Kassie Carrell
My rental property is worth 120K. Profit?
I have a house I rent out for 1300 a month. I owe 60K. It's worth 120K. How much should I be making annually on this income property. I feel my numbers are very low, but I am new at this so I am not sure. After taxes,...
John Chapman
The problems with small multi-families (at least in DFW)
I keep getting asked why I've come to dislike small multi-families (2-4 units) in my area, and I wanted to make a list to see if maybe I'm missing something. I’m not saying small multi’s don’t make sense in othe...
Sam Leon
Keep being undercut in SS or Foreclosures
I look for investment properties to hold and rent.
Last year I closed on 3 properties. This year NONE.
Many contracts written yet none accepted. Seems homes in South Florida are heating up and they quickly get und...
Trevor Ewen
New Orleans Land Auction
http://www.bloomberg.com/news/articles/2015-03-10/new-orleans-is-auctioning-off-vacant-lots-onlineWhat do you think? Based on what I know about the town and local economy, I wouldn't be rushing at these vacant lots. N...
Nick Brubaker
How important is it for your GC to be licensed and insured?
Today is my last day of due diligence on my first flip property. My real estate agent referred me to an experienced GC. I like him and am confident he is reliable enough and would do good work, but I found out today...
Bethany Davis
DoHardMoney.com user review?
Has anyone here used DoHardMoney.com as a hard money lender? They're listed in the directory here on BP but I wanted to see if anyone who has used them could share their experiences with them. Thanks!
Carrie Giordano
The Importance of Reserves
Countless times, I've heard the question asked "How much do I need in reserves?" While the answer tends to vary based on the investors' risk tolerance, I thought I would share my experience. As a background, I live in...
Jordan Gregg
Bloomfield NJ Watsessing station area investors?
Are there any investors on BP who have property in the Watsessing Ave area of Bloomfield? I would love to connect and hear your thoughts on the area and especially market rents......Hello BP community! I am a new in...
Matthew S.
Tenant Nightmare - new tenant with gun on bedside - please advise
Hi All,I'm an investor renting out a property in Northern Virginia. I have a tenant problem - please help with your advice.Here's the story - this large house is currently rented to a group of 5 tenants (2 of whom are...
Matt Pieper
Hubzu bidding strategies
I have my sights set on a Hubzu listed property. They started the bid at 208k and with no other bidders, I bid to 210k at the last minute. The reserve had not been met, and they Emailed the following day with a coun...