Lawrence Gillett
How do you value a cash flow negative business?
Looking a buying a non-performing business of an art workshop franchise. Being a franchise, can't share any of the numbers (signed an NDA).
Labor costs are way too high, and the owner is barely involved. There's alw...
Mazen Al Ashkar
Bought a note, boarded a REO
Hello All,I bought a note (CFD) about 3 weeks ago and it boarded to my servicer as a REO; What seems to have happened is the hedge fund started forfeiture and by the time the collateral was sent to me, the homeowner h...
Harrison Harner
My First Eviction
I just finished up my first eviction and thought I would share my experience. This took place in Connecticut.Background: I bought this property about 1.5 years ago and inherited the tenants. A boyfriend, girlfriend, a...
Cameron Berens
Possible Needy Tenant
We just signed a lease on Monday with a seemingly good tenant. She passed our application process and had all the money due for lease signing. Within hours I received a text of things she would like us to change or he...
Brady Ascheman
Should I keep inherited tenant?
HI BP,I am currently looking at buying a single family rental property that is currently rented. I personally know the person that owns the property and am close friends with him. He has informed me that the tenant ha...
Brian Leonard
Furnishing a Self-Directed IRA Purchased Rental
A few years ago I converted a few 401K's into one self-directed/checkbook IRA. I setup an LLC that facilitates the financial transactions on behalf of the IRA.I recently purchased a vacation rental via the LLC, from ...
Devon Garbus
New investor client is adamant about buying things that will lose money
So here is the story-There is a REI guru who does training and refers his local students to me. He's a great guy and his students know a lot about how to run numbers and are pretty good at estimating rehab by the time...
Matt Alvino
Bigger Pockets 90 Day Challenge - A Success Story
Hey everyone, Closed on my first investment property just shy of a week ago. A big part of my success, besides the podcast, was committing to the 90 Day Challenge. I started on Jan 28th after a Brandon Webinar, made m...
Jason Peterson
Provided lawnmower legalities
What are the legal ramifications of providing lawnmowers to tenants? I have been told multiple things. One, never provide a lawnmower as you are now legally responsible for any accident that may occur. Two, the owner ...
Daniel Overby
The Issue of Smoking Tenants
Smoking inside of a home is one of the more expensive types of damage to remedy. Sometimes it can take ripping out all flooring, trim, and fixtures, and adding layers of paint everywhere to block out the odor. Most le...