I went to a local gathering for a guru who is pretty successful and has developed a following.  His strategy when negotiating with a seller is to justify his low asking price by pointing out "The house needs this and ...

I am negotiating the purchase of building previously occupied by a financial institution (bank). The seller is the bank that is moving. They are moving to a newer larger location. The seller (the bank) will sign a 6 m...

What would you pay for a class D 5 unit property that has gross rents of $2000 / mo, so figure a NOI of 12k per year. I know caps are area specific, but I'm not sure that is as applicable to small D props.

If I wa...

Thinking about buying some newer build homes that are turn key for long term rentals. BUT if you’re not buying in all cash and going to finance it. How much do you think you need to make on top of the mortgage to make...

How long does it take an investor to see results from their direct mail marketing campaign? This year I've sent over 500 letters to property owners and I've cold called less than 100 so far. I've spoken with 4 propert...

Hello all,
I have a 10-unit that is approx. 6,300 sq ft. In the current situation, it would be more profitable to provide internet. Rents are below market rate and they need to increase, but I can tell tenants are pr...

I submitted a cash offer for a one bedroom condo on a short sale, in the heart of Denver. This is my first experience with a short sale and an income property of my own. I understand that typically condos are not cons...

I've found a 6 unit apartment building for $210k on loop net. Besides price and the number of units I do not have any other info. This week I'm wanting to call to gather more information. I'm hoping BP can help me ...

Hello BP. I am not new to RE development, but most of my concentration through the years has been in commercial flex warehousing and industrial development. I am the developer and the builder for all my projects and u...

I am considering starting a career as a real estate agent and wondering which state is the best place to begin. With so many states to choose from, it can be overwhelming to decide where to begin your real estate jour...