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Hello. I was recently in talks to purchase a three unit building in Maine. Original asking price is $110,000. Owner dropped price to $83,000 after approx. 9 mos on market. The owner is the son of the deceased prev...
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My fiance and I are trying to purchase our first home and get in the REI game. We have been on the "funding/financial" step for a solid 3 months now, trying to figure out what we can afford. Our expectation is to do a...
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Good evening Bigger Pockets community! I am currently running some aggressive marketing campaigns to 10-100 unit owners in specific cities in Texas. I also have a team of bird dogs driving for dollars writing down the...
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The idea of using an RV as an Airbnb is very attractive to me. I spend 3-4 days away from home at a time. The city will remain constant for a year or so before I get moved again. A mobile investment would be perfect, ...
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We FINALLY listed both of our houses for rent and received an insane amount of interest. I have responded to more than 40 e-mails. Due to the interest, we decided to hold an open house for each of the properties. T...
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I’m currently focused on A- and B+ properties in Memphis because of the better tenant pool, vacancy, repairs, etc. however, I’ve heard that my overall returns may be better if I focused on a few C properties (comparis...
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I know most people who get into private lending usually start by lending to friends or family or someone in their trusted network. Is it really as simple as that? Just draw up a promissory note, register it with count...
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My tenant, who lives in the unit above me, complained of mice earlier this month. When I had the pest control guy over, he could see no signs of an "infestation" and explained to her that in old houses it's common for...
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Hi,
I just watched The Kwak Brother's video on the HELOC debt acceleration strategy which they claim it can pay off your mortgage in 5-7 years. Does anyone know if it actually works?
I am planning on doing around 5%...
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What scenarios lead to a LP investor losing their entire investment in a MF syndication? I've only heard stories of investments under-performing. Any examples of how you or someone you know of lost money would be help...