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Hi everyone. I'm new to BP and new to REI in general. I'm looking to do my first deal and currently have an offer in a 6-unit multi-family house. Seller asking $140k with gross profit of $31k and net with $19k(w/o dep...
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This is becoming a problem.... My wife and I self manage our 5 rentals and we have been on this journey for approx 3 years. Everything has been going great up to this point but one of our tenants has been in the house...
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Newbie question here.I got totally inspired yesterday during @Brandon Turner webinar on "How to Achieve Massive Success Using the BRRR Strategy over on BiggerPockets!"Brandon has definitely taken the mystery out of fi...
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I am looking at an elementary school that has been abandoned. I am thinking I can turn classrooms into several small pods or rooms like a hostel. put in a pool and some nice common areas to make it kind of a pod resor...
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When you decided to get into REI what was your why (your drive) to get into the business and succeed? Personally, my why is to past my knowledge on to others, specifically, those less fortunate and unsure of where the...
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National Association of Realtors Chief Economist Lawrence Yun recently wrote an article stating that we're in a "Bizarre Market" in which he stated "With a strong economy and the lowest unemployment rate since 2000, m...
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Hey BP,I'm considering buying a property to first owner-occupy, and later rent out in the Bay Area. I'm looking to accomplish a few things:1) Take full advantage of Prop 13, by buying a fixer at a low price and lockin...
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I recently closed on my 1st property in Cleveland and it has been a nightmare dealing with the property management company I hired. They haven't been able to rent it out claiming that I am asking for too much rent and...
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Looking to open a solo 401k under my current Home Improvement business which is a LLC. Need checkbook control and ability to take loans. Any recommendations from those that currently have the same.
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Hi I am new to this site and I'm in need of advice. I have been contacted by an agent letting me know of two of her shortsale listing that she guarantee the owners will take my offer. I went to see the houses and s...