Account Closed
Am I ready to buy a rental property if this is my situation....
Currently we have $100,000 in cash. I own 2 businesses and they both are in year 3. In year 2, we generated about $50,000 in profits from one business (50-50 as I split it with a partner) and $30,000 in profit from th...
Account Closed
Inheriting a tenant - tell me what you think?
So I'm seriously considering putting an offer on a 1b/1b rental unit. The unit is in great condition, the location is awesome, the numbers check out. The unit already has a tenant in (tenant moved in almost 2 months a...
Spence Kal
Newbie ( in over my head? )from NE Ohio
Good morning fellow real estate lovers, my name is Spencer, I’m from northeast Ohio, about an hour east of Cleveland. Go browns! (Kidding). I’m a college student going for graphic/web design and business, and always b...
Ron Williams
A Fresh Look at the Housing Market | Hilton Head Island, SC
If you're keeping an eye on the U.S. housing market, you've probably noticed some pretty interesting shifts happening lately. The National Association of REALTORS® (NAR) just dropped some numbers, and guess what? The ...
Richard D. Sanders III
Buying Foreclosures Before Auction
Hi,I have a friend who works for the banks on their foreclosures. His job is to go into a house once they have been foreclosed on and submit a bid to fix the house up. He is also in charge of keeping the lawns mowed f...
Robert M.
Is 50% Rule (Guideline) still relevant in your market
Hi Everyone....Tax season is great to reflect and really dig into your numbers! I have found that my expenses are creeping up year on year and revenues remain relatively flat. Atlanta MarketProperty taxes have doubl...
Grace T.
Buying Vacation Rental - What Specifics to Include in Contract?
We have verbally agreed on purchase price to buy a successful, profitable vacation rental condo in Colorado. Owner uses a primary property mgmt/marketing company for the condo but also does some of his own marketing t...
Rodrigo Viei
What type of business entity for wholesaling?
What type? I know most experienced wholesalers in this board use LLC, but for a newbie like me that is just starting, is an LLC that important? A wholesaler that does very good in the business told me a DBA will do fo...
Jeremy Karja
Can you BRRRR a turnkey property
Hi BP,
Can you BRRRR a turnkey property? At least pull out a majority of your investment? Obviously depends on scenario etc but generally speaking. I know it depends on goals and the goals is keep as much of my cap...
Rick Roach
Should I start out with SFRs or Multis
My son and I are just getting started and trying to determine the best way to get started in the Tulsa Oklahoma area. We would like to pool our finances, time and talent to wean ourselves of 40 hour jobs and invest fu...