Nicholas Weckstein
I’m stuck at my current position
This post is me blowing off steam or seeing if I’m missing anything. I currently own a Triplex with an 85k note left on it.
I profit roughly $750 a month plus whatever the mortgage pay down is. I’m not complaining. ...
Wes Peters
Purchasing foreclosures, only a game for the rich?
So, the title really says it all. Am i wasting my time looking at foreclosure properties? I get that some properties can sell for much less, but just for the sake of this discussion, I'm referring to foreclosures tha...
Alvin Uy
If you had access to a $900k HELOC, what would you do with it?
Ok.. so I was able to pull $900k+ worth of HELOCs between 2 of my 5 properties. I decided to temporarily leverage some of that equity into a property Im flipping (ground-up/new construction) here in Los Angeles. Th...
Adam Tafel
Mortgage forbearance - yes or no?
Fanny/Freddy have put special provisions in place to help homeowners and landlords. Has anyone read the fine print? Wondering if there is any downside to doing this for a few months. Even if your property is fully ren...
Account Closed
Initial Savings Needed to Purchase Multiple Rental Properties?
Hello everyone, first, thank you ahead of time for reading this. I am a new REI and have decided to start my new career in long term holding rental properties instead of flipping, in pursuit of the financial freedom a...
Nathan Gesner
Small Landlords are choosing to sell
More Landlords are choosing to sell, and I can't blame them.https://www.cnbc.com/2021/03/2...
William C.
The market downturn is here, at least in my market. Anyone else?
It's here. The shift is upon us. Whether a crash is to follow, I am not sure, but the rising tide that we have all been riding for the last 9 nears to reaching it's tipping point. I seriously have no more time to w...
Tim G.
300k+ in equity in 3 years, low cash flow should I 1031 out of CA
In 2013 I had some good timing. Purchased a four unit apartment building, built in 1980 with major tenant and management issues. It cost me around $360k all in but I used an FHA203k loan so my out of pocket was around...
Ruben Parra
The great California vs Out-of-State debate
Hi BP members!This is just my second post and it feels great to have received such good feedback and support.Since I don't usually carry around $100K in cash, my southern California backyard market can seem a little i...
Jeremy Janszen
Coronavirus/COVID-19 causing non-payment/eviction
How are landlords managing the impact of Coronavirus on a tenant's ability to pay rent? Due to quarantines, social distancing, etc., a lot of businesses, employees, and business owners are likely to have dramatically...