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What do you say to a seller when they ask how does a short sale benefit me after I've done bankruptcy? Are there even any benefits? What I've been saying mainly is that its added protection and gets your name out of i...
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Hi members,I have a SFH under contract, already completed inspection and scheduled to close in 2 weeks. In the meantime the recent hurricane/storm Debby just hit Florida. The property is in central Florida and Debby...
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BiggerPockets! I work at BP and I'm working on building a landing page for Detroit. Would anyone be willing to share why you choose to invest in the city? Why is it a great city for investors?
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I am interested in an owner financed deal. The property is a 5-plex in Ohio. For sale for 60,000 with rents of roughly 1,400 a month. Owner willing to finance for 5 years with 25% down. So with the payment to the own...
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Hi All,I was wondering are you still using the 1% rule when doing quick and dirty new deal analysis? Is anyone out there still able to achieve the 1% rule and in which markets?Recently I noticed I get to 0.7 or 0.8% a...
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After selling rental properties to investors for 20 years, the common denominator why people hate rentals is because they don't like managing the rentals. I always tell investors to spend their time educating, improvi...
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Hello BP community,
I am currently renting a home to a family that has been in my unit for about 3 months. Since they've moved in there's been numerous complaints about the A/C not cooling to the desired temp and ma...
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Economic Update
(Monday, August 31, 2020)
The US economy got crushed in the second quarter, with the worst decline in real GDP for any quarter since the Great Depression. However, the good news for real estate...
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I'm just jumping on the vinyl plank bandwagon for my rentals. Up until know I always went the cheap carpet route. A few quick questions for you guys who already use this product in your rentals. What has been your exp...