Hello, we recently completed a sale of our apartment complex for $850,000 that was on a standard commercial loan. We used a 1031 exchange intermediary and then purchased a condo in Florida all cash for $360,000. We we...
Hi there! I read a lot of business books that emphasize the need for knowing your customers and marketing to your clients. However, my buy and hold real estate business doesn't seem to match the ordinary sales or serv...
Hello BP ! My question today is I’m in a bit of a pickle. I currently rent out a townhome. This townhome was previous treated for rats. I recently turned over this property and have new tenants in place. The tenan...
In the range of your market rent, where do you like to fall? In my experience in real estate, I enjoy falling anywhere from the middle to even the low end of what our market/area will allow. I prefer picking from many...
Hi all, I just came back from driving for dollars today! SOOO much fun, we could have done it all day, but the sun went down and we HAD to come home! LOL! I had no idea there were SO many options out there when it co...
Hello BP,
Excited to be posting for the first time in the BP forums. I’m 27 working full time in IT here in Denver, CO. Like a lot of others, reading Rich Dad Poor Dad was a paradigm shift for me. It changed how I vi...
I’ll try to keep this as short as possible. I purchased my first real estate investment property in October 2018, under a newly created single owner LLC. My intentions from the start was to purchase outright then reha...
At risk of admitting to over thinking this scenario, I'm having a difficult time determining the best approach to completing my financial model based on using a line of credit. The LOC is partially secured by a CD at ...
I’d like to know what a small size landlord does in order to protect them from being sued? Is there more than just putting your business in a LLC?
Hello! I am a realtor, desiring to get into the investment side (flips/buy & holds). I am in NC. I researched listings in Detroit. I understand they have a history of selling properties extremely cheap. To th...