Josh Magnus
This economy feels like 2007. Am I wrong?
Hello BP community,
Is it me or do the sky high valuations on homes seem similar to the run-up during 2006-2007? It seems like the market is due for a valuation correction, maybe relatively substantial (10-20%)? Eco...
Mehgan Moore
Condos as investments?
I know typically Condos are not the most ideal investment as they don't tend to appreciate. However, we are considering them as a potential rental investment. Given the tend to be cheaper, we could pay most of it in c...
Todd Powell
Exhausted! Tenant suicide this month, flips, and rental turnover!
Hey BP peers! When does this RE stuff actually become passive income? It’s been a trying month for sure. I work that full time job, manage 29 doors, and flip for profit and debt reduction. But, on April 12th I get a c...
Jack B.
Another pitbull as an "emotional support animal" applicant
More and more tenants and tenant applicants are quick to perk up and claim "I have a pitbull, it's an emotional support animal" as if they have found some fool proof loophole. Some applicants have as many as 3 pitbull...
Ronald Starusnak
Real Estate Developers & Custom Homes?
Hey guys, I am a General Contractor from Upstate NY. I am looking to get out of NY and it looks like we will be landing in the Bend Oregon area. The prices for pre-existing homes are through the roof and home prices i...
Joel Owens
TINY houses... Fad or here to stay??
Tiny housesPeople are living in these 150 to 350 sq ft mobile houses. I think it's a lifestyle thing because mass America wouldn't live this way.I would rather increase my income then have to live in such a small spac...
Venky B.
Dangers of buying homes built in 1900
I am looking at a home built in 1900 for buy and hold. I would like to know, what are the dangers of buying a home that was built that old. The home looks in good condition. One thing I observed is that the steps of t...
John Morgan
What exactly does refinance mean in the "BRRRR" strategy?
Hello BP!! I'm currently reading "The book on rental property investing" and just finished the section speaking on the "BRRRR" strategy and how this is beneficial. I've also heard and seen other people mention this st...
Sean Yang
Agent asking for $5000 upfront compensation. That normal??
Hi I really need some feedback on this. I was looking to buy some out-of-state rental properties and got introduced to this agent in August when I did a field trip. Since then he has been sending me some off market pr...
Joe P.
Tenant simply doesn't respond
Full disclosure -- I knew things were probably coming to this. I've had to send overdue notices several times this year, and a notice to quit twice (this is the third). I tried to work with my tenant but they simply d...