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Starting to transition my 25 rentals off my property manager and doing it in house. The plan is to manage a few myself with TenantCloud- then when I have my systems in place I am going to hire someone to do the book k...
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Hey BP family, long post for a newbie with the highest offer on an REO. I could use some outside eyes to help me see if I'm assessing my situation correctly.I've been casually browsing the market in my expensive Virgi...
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I’m a big fan of cash reserves. The covid outbreak has only emphasized this. The problem with cash is that if you have any form of debt it literally costs you money to hold cash. To get around this I have a big line o...
I have been in a good/bad dilema for some time based on my success as a real estate professional. Since we are growing and taking on new projects, my write offs have steadly increased or at least kept pace with my i...
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Call me skeptical,,,Than Merrill from 'Flip this house' TV show has a radio ad running right now. says he has a 'free' seminar next week for '20' callers and there friend to attend and learn how to make 10 to 40K per...
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Hello BP is been a long time since I was last on the site, but I was working on my NYS RE course. I have just finished my final exam and have scheduled my state exam, and am confused about how I should get started int...
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I just found this very nice 8 flex that cash flows very well, the unit is vacant right now; but rentals seem to be strong on the area. I am trying to reduce my risk and speed closing, so I am placing 30-50% Down. The ...
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I'm very interested in LED lighting, and we're starting to try it in our home. These lightbulbs are (in theory) meant to last 20+ years (ask me when I'm 65 how that's working out.) And they are very cheap to run pe...
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I have been living in NYC since 2006 when I came to US. All this time my plan was to start a business and invest profits in real estate. This year I have closed my first business with some financial loss, but educatio...
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Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $110,000
Cash invested: $22,900
This is a mobile home park that I purchased from a “mom and pop” that lived i...