Adam Bartomeo
SWFL Update - Cape Coral, Ft Myers, Lehigh, Naples
Here is what I sent to my owners 3 weeks ago... SWFL We Have A ProblemA year and a half ago I sent an update with a warning that there were several factors that were potentially going to impact in SWFL real estate ...
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...
Johnathon Hendon
HVAC Company avoiding myself and the insurance company
Hello BP members,I recently had an HVAC technician come out and service my 8 yr old HVAC.I am going through a claims process with my insurance company to see if they can cover for me.It has been difficult to have the ...
Marcus Kennedy
How would you move forward with this deal?
So through mailing to absentee owners I've come across a decent property that has a renter in it. I told the seller that I would be looking to buy and rehab. I have not seen the inside of the home yet but ARV of this ...
Max Emory
Millionaires are Made During Recessions: What's your strategy?
It's cliché, but true. A lot of millionaires are made during recessions.No matter what you invest in there are and will always be golden opportunities to take advantage of during every recession. For me, it's real e...
David Sosna
So you want to make the neighborhood better, huh?
A big dilemma we are dealing with it gentrification and what it means to us. We want to invest in our own neighborhood for many reasons. We want to be close to our houses. We love it here. We love the mix of middle cl...
Dan H.
California proposes additional 25% tax for flippers
There is a bill proposed by Chris Ward district 78 called the California Housing Speculation Act that proposes charging a 25% additional tax (an income surtax) on the profit (above the regular tax collected on the pro...
Matthew Jackson
Starting Real Estate Agent Journey!
I have just started my NC pre-license course on my new journey to gaining my real estate license and becoming a Realtor in Charlotte NC. Very excited to get started, if anybody has any advice for a new realtor enterin...
Sherry Lewis
My parents lost everything to a house fire today
Today my disabled parents woke up in their home to the kitchen fully engulfed in flames. They live in New Orleans and didn't have any insurance on the property because after Katrina, rates went so high they just coul...
Matt Hudson
Seller Financing - Got one on the hook!
Last week I received a call from a mailer. The gentleman asked me abruptly, "How much will you buy my house for?!". Before I could reply he proceeded to berate me and call me a "f*#$%ing vulture". Fast forward to toda...