Kenneth LaVoie
Sell or hold poorly chosen property
I started out fast. I had a 5 year plan and condensed it to 1. As a result, I made a few mistakes all at once vs. make a mistake, learn, make another, learn from that, etc. Okay, lesson learned, but "compression" is i...
Nazz Wang
What Color Are Your Rentals?
Hi BP Family,I want to ask what your favorite wall paint color and finish (flat, satin, etc.) are for your rentals. Or if you have a bad color or brand that failed miserably, please do tell.I have always painted my pr...
Joey Gorombey
AirBnB Bedrooms while I'm In The Living Room?
Thinking about doing this for extra income on a prospective property (Class A neighborhood, but tenant leasing below market rent and I'm out about $1000/mo after all expenses). Has anyone else done so? Security concer...
Dan Simpson
Potential rehab house advice
So a realtor buddy of mine showed me this house today. He's found me two great houses previously that I bought before they went on the MLS and went for higher prices. I'm considering buying it but would love some advi...
Shaquetta Chittams
Renovation Cushion
What percentage of my rehab budget should be set aside as a cushion. Right now the renovation budget is at 45k and we haven't opened any walls, looked at the roof or the furnace. We know we want to update the kitchen,...
Justin Eaton
Successful Flip Details w/Photos and Numbers ($95k reno)
Hello BP World! I've recently completed my biggest project yet which included a renovation cost of approximately $95,000, multiple offers, a quick sale to a military couple, and a happy closing! :) Buying the property...
Herbert Wu
How to deal with no showings?
Hi, Recently I bought a new home, but have difficulty to sell the existing single family home - three months on the market without a single showing. What I did so far:- Priced at 700k+ level, but reasonably with sim...
Jim Macedon
How Reliable is a Builder's Bid?
Good afternoon.I have a question about bids you receive from builders for new construction. My understanding is that if you sign a contract for a guaranteed maximum price, that is pretty solid. The builder has alrea...
Mike W.
Why won't my investment property in Lincoln Park Chicago sell?
Hello world,What am I missing? I realize it's a pandemic, but other similar units are selling, this one will not sell.I own an investment property condo, 2bd/1ba in Lincoln Park in Chicago. It's in the heart of Lincol...
Steven Gray
STR furnishing strategy
I am closing on a 2/1.5 condo in Destin Florida next week and closing has eaten up all my capital. I need to re-do the floors but that's it for a rehab and I'm doing the work myself, It will bring me in a net profit ...