I constantly see investors buying up HOA liens at the foreclosure auction and wonder what is the reason? If they had no mortgage or a low balance on the mortgage, I would understand. Most times they are way under wate...
Hello BP world and happy holidays!I'm new to BP and have been listening to one youtube video on my commutes to and fro work for the past 2 months. I own 2 free and clear properties in south Texas ( one is a solid 3/2 ...
Who here is a full time wholesaler? If you could go back to the past and talk to the ‘you’ that was JUST starting out before having closed your first deal, what would you tell yourself knowing everything you know toda...
I know the "50% rule" is bandied about as gospel here in the forums, but haven't seen any actual, hard data that says that operating expenses tend to be ~50% of gross rent income. I'd like to verify this number is, in...
I am in the position to go green aka electric thanks to solar, the numbers all make sense to move in this direction. My net out of pocket expense is roughly $14K, finance it with a low payment, and rapidly pay it off....
Hello,
I Just wanted to give everyone a quick update on the RAD Diversified scandal that is currently unfolding. As of April 1, 2024, RAD Diversified (a REIT), has officially put a freeze on withdrawing any and all ...
I have a lot on which I am looking to build 3-4 high-end townhomes. I am looking for a good construction company with architect services to handle the entire project. I think I am approaching it wrong. I cannot get...
Economic Update
(Monday, August 31, 2020)
The US economy got crushed in the second quarter, with the worst decline in real GDP for any quarter since the Great Depression. However, the good news for real estate...
Brief background: I still own rental property and relocated from TX to AL in 2017. I decided to rent a house for a year to decide where I’d prefer to live long term instead of rushing.
Straight to the point: I am bu...
I’ve recently come across the concept of “personal banking” through “overfunding” whole life insurance policies and leveraging the cash value to buy assets.In theory it sounds like a can’t loose situation. You have a...