Taylor J.
Crazy Closing Questions
Warning this is long!So I will start by saying most of this was brought on by me not making sure my realtor set specifics in our contract. But this has been the worst closing of my young investing career. I have a f...
Lance Middleton
Live in Flip or Rental Property
Hello everybody,
Been on the RE learning train for about a year now and I'm excited to get started with it. Here is the situation: I recently graduated as a mechanical engineer and got a good job in Huntsville AL. M...
Jimmy Mills
"If you close more than one out of ten offers, you're paying....
I believe I once read something to the effect of "if you close more than one out of ten offers, you're paying too much." It may have been one out of 30, but I'm curious if others feel that way today. With the books fr...
Jason Pritchard
Question about a potential 1031 exchange
Hey Everyone,I'm looking for some advice on how to best defer capital gains taxes on my next fix and flip project. I'm partnering up with my brother in law to flip a house that he owns but has been renting for just u...
Leandro Gabriel Chavarria
Living off Real Estate Investment fulltime
I keep seeing videos, articles, etc talking about BRRR and how to use rentals as a means to quit the 9 to 5 job. Maybe I'm missing something but how would one do this with rental properties if the cash flow (assumed $...
Austin Petrie
Should deals be analyzed using IRR or MIRR?
Hey all,I'm trying to figure out if there are any advantages to using IRR instead of MIRR in an investment analysis. From what I can find it seems like there isn't, but I haven't found any sources definitively making ...
Eric Telese
Property Management Fees & Their Place in My Analysis
Hi BP community,I have always accounted for 10% property management when analyzing deals. I have learned this through @Brandon Turner webinars, podcasts, etc.Now that I have seen other fees involved with hiring a prop...
Paula Moore
How much rehab is too much rehab?
I have found a bank owned, rather tattered house sitting on 1.6 acres in a GREAT neighborhood that will need significant rehab to flip and get in shape to sell. The bank is asking 49k. A contractor estimates about 90 ...
William Johnson
Lease to own sandwich with current owner
I have a question about how to best help a homeowner and maximize my profits as well. he has to pay 13000 as back payments. He owes 204000 on the house and he would be open to paying me rent with an option. I don't kn...
Eugene C.
Writing a financing proposal for lenders
Hi All,I'm preparing to approach major lenders back home for financing on my second single family unit and I'm battling to write a financing proposal I'd be happy to share. Anyone care to share some examples of well w...