Midwestern markets are like football teams. Many people have an irrational attachment to them. Even if the population is declining, jobs are disappearing, and the city is mismanaged, they still advocate for them. So, ...
I'm starting my RE portfolio, and I'm very excited but I'm also overwhelmed. I currently have a 250,000 loan which I am going to invest in Nashville-this summer. Very soon. I'm moving to Nashville this fall, and I'm...
I recently joined BP after having been enjoying the benefits of great information and discussion across the site. My background is in retail banking and I've since moved to a management role at a fintech firm but I'm...
I am looking at an elementary school that has been abandoned. I am thinking I can turn classrooms into several small pods or rooms like a hostel. put in a pool and some nice common areas to make it kind of a pod resor...
Hey guys and gals!Before I get to my actual post, let me just say this..First and foremost, I'm pumped! Pumped about the future and what it WILL hold. Pumped about the big juicy problems I am currently dealing with (d...
I, like most of owners with more than a handful of leases, tend to put some sort of separation between the tenants and me. With most properties, this separation, usually via a management company, is desired to preve...
A little over a year ago I bought a triplex in Chelsea with 2 tenants in place. I've poured a lot of money into repairs because previous landlord didn't take care of anything, then I put in a 3rd tenant. I've been luc...
I want to get some feedback on an investment strategy I used in 2003-2005 that I call the "pre-construction flip". It works like this:Identify high appreciating markets (greater than 12% annual)Identify home builders...
Scenario: Contract buyer and seller enter into a Contract for Deed. Buyer immediately files Memo of Agreement in the situs county. All goes well for two years and Seller applies for loan. Mortgage Lender realiz...
I've had so many people tell me, "If only I wouldn't have sold that home, I'd be retired.." etc.. So many, over so long, who wish they wouldn't have sold that property when they moved to a new primary residence, or...