I know the "50% rule" is bandied about as gospel here in the forums, but haven't seen any actual, hard data that says that operating expenses tend to be ~50% of gross rent income. I'd like to verify this number is, in...
I am a general contractor that partnered with 3 investors to flip a house. We all agreed to hire my company to do the renovation and agreed on a set budget and got a contract by my company. My company completed the re...
Vikram and others brought up an interesting topic in another thread, and because it was buried pretty deep in there, I wanted to break it out into a new thread. The discussion was about how you go about getting your ...
I constantly see investors buying up HOA liens at the foreclosure auction and wonder what is the reason? If they had no mortgage or a low balance on the mortgage, I would understand. Most times they are way under wate...
I saw a post that the other day where a BP member called out another member and accused him of being...full of shot....good stuff. Because it’s good when you know someone is watching. Is it possible @biggerpocketsmo...
$7M on one deal and it's out there for the whole world to see.http://therealdeal.com/blog/2014/10/14/joel-schreibers-waterbridge-flips-williamsburg-contract-for-106m-sources/Now, all you naysayers, please have a seat ...
When inquiring about a property on craigslist, I spoke with someone from New Western Acquisitions. He wants to meet tomorrow..........Can anyone give me your thoughts if you have experience with them? what do they do?...
I find myself browsing these forums less and less as times passes. Biggerpockets is such a machine now and while there is lots of useful advice, it's primarily aimed at newbies (who can't use the search function mind ...
I closed escrow on the sale of my very first flip back in January. Craziness of life got in the way and I never got around to posting about it here. However, I figured it was time. I SERIOUSLY credit BP for some of th...
I'm looking into investing a good amount of cash in my first syndicated apartment deal. Buy-fix-reposition-hold. I am imagining there are about 25-50 fairly sophisticated individuals involved on the equity side, maybe...