Joe Schultz
Selling homes, other ways without paying 5 or 6%
I just don't think that paying 5 or 6% to a realtor to sell a home is necessary. Having to pay the 2 1/2 - 3% to list a home to get it on the MLS seems to high to me. I know that realtors do more than this but it stil...
Jiri B.
Do you ever write an offer without seeing the property?
How often do you write an offer for a home that you have not seen in person? Do you always just lowball hoping to find a seller that will take the bite? How often does that actually work and how low the offer was? Was...
Nick B.
How objective or subjective is apartment classification (A,B,C)?
Hello BP,Are there any specific set of features that must be present or absent in a certain apartment class?Here are few items that I sometimes get confused about:Age: 0-10 - "A", 11-20 - "B", 21+ - "C" - this is a ge...
Account Closed
[SF bay area] Selling primary residence to buy investment properties and rent myself
Hi all,I am from Fremont, CA and want to get started in investing in buy and hold properties.I have read lot of posts on BP and done research of my own. I have explored areas like Sacramento, Stockton etc but I feel ...
Carlos Rovira
8% Cap Rate to 23% Cap Rate in 30 Days - Miami, Florida
Just thought I'd share a big win to inspire other investors:I recently purchased a 3 unit triplex in Hialeah, Florida for $270,000. It was below market value for that area and I bought it under rented at $2,600/mo. Th...
Jeffrey Lo
Hello from Silicon Valley
Hello everyone, My wife and I are mid-30-something Silicon Valley professionals looking to diversify our investments (only stocks today) to include a large portion of it in real estate. We love real estate. One of our...
Chris Randall
Do you think giving my Porsche away is an Innovative Strategy?
Please let me know if this post is ok here...I'm giving away my porsche as a marketing test to find investors.What do you think? Good idea or Bad?Where would you recommend I advertise this promo?PS I can't seem to upl...
Jacqueline Lee
Is “OPM” real or a myth?
Along my journey to understand how to acquire my first property, I have encountered people that swear it’s possible to use other people’s money (for down payment, closing cost, rehabs etc) but on the other hand I have...
Ellie Perlman
Why Do Investors Keep Overpaying On Properties?
Overbidding is the opposite of being a conservative investor. It happens when you buy above the market rate, compared to similar properties in the same general area. Another telltale sign of overbidding is when you pu...
David Roth
Detroit Area Investors Question
I recently started my REI venture in the Detroit area 1 year ago and I have been trying to figure out a good strategy for how to continue scaling while covering costs per property. The issue I'm running into is with t...