Levi Gale
Who does not use the 50% rule?
Hello,
Who here does not follow the 50% rule when analyzing/purchasing a property for long term hold? There are a few reasons I can see someone not using it i.e. they are relying on appreciation (not my cup of tea), ...
Joshua D.
Could we really be worth a million dollars?
Could we really be worth close to a million dollars? So me and my wife started a real estate company up 3 years and 5 months ago. We have 11 sfh’s and a duplex. Finishing up remodels on 3 sfh’s now. So on to are situa...
Traci Lovelace
Huge hairy mess
Closed on a house from HUD on Monday. Learned today that when Bank of America foreclosed on the property they did not include the second parcel number in their paperwork. This trickles down to us only owning one of th...
Account Closed
Invest now or wait to see if market tanks?
I sold my duplex and I’m sitting on a pile of cash. Moving forward I will implement the BRRRR strategy to get up to 10 properties, recycling as much capital as possible. I’m excited to move forward in my REI career, b...
Jon Zhou
Ashcroft capital: Additional 20% capital call
After many of the Ashcroft capital syndications paused distributions, I get this surprise email this morning saying all LP investors need to pay additional 19.7% of invested capital call anyone have experience with c...
Gregory Schwartz
Out of state, sight unseen investing
BP,Kinda freaking out a little, just made my first offer on a property from 700 miles away in a town I've never been to, on a quadplex I have no intention of ever seeing in person. To clarify this would be my first in...
Benjamin Ervin
Second "Deal" in the Books - Photos and Description Included
It has been a few months since I have really been active on BP, but my wife and I just came to the conclusion of our second “deal” and I wanted to jump back on to share some of the details and transformation photos wi...
Maurice Smith
Corna virus... should you be worried!?
I guess We are on the verge of a pandemic. stocks have already lost a considerable amount of value due to this virus. Thankfully I was able to sale majority of my positions a couple days ago to prevent any further l...
William Coet
Multifamily Prices so High that Only Cash Makes Sense, But Why Not Put Cash in CDs?
I don't have the cash, but other buyers do. I still would like to understand why they are paying the prices they are when they could put the cash in a CD and earn interest worry (and work) free.
I'm referring to mul...
Abdi Muya
In desperate need of guidance
I first joined bp nearly a year ago as a way to just start and see what I can learn. I had plenty of questions with no real plan in mind or even resources for that matter. Since then, I’ve basically stayed off the web...