Robin Hines
WARNING: Matt Motil of Cleveland, OH
TL;DR Matt Motil is a fraud. Do not invest with him.
Warning, this is a long post. My purpose here is to save some of you from the experience I now find myself in after providing a short-term loan to Matt Motil of C...
Samson Kay
Turn your house hack into an "Airbnb product" to sell to investor
Hi everyone.Its been quite a while since I last posted. I've been working on a few larger deals this past year along with my relocation to the Chicago area, so I've been super busy. But now I finally closed on my last...
John Foster
Experiences with Lease Options
Hey Everyone,
I'm considering lease options as a future investing strategy and am curious to hear others experience with it. Do the tenants often buy the house at the end of the deal? How long do most lease options g...
Cameron O'Connor
Don't pay your down principal early- Keep PMI and Flood Insurance
I’m a number guy. I spend countless hours on excel spreadsheets running ProFormas on every possible situation. I want to know what the BEST possible outcome is, WORST possible, projected actual outcome, forced appreci...
Kim Hopkins
Mathematical Connection Between Debt Terms & Cash on Cash Return
After over a decade of doing this, I still don't understand how the debt terms directly affect the Cash on Cash return of a deal. For simplicity, define CAP Rate (:= NOI/Purchase Price) and COC (:= Cash Flow/Total Cas...
Account Closed
For The Love of Pete Don't Syndicate your First Deal!
There has been a lot of activity in the forums about newbies syndicating real estate. I feel like someone needs to be a voice of reason here. Look, I get it. The allure of doing big deals and taking big fees for buyin...
Alick Patrick
Need a creative advice on getting approved on a second loan
Hello BiggerPockets!I started investing in real estate early this year. So far I've managed to purchase one SFH for $385,000 15 miles south of downtown LA and a 3-unit Multi-Family property about 2 hours east of LA. I...
Andy Parsons
thoughts of rich dad coaching?
so i got the call from these folks, and they are selling the rich dad coaching to me.
3599 for 6 months of coaching. has anybody had experience with this or can some one shed some light on it. I am about to call and ...
Gino Barbaro
Where Do You Think People Fail When Not Achieving Financial Freedom?
I've been obsessed the past decade on trying to understand why some people become financially free, while the majority of the population is living paycheck to paycheck.I just launched a book called Baby Money Soldiers...
Nnabuenyi Anigbogu
6 Deals in 9 months. Over 2 million dollars.... Whew!!
Hi All, It has been a very hectic and busy 9 months for me going from 0 to 60 in real estate. I always get a rush from reading some of the success stories posted on here so i figured i might as well share mine. It has...