Łukasz Juraszek
1% rule, 2% rule are BS...
In the book How To Invest In Real Estate, the author claims that a property that doesn't meet the 1% rule will never be cashflow positive.Here is a proof against it. Buy a property for 500K cash, rent out for 2.5K, su...
Lindsey Ambrose
Hotel/ Motel Investment
Hello! My business partner and I are considering investing in a 24 room inn/motel that is for sale in our area - this is our first property outside of apartment buildings, so I am hoping to find someone with expertise...
Jonathan Greene
The 5 Biggest Mistakes New Investors Are Making Here In The Forums
These are here to help you make better connections in the forums. It's ok to be new, but if you consider these five tips, you will get much better responses to your questions.
1. Writing too little or too much in a p...
Bob Mazza
Security Deposit - Apartment is covered in grease!!!!
Looking to help from the BP community in figuring out how much of a security deposit I should hold back. I had tenants move out of a small studio apartment I have about 3 weeks ago. When I went to get the keys the apa...
Jamie Parker
Whats more important: $100,000 or 10,000 calls?
With about 2 weeks to go in the year, Have you considered what your goals are for next year? Have you reached your goals for 2024? It has taken the last 6 months of the year to come to terms with an essentially game ...
Casey Maeda
Multifamily as a resilient asset class
Prior to covid 19, always hear multi family syndicators preaching how safe and resilient large multi family assets are. Boring but evergreen. Post covid 19 pandemic, I wonder how much this holds true...
Patrick Senas
HELP!! Market Rent Appraisal LOW, contingency already removed
I need advice!! On Aug 3, I removed all contingencies because my loan officer said that everything checked out on the appraisal he received from the VA. He wasn't allowed to show the appraisal until the VA "cleared" i...
Ron Brady
Remote Appraisals of Homes Could Reduce Racial Bias
In today's New York Times: Remote Appraisals of Homes Could Reduce Racial Bias - The New York Times (nytimes.com)My initial take is that this is a sound move by Fannie and Freddie to address a real issue. If it helps...
Jenna W.
How does the age of a house affect appraisal
I have a 2 family I bought for $232k in Sept. research shows with no work it would appraise at $260k. I’ve done $27k worth of work for $17k ( tenant is licensed insured electrician and my boyfriend d is licensed and i...
Jake Diamond
Buying Low income properties ?
I have an opportunity to purchase 2 properties (One 3 unit & 1 two unit) both full rented in a low income area. Houses are side by side to each other. The owner is willing to owner finance at $90,000 for both with...