Brad Gibson
Seller Wants to Back Out After Contracts Are Signed
Submitted a full price offer for a 3/1 with a guest house. The numbers work great after house is rehabbed. Offer was signed yesterday by seller & I paid both earnest money and option fee. This morning, the agent c...
Willow T.
How I Made $104,000 on My First Flip Purchased for $31K
Overview of the numbers: Purchase Price (Cash Sale) $31,500.00 Closing Costs $2,019.02 Rehab $29,800.00 Mold Remediation $1,950.00 Furniture Cost $1,200.00 ...
Maurice Davis
My tentant's father just called me to tell me his son is missing and he wants to break the lease?
My tentant's rent was due on September 1st and have not received it. I tried to reach through text and left a message on his cell phone with no response. His father just called today asking me if he had seen his son...
Jason Baik
How I went from a white lie to 300+ units in 1.5 years
Hello all,
I’m a former corporate data scientist turned full-time investor. I’ve had a tough but rewarding journey these past few years and I’d like to share my personal experience to hopefully help others in the ear...
Tony Velez
50% rule
My question is this. If I use the 50 percent rule in my market. Most of these properties qualify easy. Do I make an offer then ask for actuals? There's many properties I want to pull the trigger on. Any advise?Thanks...
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 ...
Amy Ranae
To pay off student loans or put $$$ down on a rental
Hello Friends! I'm a realtor working in the twin cities and I do a lot of good business. I got into real estate to pay off my student loans without really thinking too much about investing. However, the more I work wi...
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...
Larmon Cummings Jr
Deal Falls Apart At Closing-Lost $7k!!!!
Hello BP Community. I wanted to share a recent experience I encountered in a wholesale transaction that fell apart on me in closing. I want to share this experience so that maybe from hearing this it can help to educa...
Daniel Windingstad
Out-of-State LTR Investing
Hello,I own 2 properties (1 sf, 1 duplex) in Minnesota, and find that the rules, fees, tenant laws, taxes, etc. In Minneapolis are making it very hard to be profitable. The best thing i seem to have going is appreciat...