Dhwani Shah
Made a mistake in purchase contract, how do I correct it?
Hey guys. So my wife and I are in the process of buying a home for ourselves. We have one investment property, but this is the first home for ourselves. The listing price for this was 320k, but we ended up getting it ...
Jay Hinrichs
First substantial loss
I have closed a property yesterday that I took a hit on... it was my first loss in 3 years and over 250 transactions that I funded. Take away... BP member good talker bad in execution.. I went and met with him in Atla...
Joshua Hollandsworth
Up for a debate? Prove me wrong.
I know the title is awesome. I would like to hear from all of you, the professionals! Though I am a newbie, please don't assume that I haven't done my due dilligence. I have been studying real estate for a few years. ...
Jonathan Zheng
Financing for under 50k in Mississippi
Hi all,
I am currently eyeing a couple of individual SFH properties and a small 8-unit SFH portfolio. All of these SFHs cashflow great and have high CoC returns. They need minimal rehab to get to market. However, nea...
Kathi Miller
ESA and Service Animal Question???
Hello, I recently (May) signed a 6 month lease with a couple who straight up told me they have no pets, as I have a no pet policy. They are to move in Sept 4th. They called me yesterday, Aug 1, to tell me they have an...
Jc M.
Being Swallowed Alive: The Collapse of San Francisco
I was born and raised in San Francisco and as we all know, this city is changing big time. My wife and I felt fortunate that we were able to buy a home here in 2016 despite the astronomical cost. Our children know not...
Chris Wilkening
Dave Ramsey says RE should be 5% of portfolio
I think most of BP would disagree with Ramsey's advice about real estate and debt, but there is one bullet here that states "Real estate should only be about 5% of your portfolio." I understand (but don't agree with) ...
Doug Hadley
Tenant Fails to Notify Landlord of Guest
I have a new tenant that moved into our rental at the start of the month. Listed on the lease agreement was herself and three kids, no one else. Within a few days of move-in I start receiving calls and texts from ou...
Cal C.
Reserves are almost an absolute necessity!
They would be an absolute except a few people get lucky and put everything they have into a rental property and nothing goes wrong for a year or two, giving them time to build up cash reserves. Then again a few peopl...
Jay Y.
Floor tile as cheap back splash?
Hello all,I have a class C rental which I'd like to do some minor upgrades, will also give me an excuse to raise the rent later on! Below is what the kitchen looks like, this is 1980 construction:I was planning to re...