Shawn Connors
Why I Failed!!!
Hey BP,Disclaimer: I made many mistakesUnfortunately this is not a success story, but I have learned a lot from this deal. This was my first potential deal that did not turn out so well. I got a house under contrac...
Sean Brennan
My Preliminary Business Plan
After some in depth study over the past few weeks, including hours of BP produced audio, interaction with the community, reading 123flip.com, and Marty Boardman's book, I think I finally have an understanding of the b...
Terry Portier
How much you making on builds?
What percent, and how are you taking your profits in materials and labor or sale of home?
Heather De La Cruz
This might be dumb. I want to sell it.
I think I have too much going on and I'm considering making a decision that's a little rash. I have a duplex which is generating a little over $1025.00 after mortgage and escrow. It's an hour and a half away. I work f...
Danny Randazzo
Zig When Everyone Zags
I have been thinking about this statement daily for many months now. I'm constantly thinking about ways to be different or learning new skills or finding new deals or doing podcast interviews. I think you get the poin...
Kal Wol
How much is good asking price for BRRRR method
Hello awesome BPsAfter pushed out from the competition, I am going to put an offer on distressed property in the hot area. The property has been sitting in the market for a while and it needs a lot of renovation - the...
Daniel Thomas
If you have a good deal the funding finds you - MYTH?
Hello BP, I have a dilemma. We have all heard the subject line a hundred times and yet I dont believe this to be true (in my short experience). Here I am a newbie trying to secure my first deal in Omaha, Nebraska, t...
Brenna Wood
First Time Landlord Needs Advice
We are about to endeavor in the landlord world. We just listed our property for rent on Monday and have a lady coming to look at our home tomorrow evening. Is there anything I need to do to prepare for her visit?She t...
Craig Osterloh
50% Rule and $100 Cash Flow
I guess my question is how accurate do you find the 50% expense rule?
If you gross rents are $2500, a margin of error of 10% on your expenses would result in a $125 difference in cash flow. This might result accepti...
Anthony Phillips
First Brrrr property breakdown. NEED some advice!!!!
So I just completed my first Brrrr.
Purchased house- $235k
Rehab-15k
Appraised value- 325k
Currently rent- $1,950
Mortgage- $1,681
Cashed out $250,000
So
I think I did a pretty good job for my first brrrr t...