Jamaar Brown
70 percent rule on flips
You have to excuses my ignorance I am doing research. I understand the 70% rule If you plan on flipping property. But what if I plan on renting it out. What percentage should be my rule of thumb?
JONATHAN LONG
First time buyer/ beginning invester
Hello everyone here a BP,My name is J I'm a first time buyer looking at getting into buy and hold real estate and maybe there occasional flip thrown in for fun. So I'm pretty direct and brass tacks is that I have a 20...
Josh Pryor
Need advice on creative rental income
So, I bought a house at a reasonable price of 60k and lived in it for a year. I then promoted at the company I work for and relocated several hundred miles away. I am now using my property as the first of (hopefully) ...
Nat C.
Property managers outrageous purchase offer
I hired a PM to find a tenant for one of my properties which has become vacant.
Their agency has a lot of good online reviews and when I interviewed them, I was impressed with their professionalism.
He has just now em...
Steve Rozenberg
Vacant home stripped of wiring
Has anyone like me ever had a home vacant for 3 days only to see it stripped of all its wiring and had all the appliances "Borrowed"?
Jonathan Villanueva
Passing the Real Estate License Exam
I am on the fence as to whether I should get my real estate license as a newbie REI and I've read several pros and cons about getting the license but some of the information I read is implied or not clear. I have atte...
Roshan T.
GC asking me to pull permits
Why would a licensed general contractor ask a home owner to pull their own permits?I'm curious why they are pushing this burden on the home owner, and if I pull my own permits what are my responsibilities and liabilit...
Sergio Martinez
Tenants rehabbing your property....... good idea?
Hello BP friends,
I hope you’re all stay safe during these times.
I was looking forward for these messy tenants to move out this past March right before the pandemic hit. They lost their jobs, couldn’t move to their...
Brian Horwitz
CONTRACTOR HOLDING MONEY AND NO WORK
Hello BP community!I just recently came across this forum and I am going through a difficult flip attempt. I'm not which category this goes into. I paid a licensed contractor in South Bend, IN $30,000 for carpet, wood...
Katlynn Teague
Finding the needle in the haystack
Good morning BP,I saw a post this morning that got me thinking about the biggest issue when it comes to flipping. The biggest issue many of my investors have run into is finding a great contractor. Finding the deal an...