I just bought a 4 unit in a C neighborhood and inherited all of the tenants. They are lower income and though we've only collected rent twice, 3 of the 4 units paid late. I came from a lower income and understand that...
I live in Orange County, CA and I've been scouting the market for the last year and a half. Let me just start out by saying the inventory for foreclosures and short sales dwindled really fast and got eaten alive by sh...
Every time my tenant would leave, they would turn their heat off (hwbb) to save money. I told them not to do that because you’re not really saving that much AND the cost of a frozen or ruptured pipe is WAY more that w...
Hey BP, I was just curious what was everyone take on buying rental properties. Do you or would you buy turn-key properties? Why or why not? What do you consider turn key (i.e. already renovated and rented or just reno...
So I've got a good handle on non-performing notes (2nds) that are both totally and partially covered by remaining equity in the house. Does anyone deal with or know the approaches for no equity 2nds? Seems like a g...
I know the forum posts that get all the 'likes' and 'comments'.. the ones that fire people up.. the success posts that begin, “I quit my job and closed my first deal!!” or “Finally reached our passive income goal!!”I,...
I am every so grateful to BP and all the great people that are part of the BP community. It was after reading extensively about the BRRRR strategy (Buy, Rehab, Rent, Refinance, Repeat) that I was inspired to try it o...
I remember hearing people in 2017 and 2018 saying that they were going to wait on the sidelines until it was a good time to buy again. We all know that properties kept going up until mid 2022. Then in 2022 that said t...
I'm haunted by Ben L.'s comment "Don't be a retail investor!" in the podcast on rental properties. This is also common advice in real estate investment books. Always buy at a discount, or, as Warren Buffett says, with...
I'm working on a 10 year portfolio plan for buy & hold rentals (SFR or Multifamily). I can reach my goals if I can hit 9% CoC return (on average). My secondary goal is 20% forced appreciation and 5% market appreci...