B Ibo
What has been your greatest challenge being a Real estate agent?
I'd like to know what have been your struggles as a Real estate agent whether you are a newbie or are 5+ years in the industry. What have you done to resolve those challenges? What's your average closing rate in a mon...
Nicholas Jose
How do you calculate applicant's monthly income after expenses?
Good afternoon, BP.Let's say you want an applicant's monthly income to be at least 3X the monthly rent. A) If the applicant is an employee, would you just subtract the average expenses found on the bank statements fro...
Tim Oppelt
Newspaper Marketing?
I know that newspapers are a dying medium, but they do cater to a much older demographic, a demographic that has old homes that need repairs. Has anyone had success advertising "we buy houses" or a similar message ...
Bud Gaffney
Would YOU do this deal?
Hi BP family,
Would YOU do this deal?
7 units total (6 res, 1 comm. 1 building)
6 2 bed/1 bath. 1 1,000 ft2 comm. space (vacant)
$5,000 gross rents, comm. space vacant. (Rents under market value by ~$200/unit)
$4...
Dameer D Dinwiddie
Any new wholesalers out there need help getting started?
Hey guys I understand how frustrating it can be starting out in wholesaling real estate.. so I would like to help as many individuals as I possibly can with questions or guidance on how you can close your first deal! ...
Account Closed
CAP Rates & Replacement Reserves
I was wondering if anyone factors Replacement Reserves (i.e. potential future CAPEX repairs) into their CAP Rates when doing a property analysis? As many of you know a CAP rate is Net Operating income (NOI) / Purchas...
David Collado
Starting out and at a crossroad
Hello everyone!Since this is my first post I’ll just get straight to it. I am currently 25 years old, living in Long Island NY. Over the past 4 years I’ve become obsessed with real estate investing and have been educa...
Erik Mazzochi
Just getting started in real estate, New York/CT
Hello everyone!
I’m brand new to the RE world. I have been consistently learning and eager to invest in multi-family properties in NY/CT. I work a full-time job in the NYC trades industry, and my long term goals are ...
Account Closed
Would you rent to this tenant?
Let’s say you had a potential tenant apply to rent one of your properties. Great income at 4.7 times the monthly rent, stable career track with consistent promotions every couple of years, liquid savings equal to 18 m...
Nia Wingard
Long term stays with air bnb
I just bought A house with an extra room attached to it. I furnished it and posted on Airbnb. I have already gotten one today rental another five day rental after that and I have one person who wants to rent for five ...