In another thread, @Bill Gulley and I had a brief discussion on underwriting guidelines. Rather than take that thread off topic, I created this one to hopefully further the discussion. The main contention was whether ...
Class A / Class BThe practice of splitting the LP investor equity group into Class A and Class B (sometimes: "Series A" and "Series B") tranches is already extremely common and seems to becoming almost ubiquitous. Ins...
Hello BP!
Here is my frank 2 cents! I recently closed on my 1st out of state property and in the currently in the process of closing on a 2nd one after learning about turnkey rentals and coming across rent to retirem...
Hey guys,
I am looking at buying my first investment property. Here are the numbers:
Asking 160k, but I plan to offer much less
Units are 2/1’s, rent for $595 each
Built 1984
Tenants pay utilities
Income: $595 x 4...
I am 100% uneducated on this subject, but I find it interesting. In my mind I see a country with a vast amount of land, but a relatively small population. Are there rules or factors involved that make building extreme...
Hi All,I'm an investor renting out a property in Northern Virginia. I have a tenant problem - please help with your advice.Here's the story - this large house is currently rented to a group of 5 tenants (2 of whom are...
Are you prepared to do what it takes to SURVIVE this business?Are you REALLY prepared to make those tough calls?Can you push emotion to the side for the betterment of your business?Are you willing to do EVERYTHING in ...
I cannot count how many times I've seen a post on BP from someone young-ish saying how they just want to quit college (or their job) and "jump" into Real Estate. When I see these posts my brain immediately chuckles (n...
Have been trying to do a refi with BNC - a lender from Zillow...While I thought things are going smooth, lender came and requested my ex's settlement statement...So he has a rental property where we took out the mortg...