Flipping my first house and first time dealing with sub-contractors. The electrician that gave the best bid wants 50% up front. I balked at that and he said he can do 25% up front. He said he doesn't want to fund i...
I lost some sleep last night. I'm having problems renting my SF. The price is now at 1850 plus utilities. The argument often heard is "well you can own a home for what you're paying in rent." So I wanted to look a...
I don't want to debate if the 50% rule in this thread. I want to talk about the assumptions and categories to see how a landlord can be a lowest cost producer/efficient entrepreneurs.
I know it varies from state t...
I grossly underestimated maintenance and make ready costs for my KCMO portfolio. Operating costs are through the roof and net income is non-existent in my first year of business. I started with 2 SFH turnkeys which ha...
So here is my $64,000 story:December 2013 my phone rang, it was a former co-worker who had fallen on hard times. He called me and asked, “are you still buying houses”? I told him yes I was, if the circumstances were r...
I have a tenant in my first floor unit who has been late every single payment for 11 months in a row with every excuse in the book. However, they always end up paying right before the legal timeline for eviction. Does...
I know many of you may have seen the topic and thought about your first fix and flip. I actually would like to get some of your opinion's on rehabbing my first home to live in. Let me explain. My wife and I are gettin...
I was wondering if anyone has tried or heard of Brian's Page's Airbnb formula for signing leases on rental units and then using the apartments as a full-time Airbnb model. I've been an Airbnb host for some time, and I...
A Little Backstory
Hi BiggerPockets! I wanted to make this post to give some inspiration to those newbies just starting out or even the more seasoned vets! I set out on my real estate journey with my first investmen...
Here we are finally done with my first rehab. I started back around the middle of August and 3 months and one massive act of vandalism later we are at the finish line! Please feel free to ask questions and make c...