Hello BP! I am one step closer to officially being an investor. I have been presented with a promissory note secured by real estate by a borrower, but I am very nervous about how to proceed with the drafted note provi...
It's been a few months since I last updated. The 5 attached units (of 9 total) are finally ready to show. The other 4 will be a few more weeks. I have attached a before and after of the kitchen. Unfortunately, as ...
Is there a such thing as good debt?If I have to categorize debt, I would say the debt I am paying for, it's bad debt. A debt someone else is paying for, it's good debt.Which means, if I have a mortgage on my house and...
I recently purchased a property in Jacksonville Florida. The transaction had some bumps but we worked things out and closed on time. Later I found the original pro forma provided by the turnkey operator listed the ...
So here is the situation everyone...My wife and I bought a condo back when the market was sky high at 439,000. It went as low as 300,000. It's now around 410,000 and we owe 415,000. Our monthly mortgage is about 19...
When I bought my property 6.5 years ago, I was a total newbie and pretty much did everything wrong. Bought when the market was still high (and interest was at 7.5%) and then shortly after, the bubble burst and my pro...
Hi everyone,I am narrowing down my ways that I wanted to get started in real estate investing. I started thinking about a week ago that a potentially good way to get going is by finding great deals and and selling the...
Hey all!First time post but I have been following BP for quite some time. I'm facing this dilemma of whether or not I should hold on to my million dollar, unrealistically tiny town house. Here's the situation: Situat...
Hello All!
I'm hoping to dip into the collective wisdom of BP and get some input on my high-level REI plan, below. Any and all comments, suggestions, and clue-by-four-ing much appreciated!
WHAT
Go...
I am a new investor in the DC area trying to get my investing career started with a rental property (or perhaps a BRRRR). Whether you are a seasoned or newbie investor, I’m sure that a potential recession is at very l...