Amanda M Laird
Analyzing a 25 unit apartment
So Im working towards investing in my first multi-family property. Ive listened to many podcasts for months, and have read a fair amount of books on the matter as well. I know the next step is to start networking, a...
Philip Williams
54% ROI on a flip & the importance of running comps properly
Hey all just wanted to share a success story for those people saying there are no deals to be found! This property was a foreclosure up for sale at a judicial auction. I have an assistant who runs comps for me on all ...
Shanequa J.
Letting the owner stay for free
I came across a house in one of my areas. The owners are old, late 80s, and they owe $5600 in property taxes. I would like to offer to pay their taxes and let them live their for free if they signed the house over to ...
Kenneth LaVoie
Determining how long tasks should take (carpentry, painting, etc.
I am one of those investors who absolutely hates to do anything DIY. I own a lawn care business and a small web design business where I put the bulk of my "manual labor" while I have an absolute Godsend working for me...
Chris Sullens
Going around the Wholesaler
I'm working on buying my first investment property in Oklahoma City (where I also live). We made an offer and it was accepted and right now we are in the inspection period. It turns out that we are dealing with a whol...
Paras Newbe
Usual property management / maintenance charges
hello,
I am working with a property manager for a property I may possibly buy in Austin (Still researching). Below are the rough charges.
1) 70% of the first month rent for every new tenant.
2) 7% of each month re...
Roy Gutierrez
Contractors wanting to get paid cash
Hi guys,
I'm sure a lot of you, actually I'm sure ALL of you have run into contractors that want to get paid cash, no receipt, there's one that I know does good work he offers a very good price but he wants a...
Allen Wu
Primary Home Purchase: Seller Wants Lease Back
Hello,
I know this is not really investment related, but I will be closing on a primary residence property. The seller is asking for a “lease back” option for a few weeks since they need to find a place. Is this comm...
Vishesh Shah
What's the Longest It's Taken You on a Flip?
Hi fellow BPers, I am a local rental property investor and fix-and-flipper here in New Jersey. I have a project in Englewood, NJ, that has taken a lot of time and work thus far to get sold. We bought the property end ...
Roy Gutierrez
Flooded basement in rentals
Hi,We just had a very BAD rainstorm here in Michigan (oakland county). My house and 2 rentals had water in the basement, unfortunately I didn't have flood insurance (like 99% of people here it seems). The water has be...