Martin Tyler
First mult unit property
Had a meeting with a guy selling 44 unit apartment in a small town. Numbers are good. 10% cap rate. But it’s a mom and pop ran place. His books were with a pen and pad. And looked like he did them that day of our meet...
Patric Chiasson
Interested in Buying a Duplex 4 hours away
Hi all,
I'm looking to purchase my first property (a rental property at that). I was going to wait 9 more months until the new fiscal year, as I'll have a higher salary, and I'll have more money saved up which would ...
Bryan Loveless
HELOC using Appraised ARV - Big Fail for me
Hey BP community,I have an investment property that I bought cash, and I recently tried to do a HELOC On it with Wells Fargo in order to get my cash back out. As this was my first time trying to do this, I hit a few b...
Account Closed
'Get a Piece a dat REI Pie' Pattern Phenomenon: Rash Expectations?
maybe i'm the only one noticing it or seeing things but after having been on BP for a few months now, i notice practically day in and day out new member posts (welcome!) with pretty much the same sketch: have no mone...
Joshua Morton
Best Route To Learn the Business
Hello All,My name is Joshua and I live in the Raleigh-Durham area of North Carolina. I have been married just under 4 years and my wife and I have a beautiful little girl. I currently work in the relocation business...
Todd Nordstrom
How will Lender look at this situation??
My wife and I currently rent here in Hawaii and I am looking to buy and hold out of state where I am from.Our current situation is I earn w-2 decent salary, same line of work for 16 years, same place for 10 years. My...
Joel W.
What's a minute worth?
As I'm sitting here doing my annual Officer evaluation (military officer review, BLAH!) I cannot help but be distracted and began to think about this.... What is a minute worth to me? How do I make more money per minu...
Kelson Kanu
Real estate rookie investor
I’m a student at a community college and I live with my mom, I currently work at Albertsons full time getting 500 a week, or 2,000 a month. My goal is to purchase a duplex using an fha loan whenever I get my associat...
Doug N.
Exuberant Frothiness in Seattle?
This is my first post and before I continue, I'd like to thank the BP community for their extreme awesomeness. I have learned a lot in an incredibly short time - 3 weeks - and I see no end in sight for learning much m...
Audrey Wardwell
Purchasing a Property Mangement Business
I am looking at purchasing a property management company. Im currently in the process of reviewing the companies financials. I am hoping to gain advise on how to value a business, particularly a property management ...