I am always puzzled why people allot 10% of rent for maintenance... I've talked to so many people and read so many posts of situations where the allotment is 10% regardless , eg.Imagine a situation where the rent is $...
My partner and I were in contract on a wholesale property that we plan to flip. The wholesaler just called saying that the title agency found out the status of the property was actually in foreclosure. It was thought...
Hi all, I want to start the conversation about common mistakes when doing a BRRRR. Here is my short list:
Overestimating the After-Repair Value (ARV):Investors sometimes overestimate the future value of a property a...
What are the biggest risks associated with fix and flip loans, and how do you mitigate them?
A tenant is almost $4,000 late with rent.Through my property manager, we were awarded judgement and possession after an eviction proceeding. Since then, the tenant has filed for bankruptcy, which has ceased all action...
Dear BP Community:We are buyers on a property where the appraiser unexpectedly appraised the property to be in Below Average Condition. Our lender informed us that in order to qualify for a conventional loan, the prop...
Hi
Is there anyone on this forum who invests in real estate LLC firms. These firms pool in money from investors, buy big appartment complexes, renovate them and re-fi to return money and then sell them for a profit. ...
getting ready to move out of my home and going to rent out my property when would be the right time to post the property fort rent when its already all empty and ready to go or could i post it in the process of gettin...
Hello,My husband and I are new to both the BP community and real estate investing. We are working abroad for the next few years and will be investing from a distance, but we want to start our journey as soon as possib...
Happy Memorial Day BPC.I am getting ready to close on my first flip and am considering hiring 2 contractors to take on the project. I'm interested in hearing if any others here have tried this and what your experienc...