John Romero
Multi Family Numbers - Do they work?
Hi Everyone! I'm trying to run numbers on a potential duplex property i've been considering in NJ. (One unit is a 2br/1bath that can bring in $1200, the other is a 4br, 2bath that can bring in $2000.)
[i]Purchase p...
Robert Lei
New From Charleston, First Deal in the Bag
Hello BP,My name is Robbie and I am a new "investor" in Charleston, SC. I work full time on top of "real estate investing." I am a military pilot stationed in Charleston. I just closed on my first deal last Tuesday! I...
Nathan Gesner
Tenant claims money was stolen. How would you respond?
Tenant made an ACH payment for February rent. The ACH payment was rejected due to non-sufficient funds. Four days later, the tenant made another ACH payment. It was also rejected for non-sufficient funds. When I asked...
Gary McDaniel
Help with my first deal!
Hey BP Family,So I've found my first deal in the Long Beach area that I think would work great as a AirBnb property. I haven't physically seen it yet because I live in North Carolina, but I've visited the area within...
Dylan Mabin
Initial Investment on Multifamily
Hello all!
I plan on purchasing my first rental property soon, which will be multifamily (4 units). I am going to house hack and stay in one unit. Therefore I planned on taking advantage of the FHA loan. However, if...
Michael Bacile
Cushion for rental overhead
Hey guys I’m hoping this post is in an accurate forum. Here’s another newbie question.I have a question about how y’all cover the mortgage for multiple properties. My job is producing about 35k/yr on average. My goal ...
Michael Carbonare
Do Not Buy A Condo In Florida!
A n00b contacted me about the numerous "great deals" he was seeing FSBOs offering on their condos throughout Florida. As a resident of the Hurricane Sunshine State, I can tell you it's Fool's Gold. The assessments. ...
Callum K.
Large-scale Apartment Investment
Hi,
I have been approached to invest with several large apartment complexes in large cities throughout the U.S. From what I understand, the process is that you invest into a holding company such as a REIT (not throug...
Collin Hays
"Buy only in top tourist areas" and other b.s.
Guys and gals, sometimes I get a belly full of hearing the same old conventional wisdom over and over. Today I'm going to tackle this one: "Buy only in the top tourist areas." Are we more worried about investing s...
Daniel Curtin
Property Will Cash Flow... But Not Right Away
Hey Everybody,I'm Dan and I'm from Chicago. I've been looking to buy my first rental property for awhile. I've come across cash-flowing properties in the past, but I'd get cold feet. I'd do my homework, but I always f...