Hello all,This is my first post on BP and I am excited to dive in. Thanks in advance to anyone who reads this or replies.I've been reading Frank Gallinelli's book What Every Real Estate Investor Needs to Know About Ca...
Hello world!This week OpenAI announced the launch of its custom GPT functionality. I started one to help STR hosts (free to use):ChatGPT - STR Property Optimizer (openai.com)The focus is on discount pricing strategie...
Real Estate “Enhanced ROI” Techniques
Summary of advanced techniques used in real estate transactions to enhance return on investment, yield and velocity of capital resulting in greater wealth
1. Sell a property w...
Because my lender (conventional mortgage through a bank) botched giving me the rate we had agreed upon (I have an e-mail to prove.), in order for me to close on time, I had to take the incorrect rate (lower rate, payi...
Does anyone give a discount to their renters for paying in advance? I have yet to do this, but when I talk to friends and family that some of my tenants pay me 3 months at a time they always ask me if I give them a d...
Not sure this is the right section but would appreciate your thoughts. For reasons immaterial to this question, another investor agreed to pay be $500 per month every month for 30 years. He will keep his word but, if ...
Hello, A few months ago I wrote about how I was done procrastinating and ready to get in the game. Since then I have been viewing properties and today I saw one that I thing the numbers might make sense and I am ready...
I am negotiation on a property with sellers to create a note for $70k, 5% interest on a 30 yr amm, 10 year balloon. Property is a duplex in NE Ohio. Needs about $15k in repairs I will be doing this fall. After repa...
I bought a property in 2004. Later one of the renters wanted to buy it from me. I sold it to him via owner finance. Some years back he could no longer pay for the home and was moving away. I took the house back for...
This is from page 98 in the book.Johnny owes you $10,000 -- interest rate is 10%, payment is $132.15, number of payments is 120.He's going to sell his house so he asks you for a discount if he pays it off now.You agre...