M Ness
Feedback on First Deal
After a lot of researching, reading, and planning, I'm getting closer to purchasing my first property. The goal is to buy a cashflow rental condo unit. I settled on a condo unit for a few reasons: in my target town, a...
Oscar Quintana
Need some help for determining a MOA
Hope everyone is doing well!I’m looking into some deals currently and am struggling to get my MOA since I’ll be using a hard money lender. How do I factor the hard money lenders numbers into my whole MOA.Also does any...
Solomon Burns
Condo In Hawaii for Air Bnb
Hello,Just running this through for some opinions…I live in Northern California and I know it’s Covid and all but we’ve been thinking about getting into vacation property. We recently purchased a property in Napa and ...
Alecia Loveless
Consider the flip or forget
In one of the most desirable neighborhoods in my state sits a lovely Victorian mansion which was formerly a B&B. It is very dated inside with 40 year old wallpaper and stencils painted in many places on the walls....
Ben M.
Property management fees
Just got my first rental property and just realized that I totally missed on including the property management leasing fees on my numbers. This fee usually equals one month of rent which is a lot. I am still cash flow...
Dan P.
Check My Math for a Memphis Investment
Hello,I'm in the process of purchasing a SFH in Memphis but my numbers are calculating an annual loss of almost $1,600/year. Is this a poor investment or am I over estimating expenses? Context: This is a SFH built i...
Cameron Chambers
Condo fees based on location
Aside from total cost for a condo in a certain location, does condo maintenance fees also begin to climb higher when getting closer to main cities?
Amar Karande
Investment property in North Dallas
I am looking at a duplex investment property in North Dallas (Sachse area), close to George Bush Turnpike. The asking price is $112500, monthly rent is $1025/mo (1% of the purchase price), the Cost/rent factor is 9.1....
Morgan D'Cruz
First Potential Flip
Hey BPers,
I'm looking at doing my first flip in San Diego. The only hesitation I have with this deal is that I THINK it could sell for 580k based on comps but this area is not consistent. There are homes that have o...
Keith Jourdan
19th Rental closed! Package of 5 condos
Bought a package of 5 condos off an off market seller (called one of my letters). Condos are in Westland Mi. Which is in the Livonia/Garden City/Redford/Canton area. About 20 min east of downtown Detroit.I would rate ...