Charles H.
Strategy when making an offer on WAY overpriced building
Hello all,so I found a 10 units building, that is apparently with 50% vacancy. Not much info except that it is listed with the potential GRI of $70500. it's listed for $450,000 (lol). Not renovated in a while. Roof se...
Jason D.
Buying First Rental Property. Thoughts?
Hey all, my name is Jay and I live in the central Texas area. I'm currently in the process of selling my condo and possibly purchasing my first rental property. Here are the details:1) I should net $30k-40k on the s...
Account Closed
What is more important in your rental houses, a basement or a garage?
I have been looking for sfr deals for at least a month now and the agent I've been working with has been adamant that we only look at properties that have a basement and a garage. The problem with this howe...
Ben Stoodley
Hard Money Lenders - Why do you not use them to leverage your deals?
Hi All,I have found the vast majority of Real Estate Investors do not use a Hard Money Loan as a source of funding their deals simply due to the fact that they do not know enough about the process. In the RE Investmen...
Jay Hurst
The fed just cut mortgage rates right?
Well, no, the fed cut the fed funds rate which is the rate that big banks lend money to each overnight. Therefore, the Fed decides what the shortest-term loan cost will be. The market decides what every other interes...
Devin James
Mortgage Rate Drops
Every time mortgage rates drop, we see significant increase in Buyer activity. When mortgage rates dropped earlier this month, we received a significant amount of showing requests on our listed homes, which ultimately...
Brian Burke
It’s 2019–Whatcha gonna do about it?
Last year I posted a thread “It’s 2018–Whatcha Gonna Do About It?” and it got a lot of great response. So why not do it again? Every year around this time I see threads on BP asking about your goals for the coming n...
Sarah Young
If a tenant requests upgrades to home, what do you do?
We are moving out of our home and have renters moving in. This home is large, very well kept, and in a very nice neighborhood. The tenants moving in are wealthy and have expensive taste. (Just to paint the picture for...
J. Martin
How Close to the Top? - SF Bay Area Housing Affordability Analysis - (w/ Charts & Graphs!) by me
Executive Summary:Because of the real estate I own, and prospective potential purchases, I wanted to know more about where we are in the real estate cycle in the SF Bay Area. Inspired by great students and researchers...
John Carbone
The Home Equity "Myth"
I hear a lot of talk about how it's different this time, and real estate prices won't be affected too much because everybody has so much "equity" in their homes. What people fail to understand is, why do they have so ...