Adam K.
Analyzing A Deal. What are we doing wrong?
We found a good deal on a duplex in Puyallup, WA. Duplexes in this area have been going for $380,000 and above. After running the numbers, it does not seem to be as good of a deal as we thought. Are we doing something...
Cory Melious
Deposits on a luxury condo
Hey all;I wanted to float the question of deposits, and “What are they good for?” I’m thinking about renting my luxury condo out for $3500. I am going to require a renters insurance policy that I am a listed interest ...
Arthur Banks
Sec. 8 tenant income to rent ratio
In the Tenant Screening: Ultimate Guide it's recommended that the tenants income is at least 3X the rent. Those of you who follow that rule and rent to Sec. 8, how do you handle the income to rent ratio seeing as t...
Elizaveta Voloboeva
Back to the past
Hello everybody!
I'm still trying to set up my plan and instead of asking the same on BP question "What strategy to choose" I'd like to ask a couple other questions.
1. Could you tell a short story about you first de...
Timothy W.
Ug Does Shortsales
Had to get this off my chest.
I had a feeling and had a discussion with another investor that shortsales were going to become the new "wholesaling" or "flipping". I.E. the real estate investing strategy that anyone ...
Ryan Esslinger
Deal Analysis Statement of Net income and Cash flows What could be done?
I could not find how to upload excel sheet for this.... Please see attached PDF.Here is the deal as they currently have their financial situation. This house is a converted house to separate apts and the financials lo...
Account Closed
Property locked in for too high of an amount
Hi,
I have a condo under contract until December 31,2013. I tried to get the contract for $28,000 however, the owners owed $39,000 on it, which they had bought the condo for $44,500 a couple years ago. They w...
Sam Robbins
Financing, tax questions - what to do as self employed?
Hey!I recently purchased my first property, a 3 bed/3 bath zero lot line (shares a wall with another house but no HOA) in Nashville. I’m fixing it up and planning on renting it. I’m self employed, and had a co-signer ...
Shea Spinelli
Too good to be true?
At work today, a customer informed me they had a house for sale priced at 350k, they purchased in May of 2016 for 345k. It's in a premier neighborhood and they are wanting more room so they're selling. They told me th...
Joseph Gleason
help going to the next level
first thanks to bp for the boat load of knowledge, looking for advice or direction to a trusted professional on what steps i should take next. I am a ex carpenter who became disabled and currently live off of ssdi and...