Scott V.
We're told to skip small deals and start big. What about lending?
Hey everyone, first post on BP but been lurking for a bit. I know many people on here have started their REI journey with single family and other small investments. Some "gurus" out there say to skip the small stuff a...
Tyler Tacy
Removing Long Term Older Inherited Tenants
Hey guys, I'm 23 and closing in on officially purchasing my first rental property, just finished inspections this week. The property is a 4plex in a great part of my town. Two of the units are currently rented to LONG...
Sharon Carter
No More 'Subject To' Transactions
I just received an email from Phil and Shenoah Grove requesting investors to join forces and fight against a bill being proposed to legislation which will effectively STOP investors, buyers and sellers ability to purc...
Shiloh Lundahl
How hard would you be willing to work for a million dollars?
When I was a kid, I would look at the cars as they would drive down the road. All of the cool cars I would either think to myself or ever say aloud to myself, "That's my car." And when I was asked how much money I w...
Kelly McClellan
Transition from active to passive investment
Good morning BP members. I am actively seeking to make connections with those who have successfully transitioned from active ownership to more passive real estate investing. I have been on an information bender as I ...
Phil Mcnally
$400k, 1 to 4 unit property with 1% rule. Anywhere?
Hi AllConventional loans for residential property cover single family, duplex, triplex or fourplex. If I want to maximise each available loan without going into jumbo loan territory ($424k limit) it would be ideal to ...
Chris McDaniel
How I made $64,000 but had to wait 1 year to see it.
So here is my $64,000 story:December 2013 my phone rang, it was a former co-worker who had fallen on hard times. He called me and asked, “are you still buying houses”? I told him yes I was, if the circumstances were r...
Jeff G.
Proposed Rent Increase Limit of 5%/Yr Nationally?! Seriously?
Apparently the White House is pushing for national rent control. Landlords with 50 units or more would be limited to a maximum of 5% annual rent increases. The linked "fact sheet" is, well, oddly light on facts. For s...
Scott Trench
Who's at the most financial/leverage risk in a recession?
Hi Team - I wanted to walk through a couple of quick thoughts on what I see as the most at-risk parties in a potential recession. 1) Middle-Class Homeowners - A middle-class homeowner reliant on one source of income, ...
Sabrina Brown
Difficulty selling rental properties at loan amount
I own 3 rental properties in Memphis and have been renting them out since I got them. However, last year I tried to sell them at 25% below market value and still only got offers for less than the loan amount. I ende...