Waylon Themer
Rookie Mistake: I Lost Money to a Wholesaler
First of all, I'm not a rookie, but I behaved like one, and I write this post as more of a cautionary tale rather than an attempt to seek advice. I know I should have done more due diligence, and I know what my optio...
Alan Zee
What is going on with this market?
I am not sure what to make of this real estate market in 2019. The prices are out of control for lousy multi families. These properties don’t cash flow unless you buy with 50% deposit. With 30% down, you’re just break...
Mark Cruse
An Investor Killed!!!!!!!!
I recently decided to sell off portions of my portfolio but I've been in the class d arena my entire time in the business. There was a young investor killed in Baltimore not long ago and it still bothers me. Yea, peop...
Brian Naumann
First Deal Gone wrong or bad PM?
Hi Everyone,I closed on my first TK property in Memphis, TN on August 17th. Yay me! Found out during the rehab's home inspection that there were (inherited) tenants in the property during the rehab, I thought this was...
Lin Ding
Negotiate price reduction near closing (today's market)
Hi BP community I'm under contract for a couple of months now. I found this house I like in an expensive market that I'm moving to in September. FYI This 2-family I'm going to househack and rent out the rent. At that ...
Kumar Chin
How to bypass Dodd-Frank? Lets discuss options. Anyone?
I have been doing a lot of research regarding the Dodd Frank act. I have a couple of ideas that might help avoid legal issues with Dodd Frank. I spoke with my attorney yesterday and he said on one knows if rent to own...
Jeff Caravalho
Would you fund this note?
Hi BP, I'm being offered this note secured by a deed of trust for the following:Duplex:Side 1: 4x2Side 2: 2x1Sqft: 1,578Total beds 6, total baths 3Total Monthly rental income: $2,100Deal Details $290,000 Fair Market V...
Jack Tucker
Turned a $52k condo into $6250 in rent / month. Forget 2%, This is an 8.3% PROPERTY!
How to make $6250 rent a month on a condo? Here's how I did it. BANK CALLED ME and I agreed to buy a condo they were about to take back in Athens Georgia near UGA. 3 story, 5 bed, 4 bath with nearly 3000 square feet. ...
Cameron Riley
Have you ever self evicted a tenant by “ cash 4 keys” offer?
The community has offered amazing advice on my last 2 threads. I had to post again. - Self eviction? Convincing someone to leave? Cash 4 keys offer? Changing locks after they haven’t even been living in the home for a...
Zeeshan Mallick
What happens if rental property value goes down?
Hello Everyone,This is my first post on BP, as I just made my account a few moments ago, so please excuse me if my forum post is not formatted correctly.I am looking to buy my first rental property around July 2020, h...