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I have a property should have been a winner but ended up being an ugly monkey on my back for the last 8 years. It currently loses about $1k/month which is about what the principle payments are (yes, there are 2).I bo...
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Hello,I own with a partner a commercial building here in Kentucky that we have done some work on, had an LOI and prelim contract but nothing has come through. It is about 20,000 sq ft with a parking lot and about 1.8 ...
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Hi everyone,Posting a newbie question here, but wanted to get your opinions since I joined BP last week and I am still at the books/webinars research phase. I'm currently in Los Angeles (Century City/Beverly Hills ar...
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I know the market got slow down for flipping properties, but still I would like to ask these questions so I can understand how and what everyone is doing.
Questions for active rehabbers..
1. Are you currently activ...
I have been in a good/bad dilema for some time based on my success as a real estate professional. Since we are growing and taking on new projects, my write offs have steadly increased or at least kept pace with my i...
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So my tenant has a "broken" shower head. More like its clogged. Asked her to clean it and she said it doesn't work still. The tenant and shower head have been there since I purchased the property. It is one of those k...
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Hey BP,I'm looking for some advice and/or for you to poke holes in my current situation. Let me preface this with the caveat that I know I would like to move elsewhere (maybe outside of Pittsburgh even) within the ne...
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So here’s an example Brrrr just to see if I understand how the numbers work.
House valued: $100k
DP: $20k
Loan: $80k
Rehab: $20k
ARV: $160
Refi: $160k * 75% = $120k
Cash out: $120k - $80k = $40k for next deal
...
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I have remodeled and rented out a few houses. I am thinking of doing a flip and am interested in multi family rentals also. But they all require more cash than what I have. I have a little to work with but not enough....
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Hi all,New investor here looking to house hack a first investment property. I'm in western North Carolina which is a "hip" vacation and arts destination for many. Medium incomes are the low $30Ks, but median home pric...