Hey BP, I was just wondering how property management worked. Say I bought a 4 unit or whatever it may be. Can somebody give me the basics? I see people saying something like 10% of the income on the property? O...
https://www.forbes.com/sites/forbesrealestatecouncil/2019/02/21/multifamily-outlook-and-the-interest-rate-conundrum-in-2019/amp/Interesting article regarding Multifamily into 2019. Sounds bullish on Sunbelt Multifamil...
I currently have a property that I had listed for rent for $1550. I haven’t had much luck within a couple days, as I’m used to with my other listings, so reduced it to $1495. It’s been at $1495 for about a week now. I...
Hi this is Swanny,Please realize that single family, duplexes, triplexes and quads are valued based on Comparative Values or commonly known as Comps. You are at the mercy of comps when you buy, sell, or refinance the...
Hello BP!I just have a simple question for you all. What was the last thing that you did, heard, read, ect that finally made you start your first deal? I'm interested to see what was the last thing that pushed you t...
Anyone else get frustrated by those HGTV shows that make it look so easy to flip a home? Flipping a home is a business and like any other - it requires knowledge and planning to actually be successful. I can't tell yo...
I have an applicant interested in one of the flats in my duplex, who has a stable job as an engineer at a large company and makes over 70k a year. However his credit score is quite low (around 550), and it shows he ha...
So I just got off the phone w/ a Rep from dohardmoney. (A HML on biggerpockets site for IL). Has anyone used their service? How was the experience for you? As a new flipper with limited funds, you all know the fru...
I stopped playing the lottery a long time ago. Even then I only played the large jackpots. I'm finding myself tempted again. There are two huge jackpots right now totaling 2.6 billion dollars combined. If I won eith...
If a Borrowers Promissory Note is used to fund their loan, then who would the creditor be?