000.....what's your biggest mistake?
Hindsight is always 20/20 right?What's the biggest mistake you've made?Mine would be....Early on I didn't understand the power of BRRRR or buy and hold; I thought flipping and quick cash was the way to wealth. My bigg...