I am a general contractor that partnered with 3 investors to flip a house. We all agreed to hire my company to do the renovation and agreed on a set budget and got a contract by my company. My company completed the re...
Just thought I’d write a few words as a counterpoint to the trending post.I own and self-manage 5 properties. I have had rent collection issues but never had to evict anyone, nor have I lost even a month’s rent. But...
I am using the BP rental calc to evaluate properties for potential rental performance. What numbers is everyone using for their expenses?I am using:Vacancy- 6%-8% this gives me one months rent at 8% or just enough to ...
Hi,
Does anybody know anything about Pinnacle Development Partners, LLC? I saw their ad in Newsweek and the return they promise investors for buying Atlanta foreclosures sounds too good to be true.
Thanks!
So I owe two homes that I'm renting out, one tenant is paying just fine but the other tenant owes me two months of non-payment and are not paying since she's been unemployed. If she applies for unemployment, she'd be ...
I’ve recently come across the concept of “personal banking” through “overfunding” whole life insurance policies and leveraging the cash value to buy assets.In theory it sounds like a can’t loose situation. You have a...
I want to build equity with my primary home as soon as possible. And I came across a method using HELOC to reduce the interest paid to the mortgage. Does any one have experience with it?
Hello BiggerPockets!I stumbled upon the Morris Invest Case Study by @Ian E. and am now inspired to document my current investment with the company. This is kind of a long post, but I hope you stay with me. Clayton Mor...
Ok, let me say I'm really asking because I'm bored today with sheltering in place! But I've been for some reason seeing the phrase "heavy hitters" popping up more than I remember on BP, referring to a particular group...
I want to notify everyone and anyone that is currently looking at and considering a purchase of a property from Morris Invest. It is a scam. Don’t fall for the trap of the high returns. There is potentially a class a...