Alex Shin
Met the 1% rule in hot HOT LA
BP Family! Bring it in :-)I've been consistently analyzing deals in LA on a daily basis and had to keep writing "Damn" on the bottom of my pages of paper after analyzing that the property will not cash flow. Well, I ...
Sam Cherry
Landlords don't need the SBA for the crisis they need Section 8
Someone needs to call the White House and each Governors Office and stop this SBA insanity.
Landlords don't need "Loans" they need payment vouchers.
Housing and Urban Development is the correct way to manage the r...
Matt Speer
Would you fire your PM if their days on market avg was over 40?
Serious, yet simple questions: Question 1: If you found out your property management company had an average days on market of over 40 days would you immediately fire them and look elsewhere? Question 2: If you answere...
Joshua Dees
A fork in the road, tired of losing
Hello all!
I am writing from Wylie, Texas where I live with my wife and 3 kids. we recently moved from Dallas, to get away from the inner-city feel. My wife stays at home and homeschools our 3 kids. I used to work co...
Michael K.
Starting out with a 1-4 multifamily property in DFW
Hello BP community members,
I'm a long-time BP lurker having browsed the discussion forums numerous times in the past but finally decided to sign up and join the community as a small step towards RE investment action...
Peter Nierman
Where should I buy?
Hi all, I am an entry level investor (own my house with a mother-in-law) and am looking to buy my first true rental property. Since I live in Seattle, where prices are crazy, I am looking out of state. Currently, I ...
Jack Jones
Short Sale Question
Just got approval for short sale. I owe $200K on beach property and have an offer for $90K. In the short sale agreement it states that the lender or its investors may pursue a deficiency judgement for the difference...
Account Closed
Newbie found a $4million deal - yes/no?
I found a 57 unit $4mil property in default, as a newbie should I. I have read all the particulars, analyzed and analyzed. I figure I can get investors to hold the $4mil for 4 years and I sweeten the pot somehow. All ...
Travis Watts
The Biden Tax Plan - Impact to Multifamily?
Curious to hear everyone's thoughts on the proposed tax plan from Biden and its impact on multifamily, or real estate in general. A couple highlights from the proposal:#1 Elimination of bonus depreciation
#2 Eliminat...
Jim Majoros
Is it Legal to get a seller to hold the Mortgage in Pennsylvania?
I am being told by an attorney that because of the Mortgage Licensing Act of 2008 I cannot get a seller to hold the paper. I do not understand because I hear of people doing this.