Melanie Stephens
Biggest Mistakes/Lessons Learned: Short-Term Rentals
Hey everyone!
My name is Melanie Stephens and I write the “Biggest Mistakes/Lessons Learned” column for BiggerPockets Wealth Magazine.
I am looking for BP Member stories for an upcoming column on Biggest Mistakes ma...
Omar Merced
Just bought a 18 unit for $12,581.36 in Ohio
Well sort of. I have to pay back taxes of $20k and about $1k in back water. And, yes it needs a full rehab but if I did my numbers right after all is said and done I'll be sitting pretty. I close this week so once I d...
Brad Penley
$1000 cash flow per month SD should I keep
I have a duplex in a very popular place in San Diego, CA. I make $1000 over the mortgage and cash flow $800. I’m getting stationed in Florida and would lose a significant amount of cash flow if I had both properties b...
Nicole Obregon
Would you rent to someone who had a past eviction?
Is this a deal breaker for you? Is it an automatic disqualified? Or, do you take it on a case-by-case basis?Here's some background info on my situation:Renting out a townhouse in a decent, working-class area, some cri...
Account Closed
Buy & Holds Out-of-State Portfolios - Who has been holding for 10+ years?
I'm working numbers for some out-state buy-and-holds. As usual, I'm underwhelmed by the numbers, especially in the Midwest and the South. Man, those are some low rents, even in good areas for good houses.I'd like to...
Roee Hazut
successful RE investors told me to not invest out of state
Recently I had the opportunity to speak with two investors, they are both in their 60’s and both of them have managed to create a great financial freedom for themselves and their families. I was really happy to have t...
Harry Arnold
Is it just me, or has BP changed over the past few years?
It seems to me that BP has changed. I can’t put my finger on exactly when - but, I think it started about 3-5 years ago. Up until then, BP was filled with good stuff, real value, from real REI at all levels. The conte...
Brandon Lowery
Qualified Intermediary Scam?
Hi everyone... I'm new to this forum, thanks for having me.I'm in a little bind and need some help related to a 1031 exchange where a Qualified Intermediary is holding $113,344.93 of my money. Looking for some advi...
Eric Delcol
Why do some people try to sell their house without an agent?
I'd like to pose this question to anyone who has insight into the 'off-market' market.Why on Earth would anyone not use a real estate agent to sell their house?It reminds me of the people who attempt to perform medica...
David Campbell
Never invest in a cashflow negative property?
I invested in a property in property in San Diego in 2015, whose numbers were indicating it was going to be cashflow negative by a couple hundred dollars per month. I was a little surprised at the near universal advic...