I am doing a walkthrough of this property tomorrow. I will be using the VA Rehab loan. Im sitting here running the numbers both for rental property and the BRRRR method. The rental portion looks pretty good but when I...
Hello, so I bought my first house and before I bought it, I didn't know about the BRRRR Method. I purchased the house for $145,000 and they were asking for $180,000. It appraised for $150,000. Renovations would cost a...
Hello BP,I am working on a deal with a seller willing to owner finance a 6plex. As part of my terms, i am asking for 12 months interest only at first and then start paying off the loan to the seller with interest. The...
I recently purchased my first property (turnkey) using a conventional mortgage. After purchasing it, I realized that saving up for the down payment (25%) every year is going to be a really slow way to grow my portfoli...
I am creating a Google Spreadsheet that effectively calculates ROI for me. I am using the BP 4 square method. My question is, should the "Total Investment" number be the purchase price or the down payment? I will be p...
What forms of payment do you accept from tenants?
Collecting rent is something we don't talk about much unless it's not happening but I wanted to start a conversation about what methods of payments you accept and wh...
My 1st property I purchased has been rented to Section 8 tenants, thus making rent collections easy. However, my new 2-Family is going to be Cash tenants (No S8) which means I have to collect. Which is an easier, fast...
hi guys,Does anyone do this? How do I go about setting this up? Is it a good method this is my first rental property
Hello, My name is Max. I am a 21 year old living in Canada, more specifically Fredericton, NB and I am looking to get into my first property and thus the world of real estate. I am currently in a position where I do n...
i am sending direct mail to people and have just finished my first mailing to 600 people after four weeks. no luck on the first mailing, and i will send the second mailing this coming week. most of the people that cal...