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best approach for acquiring rentals
If a new investor has around 300k to begin acquiring rentals, would it be wise to buy the first property ALL cash, and then draw on a LOC from that first property to buy the second ALL cash. Or just begin to purchase...
Jim K.
Do You Understand How Ugly This Is Going to Be?
There is nothing sane about what you have to be prepared to do in order to make a start in this business. Please take that as a given. The only thing I can fully agree with Grant Cardone about is his statement that re...
Justin K.
Small Claims Court for breach of contract with a contractor
Long story short.Bought house, needed work, hired contractor with an agreement on price for work. Started work in first of November and told it would be end of the month before it was done. Now we are in the middle of...
Sunny Suh
Diary of my first step: Jersey City NJ Multi-Family- No experience, no idea what i'm doing, no regrets
Hello everyone, Complete noob here. I started investing in a set it and forget it type stock/index portfolio and it has done well. Had to do a lot of research.Now I am jumping in real estate, going for that multiple s...
Nancy Curran
What do you say to people about how many units you own?
Whether I'm showing a unit, or at a cocktail party when people ask me what I do, I inevitably get the question "how many units do you own"? To me, this is quite rude and they are basically asking me how much my portfo...
Ola Dantis
Why Do You Young-ish Entrepreneurs/RE Investors Fail?
I cannot count how many times I've seen a post on BP from someone young-ish saying how they just want to quit college (or their job) and "jump" into Real Estate. When I see these posts my brain immediately chuckles (n...
Mark Updegraff
Share your WORST tenant requests?
Relative newbie to Landlording 101 (just over 2 years)
What is the WORST (stupid, funny, challenged etc) request a tenant has made to you? It can be written or verbal
I'll go first, I expect you more experienced la...
Blake Burnett
Discouraged about long distance property management
I'm working on buying a multifamily property in Virginia. I'm stationed here for another year and a half and then I'm on my way to the west coast. I originally planned and have accounted for a property manager to take...
Jason Chen
Insane 20 room motel deal
I have an interesting success story to share.A number of years ago, I posted about a 20 room motel in Central Florida that was a bank foreclosure listed for sale for $160,000. I ended up winning the property for $180,...
Ken P.
Reflections on the first year as a MF owner
We’ve just passed the one year ownership mark, so I wanted to use this milestone occasion to update the BP community on our progress with the 18-unit package of condos that we purchased from a retiring landlord.First,...