Adam Craig
BRRRR - Am I over improving my rentals?
I am wondering if I am over-improving some of my rentals with the BRRRR strategy. Specifically regarding painting cabinets instead of replacing them and putting in shower surround instead of tile. Normally we have br...
Account Closed
Is a swimming pool worth the capital cost?
I understand swimming pools are usually not a big payoff improvement, however a colleague I greatly respect speaks mountains of them. Is this something I should put some of my seed capital toward on my current flip? T...
Andy Wilson
How would you define Over-leverage?
Hi BP,I realize again the importance of avoiding over-leveraging especially in this unforeseen recession crisis. I thought I would never leverage more than I can handle (pay them all back) in the worst situation, but ...
Ahmed Bayoumi
Duplex in Little Haiti Miami - Fix&Flip
Investment Info:
Small multi-family (2-4 units) fix & flip investment.
Purchase price: $326,000
Cash invested: $98,000
Sale price: $605,000
This is a duplex in the Little Haiti area of Miami....
Alex Corvin
Minimal/no cashflow, but good potential for appreciation
Hello BP community. I'm considering buying a property to hold and rent out, and would like some more input on whether it's a good buy.The property is in the Raleigh, NC market, specifically in the downtown Cary area (...
Kiersten Vogt
Septic Inspections? Do you do them or waive ALL contingencies?
We're putting a cash offer in on a property. It's a property that needs some work and we'll be living in it and then doing a cash out refinance to purchase another investment property. It has a septic system and has b...
Hemal Adani
Do I need title insurance?
Hello, I have mortgage on a property. Lender has ordered and received lender's title insurance. Do I owner's title insurance as well? Should I get one after mortgage is paid off?
Marcin G.
REO inspection
How do you handle checking the house before you buy it if the utilities are off ? lets say you spot a deal on the block but there is no running water, gas is shut off, electricity is off …there is no way you can ch...
Amanda Schlener
DC Condo Assoc Foreclosure on MORE than 6 mo. Superpriority Lien?
Hi! So I have attended several of the Alex Cooper foreclosure auctions in DC to bid on Condo Association foreclosures (as opposed to those being foreclosed on by the Lenders) because a lot of the time it seems to me t...
Micah Redden
Net Worth vs. Cash Flow
Hello,I have a question about long term strategy. I currently have several rental properties that I own and that generate great cash flow. However, I was able to purchase these when the market was more depressed tha...