Account Closed
Electrical questions with potential investment property
Hey everyone,Context: My wife and I are very new to the real estate investing world. We spent about 3 months looking at different properties and finally found a three-unit property in which we want to invest in as own...
Account Closed
BRRRR - Financing Up Front
When using the BRRRR Strategy, is it too risky to use a traditional loan with a 20% down payment instead of buying the property up front?
Michael Glaspie
How do you complete your first commercial deal?
I am a realtor and have a buyer looking for a multi-family apartment complex. I understand the underwriting procedure and know that even if I can provide the nominal NOI and market CAP rate the buyer needs to go throu...
Stephen Dee
Late Rent -- In MAINE
Good Morning, I have a question about late rent notices in Maine. My first lease which was drafted by a lawyer here in Maine, had a late fee after the 6th of the month. From what I've read in a few different sources. ...
John Roorda
Small office building at the tax sale - over my head?
Me: Newbie - bought 5 single-family tax liens at the last tax sale, still waiting for the redemption period to time-out and get the deeds. A few grand in capital to play with at the next tax auction.Target: A 4-uni...
Jayson Lesyk
39 Local Credit Unions & Community Banks
I made a quick list of 39 local banks and credit unions.I figured I'd post it here to help anyone who wants to use it as an easy local 'cheat-sheet'. Feel free to share any experience you have had working with these l...
Stephen Spradley
Door Knocking - Feelings?
Hey guys,I've been an agent for about a month up here in Northern Colorado. Aside from hosting other agents open houses every weekend, I'm having a hard time coming up with cheap ways to generate leads. My mentality i...
Jordan Williams
40K Profit Deal In Texas
Hey BP Family!I just wanted to share with you a quick story of a successful deal we recently closed. I hope this will inspire someone to take the next step into starting to invest in real estate. I know the beginning ...
Brian Bellanca
Adjusted Basis of Rental Property?
Hi All,I have a rental property that I sold in 2018. I lived in the property for approximately 2 years, rented it approximately 1. My question is related to my adjusted basis on the home as this directly affects my re...
David Katz
Metrics for Assessing Turnkey Deals
I'm new to REI and likely going the turnkey route. Had a few questions about the metrics used to assess potential deals. For total ROI, I assuming that would include equity accrued (i.e., principal paydown), as well...