[Note: This post was originally a reply to an OP from Columbus, OH talking about having been "Accepted" into the mastery program. I felt it needed to be disseminated wider than that so others can decide for themselves...
A turnkey home for 100k renting for 1k (1% rule) would net you worse than the stock market 16 years later. I went back through my 1099s and calculated my return and estimated closing costs, federal taxes, capital gain...
Hi everyone!
My name is Melanie Stephens and I write a column for BiggerPockets Wealth Magazine on “Biggest Mistakes/Lessons Learned” in real estate.
I am looking for stories from BP members about that ONE deal or ...
In the thread about the TV show Property Wars, it was brought up about things found in and on foreclosed property.
1. In a recent one there was the last occupant's ashes. I called the relative to come get the ashes...
I have heard from people on these boards that I can expect the operating expenses of the house I purchase to rent out would be about 50% of what I can get for it monthly. I could be misunderstanding it, but how is th...
I have looked at 50-100 deals in my area of West Los Angeles. It is difficult to find properties that are cash flow positive after expenses and debt service. Basically, the deals do not look very attractive. I am curi...
I'll try to limit my rant here, but since the Wall Street Journal published a somewhat nasty article about Airbnb investors in late April and I represent a lot of Denver Airbnb Investors and Colorado Springs Airbnb in...
Hi,I have 5 flip-to-rent properties, and i have a day job as well ... I just refinanced a property and my loan officer said I have a "high debt to income ratio of 48" What does that mean? How do I get this down? I am ...
I’ve been convinced that I may have to start out in Real Estate by Wholesaling properties. However I’m very paranoid about following the law to the “T”, especially knowing full well I have Attention Deficit Disorder (...
Buyer gave me a low-ball offer. Then they came up to $95k all cash, saying that's the best they could do. OK.... Well, I said $99k was the lowest I would go, considering the buyer's agent commission % is really comi...