Account Closed
The $30k rental club.......
Im sure many of us have read all the warnings and reviews of buying low price properties, and the problems typically associated with them, but all that considered, it is what first attracts a lot of people , indeed th...
Stephen S.
How can I un-own a property ?
I own an now long since abandoned house in NJ. There was no mortgage but the taxes and W/S bills now far exceed any possible value of the property. The town used to clean up the property and then put a lien on the p...
Will Barnard
The Truth about Wholesaling!
There are so many people and companies out there who claim to be wholesalers and many more newbies who claim to want to start out in wholesaling as a means to get started in the biz.
Let me tell you about a recent ex...
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...
Nik S.
Commercial Financing...
Hello Everyone! I am just getting into contract in the next few days with a 47 unit multi-family property. The numbers are great, the occupancy is high and the property is well maintained! My questions is this....
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Andre Jernigan
2020 Goals- What are your plans for the new year and Decade?
Good morning everyone! I hope everyone has had a great holiday season up to this point and continue to do so up through the new year. As I sit here and reflect about accomplishments, people I’ve met, and all things th...
Zachary Schimenz
WARNING: Don't Use Ohio Cash Flow unless you want to lose thousands of dollars
I'll keep this short. I bought a property from them for $85,000. After I bought it the property appraised for LESS THAN HALF that amount. On top of that they promised a "fully renovated property" - then a few years la...
Will Barnard
The Occupants from Hell!
I am currently dealing with some occupants (who are no more than squatters) and getting them out so I can get in and start the rehab has been a daunting process. Typically, I get them out with cash for keys and it is ...
Stuart M.
Why is cash flow important to many here?
I was thinking in a long term view. Take two examples, tell me which you'd buy.House 1:100k house, 5k down, 20k in repairsRents for 2kCash flow is 500/moHouse 2:500k house, 25k down, no repairsRents for 4kCash flow i...
Josiah Patrick Zebarth
NOT going to college, what should I do?
Greetings BP, I’m 17 years old rookie investor. I got into real estate almost a year ago, I’ve read the classics (Rich Dad, Poor Dad; Think and Grow Rich; Richest man in Babylon) and many other more real estate specif...