Well, I am pleased to say that I finally got my first property in Columbus GA renovated and rented. I purchased the property on auction dot com for $25700. Renovations costed $12,000. I am all in for $37,700. On Decem...
I am about to close on my first fourplex this Friday through an owner-occupied FHA loan. The property fits my investment requirements at market rental rates. Unfortunately, the previous owner has kept the rents for th...
Hey guys, I have a sad situation that I am going to be involved in soon. I am closing on an 11 unit building and two or three of the tenants have been living at their apartments for 15+ years and only paying $300/mont...
Are "Medium Term Rentals" (1-2 month stays) the next big thing? I tend to think so as owners can trade max profits for lower costs, booking certainty & perhaps most importantly much lower regulation risk (most STR...
Hey BiggerPockets family!We'd love to see (or hear) about your worst home renovation fails, and how you were able to fix them :)Sometimes you learn the most from someone else's mistakes --- and sometimes you just need...
Hi BP Family! Where would you recommend living in USA to start house hacking and building a rental property business? The intent is to relocate from a high cost of living area like the Bay Area in California (although...
I just ran into some unfortunate times in my investing career. I recently attempted a rehab and flip project and had to sell it for a loss before completion due to the two family home that I live in as well the tenant...
Hey guys!Just wanted to start a case study based on my experience with Spartan Invest out in Birmingham AL. After some experience with purchasing my primary residence with a detached guest house (first cash-flowing de...
Wondering if any wholesalers or other investors have used this software service, REI Reply. Seems too good to be true and wisdom tells me that it probably is. But hey, maybe they've cracked the code or something. I th...
"So, how many properties do you own?"
I get this question almost every time I tell someone that I'm a real estate investor. Tenants and applicants ask the same question also. I generally respond with a smile and s...