Scott Lepore
Let's be realistic with the BRRRR thing
Okay, I'm tired of hearing how easy it is to BRRRR. And the numbers people (eh hem, Brandon) are not realistic IMHO. One example Brandon gives is $200k purchase, $40K fix, $10k soft costs, $350K ARV. First off, fi...
Femi Ibrahim
How New Western Acquisitions Made Me Lose my Life Savings ($70k)
I bought a house from Tanner Hester (a New Western agent) in June 2019. There were lots of issues with the house as follows:1) The house was built without a permit2) The house was for the most part sitting on the floo...
Cal C.
How my 5-7 year plan went to .... Why not to count on appreciation. Response to podcast 103
I was just listening to Elizabeth Colegrove on podcast 103. She is obviously a very bright investor who is currently doing what I call the W.E.B. Griffin RE investing strategy. Basically, buying a house at every dut...
Gino Barbaro
Where do you see cap rates going over the next 24 months?
Where do you see cap rates headed in your market over the next 24 months?We just purchased a B asset at an actual 8 cap in our market. Unfortunately, it feels as if this is the last hoorah and cap rates are only goin...
Account Closed
The $30k rental club.......
Im sure many of us have read all the warnings and reviews of buying low price properties, and the problems typically associated with them, but all that considered, it is what first attracts a lot of people , indeed th...
Heidi Kenefick
Just walked away from my first deal...horrible inspection!
Just walked away from my first deal. I’ve been looking for several months for a two family, in a good area, with potential for value add through renovations. I found a single family with a detached cottage already ren...
THU NGUYEN
Using Money to Buy/Rent Out or Lend out as Private Lender
Hi BP members,I need help analyzing the follow:In Houston Rental market (suburban), most will follow the 1%...so here is my calculation for getting a rental house that can rent out for $1500/month, at $150KMonthlyRent...
Julian Buick
Why would someone sell a "perfectly good" seasoned performing note for 60-65 cents on the dollar?
I posed this question on a recent forum post and got this response:To address your question we have to pause on the idea that you implied of "perfectly good". Is perfectly good the simple notion of payment history? ...
Account Closed
Math/Finance
What's the connection?
I was at a graduation recently where the commencement speaker announced future plans for each of the Math graduates as they received their diplomas. As I expected, many were headed to ...
Tim Greenfield
Using 50% rule on TK properties_barely cash flow
I am a newbie but I have 1 rental property in Albuquerque which only breaks even. I currently live in Arizona and I travel a lot overseas for work so I am looking at TK providers. My primary residence is paid for in f...