Rich Weese
obama says we're doing great! Why don't I feel all warm and fuzzy then?
Obama sounded almost giddy on how well the country is doing. The stated unemployment rate only ROSE to 9.9%. HOORAY! (however, when you include EVERYTHING in that category, it is 17.4%, almpost a record high)He says t...
Burt L.
One Darn Clause Prevents Converting 8 Rentals for Condo Sales?
BP Nation- I've been speaking with many mortgage brokers and haven't been able to break through in the least. I have two 4-plex's on lots next to each other in Colorado. They were built in 1948, fully permitted and h...
Darvin Ezell
What % of the Market Value do you offer to motivated sellers to make a deal?
Ok say for example, the marketing that I have done has paid off and I generate some leads and get some calls coming in. I get a motivated seller that needs to sell their house and wants my help. How do I know what amo...
Denayer Burns
How Do I know if it's a Good Deal
Hello BP,
Okay so I'm new to this, I'm talking novice new. I'm looking to get into buy and flip properties, but eventually get into buy and hold. One thing I keep hearing over and over again is, you gotta m...
Siraj Ahmed
NEED HELP! Should I rent to this person or not?
Hi BP members, I am turning to everyone here for help in helping me decide if I should rent to a potential tenant or not. My condo is in a B neighborhood but due to the slow demand, I have not had a good pool of candi...
Sage Jankowitz
How much cashflow can you receive monthly purchasing a $100K SFH, Duplex, or Triplex?
From what I've read on the forums, it sounds like anything over $100 / month per a unit is a solid cashflow, but out of curiosity how would you classify more or less than $100/monthly per a unit?
For example, for a d...
Ellie Perlman
Should You Shy Away From The Best Class A Apartment Buildings?
When it comes to multifamily properties, some investors stick with Class A properties and see them as the best asset classes in the multifamily sector. After all, they are usually fully leased with top tenants, fetch ...
Kristie V.
Candidate for sandwich lease?
I am a newbie and I had a couple contact me from one of my mailings who has a property to sell. They owe $74,000 on it and it is worth $70,000. The home was trashed after their granddaughter lived in it for a time, a...
Greg Schow
Best opportunity for 1031 money?
I have some 1031 money to put to work (about $2M). We won't close on our sale until end of January, so we have till around mid March to identify properties. We've looked at many options and prioritize them accordingly...
Negar P.
Does the income 3 times rent requirement apply in all markets?
Hi all, My rental property is located in Orange County, CA. It is a 2 bed 2.5 bath that would go for $3100 per month in this market. This is the first time I am trying to rent it out though and I am finding it hard to...