Howdy BP Family,I'm in a not-fun situation. My GF and I are in the process of remodeling our condo. We plan to sell it and BRRR from there.A few months ago our downstairs condo neighbor informed us that we were "raini...
Alright. You just bought a house that needs some TLC in just about every aspect. Carpets need ripped out, walls need painted, windows need replaced, wood floors need refinished, kitchen and bathroom need updating, etc...
Not really asking for advice here but did want to share a recent situation. Newer tenant who signed a non-smoking agreement when he moved in was smoking pot. Another tenant complained of the smell. I gave newer tenant...
Thought this would be fun to expose some of the financials and situations of my current rental.I purchased a duplex in Gloucester City, NJ in July 2018; I've had it now for over a year.Here are the initial numbers:Pur...
So I'm convinced that MTM leases are superior for the landlord, but how do you go about advertising these? People still seem to be most comfortable with 1-year leases. Would you say, "Month to Month with possibility o...
Received my first "landlord emergency" call the other night.Quick back story about my experience since I don't post often: I'm a new investor managing and rehabbing a duplex right now. The lower level is rented out wi...
What has been the hardest part of flipping for you? Was the hardest part different when you first started vs now that you have a lot of experience under your belt?
Hello BP! I need some consolation, wisdom, and maybe pizza.My dad just completed his first flip. After all was said and done, he lost over $3k. We're not white collar people, so $3k is a lot to us. I tried telling him...
What are the downfalls of this as from what I know would be greater than the benefits? I know it can be done successfully and has by experienced investors? If the deal is a strong one, does that matter even if investo...