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Wanted to know seasoned investors opinion on this. There is an area where property can be bought for under $50k and in very good condition, many move-in ready but in one of the countries worst cities; Camden NJ. Th...
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We're almost done with our rehab on one of our houses and we decided to keep the existing tubs because the area doesn't warrant a complete redo of the baths.
The tubs are a little dark from years of use and we want t...
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Hi, BP friendly names and faces :)Long time lurker, first time poster.How often does one have the opportunity to help out a seller without profiting from a sale?SO.. Here's what I did today:I got to make a cash offer....
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Hey guys,I'm looking for my first large multi-family. I come across one that is in my sweet spot as far as location. Exteriors are in good condition. Interiors are very dated, a couple of units have been completely re...
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Hi, I just wanted to share my first flip with the BP Community. On February 1st I purchased a single family for $105,000 from a wholesaler. The property was the ugliest house in the neighborhood and was abandoned mi...
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I heard on a podcast awhile back about an investor seeking out bank's REO portfolio's often from a bank officer or president. This is a strategy that I would like to look into for my next deal. What is the best way to...
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Hi All- Newbie investor here, searching for my first rental property. This has been a goal of mine for many years and I'm finally in a place to pull the trigger.I live in So. Cal and (though sparse) I'm able to find...
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Hey BP, I have a 3 unit property in Logan Square, Chicago. I have a PM management company that takes care of it, and in the past 5 years, didn't pay much attention to the numbers. As I started scrutinizing the numbers...
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A lot of people want to use REI to escape their 9-5 and replace their W2 income so they can live the life they want. That leads to the reasonable question 'I need/want $7/10/15k/ month in free cash flow(FCF) from my R...
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Bought a teardown at a tax auction, went in and knocked a hole in one of the kitchen walls, found three stud bays filled with plastic-wrapped used bills, mostly twenties but lots of fifties, hundreds. $873K total. The...