Account Closed
Reality Check: 20% discounts, 10% appreciation, 2% cash flow?
I am new here, and along with the Bigger Pockets guides, I recently read Brandon Turner's "7 Years to 7 Figures." That piece lays out 3 fundamental principles: get a good deal when you buy (20% discount), appreciate ...
Account Closed
Connected Investors Deal Dog Web-Based Software Review
Hello - I wanted to share my experience with the Connected Investors Deal Dog software (web-based). This software claims to scour the internet finding deals for you, in a fraction of the time it would take for you to ...
Jonathan Mueller
I bought Schitts Creek.....I bought a motel, now what?!?!
Ok so I just bought an extended stay motel in Michigan......and I live in Utah.How it happened: I was under contract on a single level 9 plex in a small industrial town in Michigan, I flew out for the inspection and w...
Mike Schorah
Is anyone still cold calling?
I tried hand dialing. The first 25 people I called (took an average of 4-5 phone numbers per person) went through fine and I had pretty good results with people picking up. One even led to an appointment. I got a stra...
Carl Hammill
If someone gave you a month to learn land investing
Hello, Brand new here. Hello! Long story short, Wife & I were planning to visit her family in Vietnam for entire month of August (cleared my work schedule) but recently learned wife is pregnant and her doctor &am...
Shawn Ward
Just Finished a $2.2Mill Georgian Colonial Flip in LA-Take a look
My partner Zerik and I just finished our 4th rehab project since May of 2017. We really took a risk jumping this high in price point as our first 3 projects sold for $600k, $802k and $799k. We skipped over the $1M mar...
Eric Bilderback
What is a Return on Equity Percentage
What do you guys think is a solid ROE number and why? I listened to the BP podcast and they were talking about this. I have had more appreciation then I would have expected which has skewed the ROE in a good way but...
Jerry Ellis
The line between low ball and ridiculous
So I'm looking at properties and find a single family converted to a 2-unit. If I've interpreted the county's tax website correctly, it was sold in 2011 for $13k. Looks like it's been rehabed and the listing price is ...
Rich Hupper
Possible Sub 2 Deal? Can someone advise?
HelloI found a homeowner who bought a 2 family back in 2003 for 225,000. Due to poor management on their end they have defaulted on two mortgages.I believe both of the mortgage debts combined equal roughly 215,000. AR...
Cheryl Daniels
Refusal to pay storage fees of abandoned property
I have a tenant who was on month to month. They violated the lease by smoking several times. I gave them written notice to vacate in 30 days. The tenants complied but left behind garbage and large furniture. They ...