Vishesh Shah
Help! Need Advice Whether to Close or Back Out of a Solid Deal!
Hello fellow BP'ers, I have a slight issue at hand right now. A few months ago, I acquired a solid deal - 2 two-families that are adjacent to each other in Paterson, NJ for $125,000 each. They were off-market and I kn...
Engelo Rumora
Real estate business - Value
Hey guys,
I hope your well.
How much could you sell a real estate business that makes $1million in profits via flipping houses. I know more variables would need to be calculated but I would be happy wit...
Matthew S.
Renovation - get a contractor or be my own?
Hey folks, got a good deal on a house in a very hot neighborhood that is going up in value quickly. It needs at almost total renovation (siding, roof, and some floors are the only things that DON'T need major work ...
Account Closed
Help me understand how you get wealthy with this?
Hi everyone,I'm in the analysis paralysis stage of purchasing my first SFH rental property. I'm looking at a $150,00 2/2 townhome, that I think we can get for around $138,000. After all is said and done, it should cas...
Keetaek Hong
[Tools] Any website/tool that can automatically find me deals?
Hi BP family!My current way of identifying property is the following:1) Receive a notification from Redfin (for the houses that match my criteria) with a new house or a price change.2) Go to AirDNA to analyze (Short t...
Sean Youngberg
What is your method to determine ARV for your flips?
So newbie here and trying to learn all I can. I've been trying to analyze some deals, but getting caught up trying to determine an accurate ARV.I've been working on a spreadsheet I modified to do CMAs. My first proble...
Ava G.
Negative Cash on Cash because of market rental rate?
We're eyeing a property in the Philippines (my hometown) so the actual numbers are huge (in millions) but I roughly converted the values in dollars for easier analysis. I've never purchased any property before, an...
Brian Dudash
CA Investor - Investing Out-of-State - LLC or Umbrella Policy?
I'm living in California and I'm in the process of getting a rental that is out-of-state (OH, specifically). I just recently found out about the ridiculous CA Tax for a Foreign LLC operating/doing "business" in CA, wh...
Doris Logan
Find an agent vs. Become an agent
Hello BP,
I've been researching what it takes to get a Realtor's license but would any of you advise getting a license versus finding an agent? Is it best in the long term to obtain a license? What are the pr...
Ryan Weimer
Help - DST, LLC, or Umbrella Policy
I'm a CA resident, my investment partner is a CO resident, and we just bought our first (of hopefully many) rentals in ID and potentially other states.Given i am a CA resident, it sounds like an LLC isn't practical gi...