Terry Drake
Journey through the next (Lonnie) deal..
Before I did my first deal, I spent time on BP searching for people like me going through their first dealings in this business. I found many who started sharing their adventure but when it started to get good, the t...
Larry H.
Electrician Wants 50% up front
Flipping my first house and first time dealing with sub-contractors. The electrician that gave the best bid wants 50% up front. I balked at that and he said he can do 25% up front. He said he doesn't want to fund i...
Kai Van Leuven
Cashflow: BP most MISUNDERSTOOD term
I read too many posts from investors about "cashflow per door" or "that house does not have a positive cashflow", ect. I feel like the prevailing thought is that it is about "cashflow", singular, when real estate inve...
Willow T.
How I Made $104,000 on My First Flip Purchased for $31K
Overview of the numbers: Purchase Price (Cash Sale) $31,500.00 Closing Costs $2,019.02 Rehab $29,800.00 Mold Remediation $1,950.00 Furniture Cost $1,200.00 ...
Shiloh Lundahl
Partnership Gone Bad: What would you do?
Here are the facts. I'll try keep it as unbiased as possible to get some honest feedback from other investors.Last year I met an investor who was flipping houses in Phoenix. I connected with him by email a couple of t...
Steve Wilcox
Buyers Bank Demanding my HUD1
I am in the process of trying to close on the sale of a property, and the bank has been a huge hassle. The home was under contract for $155 per sq-ft which is totally in line with all comps and lower than some provide...
Perry Ivy
How much debt do you have?
I currently owe $265k and was curious to see how much other investors owe. This is spread out between six properties.
Gary F.
San Jose ADUs. Experiences to share?
Hello Bay Area BP folks and others. I've been wanting to invest in real estate for awhile. To get started with a low budget I've always thought an in law unit aka ADU, would be a great way to start. My backyard thou...
Dovid Staples
Opendoor & Offerpad; What's Their Angle?
I haven't seen anything in the forums less than a year old about this, but here on phoenix I hear a commercial for Offerpad/Opendoor perhaps 4-5 times a day. Always kinda figured they must lowball quick cash offers an...
Prashant P.
General Contractor Walk Through Fee
I am looking to buy a house in a new area to fix up and flip.
Before making my bid on the house, I was trying to find a General Contractor to walk through the house with me and give me an estimate for repairs.
I als...