Dylan Haines
My first investment property
An opportunity came up. It is a condo in the city downtown where I live. I sold the same floorplan 4 floors up for 400k. It is a 2 bedroom 2 bathroom, 850 sq ft unit. I could purchase the same floor plan unit but in t...
Eve Oliver
Toilet with a power flush
I had to call the plumber a few times on the same rental and replace the toilet. it seems the Delta toilet doesnt have enough pressure to flush n#2. Looking for some suggestion on a high-pressure toilet tank. Lock Su...
Dolores Waldron
Can you take a look at my BRR Analysis?
Hi BP Community,I'm practicing with the BRR calculator and would love to get your thoughts on this deal:It's a bank owned property, 3 family - Bank is asking 425K cash(too much) ARV 550K, rentals $1,600/unit I was pl...
Clareen Eberly
How do I know which paperwork to use for mid-term, furnished, rent by the room?
Do I always need to have a prospective tenant fill out an application to rent? Is that so I can weed out any prospective tenants there if something is a red flag? Then if all looks good though, I send them the residen...
Dakoda Spencer
How Can I Make This Deal Work?!
Hey all,Yesterday I called a couple FSBOs in my small town after doing a little bit of driving around. Two of them called me back so I'll break it down by what they are offering:Caller #1: He is an older investor that...
Dean Suzuki
Does this look like a good loan?
Hi,
I maxed out on my Fannie loans so I have been searching for portfolio lenders. I found one that lends at the following terms:
Interest Rate: 5-year FHLB + 3.00%, floor or 5.95%
Adjusts every 5...
Nick Askew
Multifamily House Hacking
Hello, my name is Nick and I am trying to get started with my real estate journey! I feel like that I have a great idea on how to start and what to do once I do get started but, I would like to ask someone in the Phil...
Account Closed
tile versus linoleum in flip
The hardest thing for me is deciding how much to do or not to do. In my area, I've seen ok retail properties linger on the market for six months to a year. I've seen ok flips take months to sell. So I try to stand ...
Barrett Boone
Building Self Storage
Newbie here. I am considering developing a self storage facility on land that is already owned by my family. I don't know much about investing in self storage, but the few things I've seen it seems that the main strat...
Leo Lanza
Dallas Ft.Worth Direct Mail LOW??
Hello,
I bumped into a lady today and she said she runs an REICLUB in DFW. I asked her what her response rate is for direct mail. She said that if she does a 1,000 postcards she would get maybe 2-3 calls.
Those n...