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Hello guys,I need your help to make sure I wont mess it up too bad in what could be my first deal. A realtor/investor friend of mine brought this property to my attention located in Miami, FL. It is just listed in th...
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I live in Portland, OR. I have been trying to purchase a fixer but have yet to succeed. Now, I know the price of anything is what someone will pay for it, so a large part of the result is in my valuation. But when I r...
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I am in the beginning stages of my first investment property. I am currently going through the planning of a garage conversion ADU. I live in the primary residence which is a 2 bedroom 1 bath 1000sqft. I have a HELOC ...
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Aloha from Honolulu, Hawaii!
I am an “older” newbie (51 years young) who only recently discovered the wealth building potential of REI. My journey began a short 7 months ago after I spoke to a financial adviser. Lo...
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Hi, I'm trying to buy a three-family (or maybe a two-family) in the crazy-hot market of Dorchester or nearby, and need advice! How would I go about buying from a wholesaler? Do they only accept cash offers? How muc...
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I'm closing in on my first REI deal, and I think I found myself a doozy.Sales price $2.6m20% DP = $520kClosing Costs = ~$39kLoan Amount = $2.119mGSI = $385,095Gross Income = $365,840Expenses = $140,778NOI = $225,062CA...
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First time posting. Would gladly welcome feedback. Bought a 6/6.5, 3,600 sq ft home second row ocean facing Feb 2022. It is cash flowing very well. First yr 160k gross (end of May-December) and this year already over ...
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I own a single-family rental in North Carolina. I am new to investing in property but would like to invest in beachfront property. The purpose of the property would be to place on Air Bnb and like websites for short t...
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I want to get some feedback to a letter I am sending to solicit potential sellers. This is a second draft based on feedback I received from my local REI group. I am sending the following letter in a hand addressed env...
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Hey BP,After doing significant research and thinking through my goals (PASSIVE cash flow= primary, capital growth= secondary), I'm starting to think investing in funds & syndicated deals makes more sense than buyi...