I currently drive a beat-up old minivan with 240K miles on it. Yeah, I sacrificed myself to jump-start my rental business. I plan on buying the Tesla Cybertruck as my main vehicle. Recently, a thought came to me. ...
New investor here. I have been walking through a lot of houses and trying to find a winner. I am getting some houses from wholesalers and their numbers seem to be very off. Ex: 130 purchase/50 rehab/240 ARV. I get my...
Hi everyone!
My name is Melanie Stephens and I write a column for BiggerPockets Wealth Magazine on “Biggest Mistakes/Lessons Learned” in real estate.
I am looking for stories from BP members about that ONE deal or ...
Hello,
So, the inspection report came back with multiple hazardous flags that needs to be addressed , but the most one that it is expensive (25k cost) is the" knob and tube issues "of the electrical stuff. Its old ho...
I bought a 8-unit apartment building; the value add is that rents are 20% below market value. My strategy was to buy, let the tenants go, rehab, and raise the rents. We gave notice to all the tenants (who are month-to...
I recently (...like an hour ago :mrgreen: ) went through this thread exploring the old argument between the cash flow guys and the appreciation guys.More specifically MikeOH and Nationwidepi (Mike and will) and off co...
I’m a 19 year old freshman in college studying architecture but I’m realizing I’m more interested in the business of buildings and not building them. There’s a real estate program here, but I’d be going 100+ thousand ...
I hate everything about the phrase "house hacking". EVERYTHING! The term "house hacking', in my opinion, is derived from the internet culture of hackers; hackers hack websites in order to gain unfair advantages. The s...
In the early stages of looking into apartment syndication. It really has sparked my interest with possibilities as I am a slave to my W-2 job at the moment and this would be a more passive way to invest at this time....
The story you are about to read has transpired over the past 6-8 months. There are areas in which I made mistakes and contractors made mistakes. This is completely factual, and, looking back on it, was a great learnin...