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Hello everyone,We're looking at a deal and would love some input from some veterans. This is a 10 plex in our town, just five minutes from our house. We would do the property management ourselves at least initially, b...
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Hello All, I am trying to make sense of something that keeps being brought up on numerous investment media I have listened to or watched on youtube, but I just don't understand the reason behind it that makes it bette...
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Hello BP Fam!
I'm currently under contract with my first investment property. It's a 2/1, 1596sq ft, .88 acre. It has a 1200 sq ft. detached garage with electrical and HVAC already installed. Future plans is to conv...
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Hi there,ISSUE: A tenant informed me she is responsible for cracking my glass top range and wants to know next steps for getting it repaired. The glass top / cooktop part is no longer manufactured. If the part was ava...
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Hi All,I had a question about the 70% rule. I understand that you're supposed to take 70% of the ARV and subtract out rehab costs. What does that 30% that's taken out cover? I'm assuming it's covering things like c...
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Numbers (rounded to nearest $100)1350 sf3 bed, 2 bath1 StoryNo GarageListed Price $45,000Offer/Purchase Price $50500Original Estimated Renovation Cost $17000Renovations $20,000ARV $106,000Sold $109,500Closing Costs at...
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Thank you all in advance for any input. I have been interested in RIE for a long time, but I have always been too chicken to give it a shot. I am trying to lock up a deal, and want some input as an exit strategy. I...
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From reading BP articles and listening to BP podcasts, I’ve learned that hard money costs will be dependent on the project, not the individual’s income or credit score. Therefore, you won’t know how many points or wha...
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I am working with a guy overseas now that tells me that he can't wait until September so he can get out of his lease, although, no one will be staying there the next 9 months. I asked him why he didn't pay to get out ...
From my understanding, if the landlord wishes to deduct any amount from a security deposit after a tenant moves out, the landlord must provide an itemized return letter with receipts for each reported issue.If a major...