Edward Barreto
Getting Started, 0 experience
Hey everyone in the BP community, First and foremost I want to start by saying I have zero experience in real estate or any form of business ventures. I do however have an increasingly growing interest in it. Finally ...
Erik Bollinger
What lessons should I learn from this failed deal?
I'm brand new to real estate investing. With my first deal I tried to hit a home run and I ended up striking out. In order to make the most from this failure I would like feedback on what I did wrong, and if my conclu...
Dustin Lavender
What do you think of this deal
Hi, i am in a mid-sized town in Arkansas. I currently own a duplex and 5 rental homes around town. We bought our first rent house almost 2 years ago now. It was a bank foreclosure. Appraised at 60, paid 30. We used eq...
Dominic Mazzarella
Turning Challenges Into Opportunities: How I Saved My Multi-Use Property Sale
I once owned a 20-acre mixed-use property in Illinois. It included 25 mobile homes, 60 self-storage units, and four commercial tenants. When the time came to sell, I anticipated a solid profit from the deal. But durin...
Remone R.
Outside water faucets
So we own 2 duplexes with 4 total outside water faucets and we pay the w/s/g not the tenants. In the winter we put locks on the water faucets because the bill was getting high and anyone could walk up and get water ou...
Jon Rood
2% rule on a 2.5mm portfolio
I am looking at a portfolio that is mixed with commercial and residential. It has single family, commercial, storage complex, and even a car wash. I have reviewed the leases, deposit slips/bank accounts. Gross reciept...
Matt Mulvihill
Buying land for a Carwash
Hi BP! This might be a shot in the dark but there is a piece of land for sale by my house that would be a great location for a car wash. The closest one to me is about 15 miles so the demand is there, but I know that ...
Eric Denson
How to raise rents on new 4-plex?
I am closing on my first investment property within the next week. Yeah!!! It's a 4-plex with tenants. The rents are $350 for a two bedroom one bath unit where the owner pays the trash and water. I've called two ot...
Emmett Foster
Loans for a autowash/Car lot Detroit
Who would you use for a commercial building loan on a auto wash or used car lot? In Detroit
Jake Bolen
Banking problems
This will probably ramble on a bit, but I have a predicament. Currently, my wife and I own one small three bay self serve car wash and a Fourplex. Last year I was interested in adding another (larger) car wash when ...