Terry Louwerse
Best Areas to buy my first rental property?
Hello all, I'm a newbie investor (to be) based in San Francisco. I've been doing a lot of reading and learning for the past two years. I have decided to invest in Pittsburgh (rental) and I was wondering what would be ...
Nicholas Sheridan, Jr.
VICTORY! I finally did it
Just closed on my first SFH 2 weeks ago and I am AMPED to have finally defeated paralysis analysis and joined the club. Quitclaim deed has been initiated and the property is officially in the LLC's name. Let the fun b...
Chris M.
In a difficult place with an old friend - need advice
Hey guys, I'm in a tough spot here and would really love to hear from others who may have been in similar situations.One of my oldest friends is having a hard time growing up. He's a stoner and plays a lot of video ga...
Anthony Gayden
Walking the Tightrope between Debt and Leverage
What is a good balance between debt and leverage?The biggest mistakes I have made were when I assumed I was strong enough to overcome the psychological effects of dealing with debt. Last year (just after I was on the ...
Wendy Black
Determining the Quality of an HOA
We live in AZ; have rentals in CA. Both of our SoCal rentals (one condo, one SFR) are in HOA areas. In two years, we've never had any problems with them. We bought them as newbies, and all we looked at were the fee...
Derek Gibbs
Found What I thought Was a Deal But,...
I found a very nice C class building with 10 units near me that seems like a great deal on the surface. If you use the 50% rule, the numbers are great. However, I have a list of expenses from the owner that total 65%....
Stephen Dominick
Conflicting Opinions on wholesaleing
I have been studying the wholesale strategy for a little while now and in my research here on BP I have definitely run into conflicting opinions. 1) Build your buyers list first- find the criteria wanted and go find ...
Samuel Lacroix
Do you grant first come priority for applicants?
I have a unit for rent and two days ago I showed It to a young man who will probably meet my minimal standards (screening process is in process). I also got a visit yesterday, an older man who is looking for an apartm...
Zach Hoereth
The BRRRR method is foolproof! Right?
I wrapped up the week having a conversation with an out of state investor interested in purchasing a few properties that would fit the BRRRR criteria. I have found myself having the same conversation time and time aga...
Charlie McKenzie
The 2% Rule doesn't work 50% of the time
Ok I have acquired over 120 units of rental property and have used the following rules: 1) Purchase properties in areas that have a geographic Impediment to growth. 2) Don't purchase a property that you wouldn't be w...