William C.
Agent is “wholesaling” property on MLS
Wow, this one is a doozy. In all of my 10 years I have never seen anything like it.Friday a client of mine discovered a property for sale that he has had his eye on for almost 4 years. Back then, it was listed for $...
Daniel Tisdale
Buying a Rental Property that has negative cash flow in Austin
Hi,I have been presented with a very unique and rare opportunity to purchase the home right next door to me in a very hot neighborhood in Austin, TX. Because of this opportunity to potentially sell both lots to a deve...
Tiana O.
How did you get your first 10 rental properties?
Hey BP Fam, do you remember your first 10 rental properties? As a newbie REI, I would love to hear more about your experiences starting out. I've set a 10 year goal for myself to acquire 50 rental units. As a shorter ...
Rob C.
Hard Knock #1
My first attempted deal in REI turned into a bust yesterday as the seller failed to perform. I'm hoping to field some advice from the biggerpockets crowd on how to handle this situation. It's a bit of a long post (sor...
Chan K.
My Tenant Messaged Me and Asked for 2 Weeks Extension
My BP Landlord Community,
One of my tenants messaged me and told me that she won’t be able to pay her rent on the due date. She will need two weeks extension. She sounded very confident as she had done someth...
Ash S.
Non compliant, rude and arrogant tenant
At the time of screening, he had a credit score of around 600-615. 94% time on-time payment and one collection. I took a risk as this tenant has a family. Tenant was more than willing to get into the property(as he ga...
Maria A A.
Seller Refuses to Return Earnest Money Deposit
Seller in Columbus OH refuses to return $1000 earnest deposit to Buyer despite cancelled contract and demands $500 before returning the deposit. Seller wont sign mutual release claiming they were not given time to rem...
Joshua Dorkin
Your Toughest Deal - What Was It? Share Details!
There are a lot of discussions on the site about starting out, but I find that those discussions where people share the challenges they went through on difficult deals are the best to learn from.
So . . .
What Was Y...
Brandon Sturgill
What % Do You Use for Expenses & Vacancy on a Rental Property?
Do you have a standard percentage you use for evaluating a rental property...I feel comfortable with 10% across the board...any thoughts?VacancyCapXRepairs...Thanks
Joseph Schweizer
My first investment property - An out of state deal
Investment Info:
Single-family residence buy & hold investment in Kansas City.
Purchase price: $68,500
Cash invested: $14,000
Contributors:
Zach Lemaster
I recently worked with Za...