Cassidy Burns
1031 Exchange after refinance??
Hi BP,If you have an investment property that you did the BRRR strategy on but want to eventually do a 1031 Exchange, does the capital gains credit based off of the original purchase price or the new loan on the prope...
Ken Nelson
"Drive By" Appraisal Value Not Even Close
I applied for a HELOC from the same bank that holds my mortgage on my primary residence. They offer a "free" appraisal which consists of a drive by, and comps. My house should have a retail value of about $390K, has a...
Paul Stewart
Escrow for Repairs process with a REO
Hey So I have been in negotiations on a foreclosure property. The property needs about 10k in repairs in the property. The price they are asking for I believe in my opinion is the ARV price. The Bank is offering a se...
Daniel Pitner
Wholesalers, your first sale
Wholesalers, tell me about the details of very first deal. Some details that I'm looking for:Where did the lead come from? How's long did it take you to get it? What was the conversation like with the seller? What did...
Stephen Solum
Section 8 payments as HUD lowers the rate yearly (Joliet)
Hello BP. I am looking into section 8 in Illinois in Will county (Joliet). As I was looking up the HUD advertised rates I have noticed in 2016 through 2018 the amount has been dropping. (Example 2 bed rents in 2016...
Jay Neil
I generate a nice amount of Probate Leads! What do I do now?
So through my initial contact with the culture of Real Estate Investing, I wanted to find a way to get motivated sellers! Great, In a couple of months I developed a system in my market to generate Probate Leads. I ...
Adam Philpot
12 units - how are the numbers?
Evening BP’ers,
I’m running the numbers on a potential 12 unit (3 buildings) 2bd/1ba in Huntsville for 510k. I’m pretty new so would like to make sure I get the numbers right. I want to roughly factor in a 60% margi...
Rick Howell
6 Ways to Generate More Referrals through Networking
Growing your referral base is key to your success as an investor. The wider your base, the more likely you will find new deals. If you feel you have exhausted your existing options, consider these six networking chann...
Chris Schady
Thoughts on how to structure deal with potential investors
Hi all-I was hoping to get the Community's take on the following scenario...I am looking to acquire my 5-6th units via a duplex. This would be a solid property in a good area consistent with my portfolio to date. ...
Nick Radloff
New Storage Units Investor
Hi Everyone,
My name is Nick Radloff, I recently graduated college and am currently living in Rochester MN. I don't have any properties due to being a broke college kid (I know that's not an excuse) but am looking t...