Caleb Bryant
My HML stopped approving construction draws (A frozen BRRRR!)
Hello fellow BPers. I've found myself in a bit of a predicament.Two months ago marks the closing date of my first attempt at a BRRRR. After many showings and a handful of offers, I was more than excited to hear that m...
James Mcsweeney
Turnover that cost over $6000. Am I getting gouged here?
This is for a property in Kansas City. A 1500 sqft house. Tenant did treat it poorly, but wondering if these expenses are reasonble?
Brittnee Robinson
Copper Pipes stolen from HomeSteps REO while under contract
I'm currently under contract on a 4-unit building Freddie Mac foreclosure in Baltimore city and the copper pipes have been stolen while under contract. So this deal has been crazy from the get go dealing with an un-i...
Kyle Shepherd
J Scott's book on rehabbing - how outdated?
Hey all, I know there have been a lot of changes in the market in the last 4 years since J Scott revised his book Estimating Rehab Costs. I'm jumping back into real estate looking to secure my first deal - my weakest ...
Jose Sandoval
How to deal with a picky tenant?
I have a very picky and demanding tenant. Averaging two maintenance requests per week. Nothing major, small things that I don’t mind fixing but they are eating away my bottom line and spending way too much time on thi...
David O.
100% Cash on Cash ROI in 92 Days - Duplex in Miami, FL Case Study
7700 - 7702 NE 3rd Ct Miami, FL 33138Strategy: Value Add Investment / FlipAcquired 4/12/2016 for $230,000Mortgage: $161,000 (private hard money lender)Down payment: $69,000Sold: 7/14/2016 for $324,000 (92 days after a...
Keaton M.
First Renovation: Am I Overdoing It?
My wife and I have been working on the first unit renovation of a fourplex in a B-ish class area. There is a lot of development around and we definitely are producing a unit much higher than the typical in our area, b...
Ryan Cleary
$3,300 to paint 1,500 sqft? (Ohio)
Just got a bid presented to me by my property manager from a contractor of $14k for tenant turnover, incoming rent for the unit is $800... I know the unit well and it's not in bad shape. Some of the items are totall...
Justin Madison
Should I Invest in this Flip Opportunity?
Hello BP Community! I'm still fairly new and have a deal that I am considering. It is with a local flipper who is quite experienced. The deal is to lend him $200K for the duration of the project with the expected d...
Jon Holdman
Don't mess with building inspectors
In another thread I mentioned one of my hard money loans was going to default. It did, and my business partner and I have now taken back the house deed-in-lieu.
The place has some cosmetic issues. Its total white...