Jason Schmidt
can someone please explain this 50% rule to me?
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...
Account Closed
Ramsey vs Kiyosaki - To borrow, or not to borrow?
I am a big Dave Ramsey fan, and I have been for years. I am debt free, except for my house and intent to stay that way. Well, at least I intended to stay that way. I recently read Rich Dad, Poor Dad. Robert Kiyosaki's...
Thuy Pham-Satrappe
Do you invest in high crime areas?
For those of you who actively choose to invest in high crime areas, what do you make sure to factor into your numbers? -higher vacancy-higher possibility of turnover -hiring a property management company with skill an...
Account Closed
Should I file for bankruptcy?
A couple disclaimers before I start:If you look through my profile and previous posts, you'll see that I am young (just turned 22), and also may believe I don't have the right mindset or maturity yet to start REI. Thi...
Joshua Johnson
I hate this website.
I have realized I really do hate this website. Let me explain.I am brand spanking new and just learning at this point. I haven't been able, due to family situations, to truly do more than just learn. (and I am gettin...
Joseph Bramante
What is stopping you from investing in multifamily?
Hello BP members!!
QUESTION: What is stopping you from investing in multifamily properties? What questions and/or concerns do you have about multifamily investing?
I joined BP about 3 weeks ago and have been blown a...
Cody L.
Wholesellers - Stop. Read this. Wholesaling is ...
...Dumb.
[Sorry to be mean. My comments as an owner -- rant ahead]
Seriously. How much are you guys paying for your "lists". How many of you think buying a list of: owners that got a red tag. owners that got an...
James Sinclair
Wholesaling (Against the Law?)
I have not wholesaled a house and finding one that would make a acceptable deal, for a buyer, is very difficult in our area. I have done two fix and flips and they are a lot of work and a fair amount of risk as well....
Duy Nguyen
Direct Mail - is it still working?
Hello all,What kind of marketing strategy are you guys doing nowadays? Does DM still work in today’s competitive market? I sent out 3.9K letter this past month (I am committed for a 6 months campaign). It has been abo...
Mark S.
American Homeowner Preservation (AHP) Fund
I stumbled across the American Homeowner Preservation (AHP) Fund ad on a podcast. Upon going to their website and researching further, it appears it's a hedge fund that buys discounted mortgages and supposedly tries ...