Alfred Bell
What do you want Mr. Notebuyer?
I'm going to sell a condo down in Palm Desert California that I fully remodeled. I want to sell it with owner financing to facilitate a fast sale (lot of inventory in the desert and market time is VERY slow). Asking p...
Eric M.
What is considered Short Payoff Fraud?
BP member Scott Hubbard posted the Freddie Mac link below in another thread but after reading it, I thought it was important enough to highlight it on its own. To me, it was pretty eye-opening as to what Freddie (and...
Matthew Mucker
Where does the 50% rule come from?
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...
Ryan Phu
Joe McCall Scam? Read This Before You Buy His Programs...
This post is about Joe McCall and his course, coaching, and programs, it will be a detailed review with my own experience being apart of his Course and Programs...
If you were in the same shoes I was when I attended ...
Garrison Johnson
My review of the Rich Dad Learn To Be Rich Academy
I attended a Rich Dad “Learn To Be Rich” Academy this weekend, and while it was fresh on my head I wanted to comment on my experience.
It seems that the response across the board has been that the training is a scam,...
Account Closed
Tax Downsides to Paying Off a Mortgage
Hello everyone! My name is Jesse and I am a new investor. I am about to close on my first property on march 22nd (tuesday!). It is a $250000 2 bedroom condo in the NY metro area. I will be renting this apartment out a...
Pal Sa
Backyard shed as a short term rental
I am thinking of building a shed in the backyard for rental purposes. I live in the bay area. If you are knowledgeable about various aspects I need to consider, please do share. The high-level plan is to build a cozy ...
Mindy Jensen
VRBO Host cancelled stay because he forgot to raise rates
A friend made a reservation on VRBO for Thanksgiving. The host had a 5-day minimum set and non-holiday pricing in place. (Friend didn't realize it was non-holiday pricing.)Host sends friend a cancellation notice, and ...
Nina B.
Is agreeing to rental terms considered a binding verbal contract?
A Father came to look at our rental for his newly graduated college son. I gave the Father a Rental Application as well as an Oregon Rental Application Addendum & Fee Disclosure. The Father dropped of both signed ...
Jason Schmidt
can someone please explain this 50% rule to me?
I have heard from people on these boards that I can expect the operating expenses of the house I purchase to rent out would be about 50% of what I can get for it monthly. I could be misunderstanding it, but how is th...