Levi Lais
Our investment property burned down! So many questions...
First, I'll lay out the facts and then I'll follow that with the questions...
The Scenario
1. We purchased a house for $467K as an investment property in January, 2022 (the 3rd in our portfolio and in no way would b...
David Wolf
Don't over pay for converted Sq footage like garage & enc. porch
In the 12 or so deals we have done in our 1st year we have done really well, but we weren't perfect. We made a couple mistakes. Mostly on the buy side. My hope is to share the a main one that I have made 1.5 times tha...
Alex Stariha
$174k / year in cash flow vs $730k cash out and $100k / year cash flow
Hey everyone I'm on the fence on one of my current deals on weather to stick with the high cash flow or cash out refi to invest in the next deal.
In short I purchased a 32 unit property last February with a monthly r...
Lane Patterson
Project Management Software recommendations
Looking for a good cloud based software that will help with our multiple rehabs, make readies. Want to track properties with specific project timeline and tasks and associated leads. Your input is appreciated ~
Ben Sturgill
Financial tracking software or spreadsheet
We do fix and flips with 7-10 projects going at anytime. All our deals are financed by a lender at 75% of ARV. They pay for the house then. We front the cash to start the reno then they reimburse us for the work compl...
Mitch Kennedy
New to Minneapolis & Saint Paul!
Hey Everyone! I moved to Minneapolis about a year and half ago but only joined BP last December after I heard about it through my brother. Since then I've been educating myself through numerous books and podcasts. I'm...
Marlon Balogh
Real Estate Frauds Introduction
Several Basic Fraud Schemes to Note:
I have now been in accounting and specifically in Forensic Accounting and Fraud Examination for 7+ years not only dealing with your typical frauds, embezzlement, theft, and breach...
Justin Smith
How To Find Partners and Investors To Fund Costa Rican Deal?
Hello everyone,
Recently a partner of this Costa Rican deal has to liquidate his share of the development and the buy in is around 1 million (the buyer will rec. 175k+ in additional equity automatically.) His loss is...
Gene Murashko
To add, or not to add? Portland Oregon flip.
I have a property in the Lents neighborhood that is just getting finished up with phase 1 of the rehab. After dealing with the city I learned I had to do the remodel in two phases, first on the original structure, and...
Derik Godeaux
Buy & Hold for Equity Leveraging
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $300,000
Cash invested: $115,000
Sale price: $695,000
Property was originally a 3 bed/2 bath home built in 1960...