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Out of state investing
I am a young professional currently renting in a very expensive part of Southern California. I am hesitant to buy a home in my area because they are very overpriced ($700k for a small 3BR townhouse) and I have been s...
Ken Cooper
Having a hard time with this decision.
I am in escrow for a Triplex in Redondo Beach California. We are contingent on the sale of our current property ( Which we have an over ask offer for.) The Triplex needs a new roof (which we have asked for a credit fo...
Mark Yuschak
Bookkeeping - what's your approach?
As we acquire more and more (mostly buy and holds, but also some rehabs for a quick flip) it's becoming more and more of a hassle to keep the books.
I am yet to find an adequate piece of bookkeeping software which re...
David Lutz
The Myth of Cashflow – and understanding how to reserve properly and model.
Let me start by saying I am all in on RE. I have an MBA, spent years learning about RE before I pulled the trigger. And when I did, I bought 5 houses worth over $1M in 18 months with only $100K of my own money. So I f...
Bobby Narinov
Is the role of a clients real estate agent worth the money
This is going to piss off a lot of agents.I was reading here on BP about a buyers agent refusing to submit an offer unless it is at or above the asking price and I kind of got pissed off.In today's markets the buyer u...
Amiris Brown
Which is better: Double Close or Become a Realtor?
I’ve been convinced that I may have to start out in Real Estate by Wholesaling properties. However I’m very paranoid about following the law to the “T”, especially knowing full well I have Attention Deficit Disorder (...
Yuvaraj Vimawala
How to handle emergency situations with tenants (AC issues)
Hi fellow landlords,This year I have been particularly lucky to have 3 AC units blow up and 2 properties have flooding due to sewage back up in my properties (all SFRs). I wanted to ask the experts here if there is a ...
Michael Clevenger
Appraisal fell short
Trying to wrap up my first flip. I've learned a lot throughout the process. My latest lesson regarding the appraisal. Turned the house into a beauty. But now my asking price is 30k higher than the appraisal! The buyer...
Zach Schwarzmiller
Strongest Long-Term Tenant Proof Flooring - WA State
I ran a search around the forms and didn't seem to be able to find a forum on the strong long-term tenant proof flooring. I am looking to update some units built in the 90's in Washington State and sick of carpet. In ...
Cory Kohut
My experiene with Brian Gibbons and his REI Skills coaching program.
First:I was a student of Brians for about 30 days before quitting the program.There were a few reasons I quit but one of the main reasons was I no longer had any trust in Brian Gibbons and the things he said he was...