Brock Wiberg
My first duplex, is this any good?
There is a fine line between analysis paralysis and doing something stupid. Advice would be much appreciated!Duplex in Albuquerque. 1900 total SF, each unit 2 bd 1 bath.Asking price is $128,000, realtor thinks he can ...
Michael McCloud
Cash Out Retirement 401K Early
Getting right down to it, I am contemplating cashing out my 401k and taking the early cash out penalty, to fund my first step into the BRRRR strategy. I have been self directing 50% of my account for about 3 years and...
Andrew Yu
How to Evaluate Mobile Home Park with Unlivable Trailers
Came across a potential MHP deal lately. It has about 8 to 10 park owned trailers. But they are not livable any more. Utilities are there though. My questions is how to underwrite the value of this MHP? Is it just lan...
Javier D.
Coup d etat by tenants. What would you do?
Hello bp fam, Last week I closed on a 12 unit building 100% occupied with under market rents. Market is 1100-1200 currently all units are rented at 750. I sent a letter Stating rents will be increasing to 1000.00 sta...
James Syed
Safe Cap Rate
Hi members,
If you are not familiar with local area cap rates, what will be a safe range for it?
Assuming it's a multifamily property (under 24 units) in a C neighborhood (not a war zone), built year is...
Gabriel Ferrin
Determining the value of Timber Land
I'm considering buying timber land and I'm trying to figure out how to do calculations to determine good deals. My ideal situation is to find arbitrage opportunities where the price of the land is less then what the v...
Kevin Richard
Looked at a house yesterday, said we were 100% and now he says sorry that he has a cash buyer. What can we do to change his mind?
This is a friend/co-worker of mine. They are just getting rid of their house. It's a STEAL. Probably 25% below market value if not more! I tell him, sight unseen, "I want it, sell me that house!" He says he has p...
Chris L.
What do you think about making multiple offers at once....on the same house?
I know a successful investor who gives up to 5 offers at once to a seller. They range from "my price, your terms" to "Your price, my terms". Basically: his cash offer, his seller-financing offer, and a few combination...
Sheri Ulm
Vacant Homes Letter for Good Response Rate
Hello my BP friends.
I have a few leads on vacant properties that are run down and have basically been abandoned by the owners and I want to send the owners a letter offering to buy their property. Do any of you have...
Laura Harris
Searching for Mentor who specializes in multi-family investments
Hi All,I am currently a first-time home buyer/investor and I am looking for someone who would be willing to mentor or provide general advice towards getting me into the multi-family market( Maybe meet once a month). U...