Damon Albers
tenants breaking leases and excessive damage make it hard to be profitable
Hi,
I have two houses that I purchased from Memphis Investment Properties (M.I.P.) who still manage them. Property one is a 3 bdrm 2 bath with a garage that rents for $1,350 and property two is a 3 bdrm 1 bath, driv...
Tracy Harmon
Analysis of home prices vs income
Using historical data, census bureau for income and NAR for housing prices, from 1968 to 1999, housing prices averaged 2.769 times yearly income. In 2006, housing prices were 4.566 times yearly income. Based on soun...
Thomas O'Donnell
Negative CoC return/Cash Flow... Could This Still Work?
What's up BP fam!
I am looking to move and buy my first house-hack soon in Columbus, OH (and rent out a room or two). When going through some numbers on many properties, I always have a high negative CoC return and n...
Sudha Viswanathan
Rental in Bay Area, California
I don’t own any property, i want to get into real estate. But CA is so expensive, don’t know how to start.
Shane Willis
Escambia County helps renters
Those affected by the COVID-19 pandemic can now apply for financial assistance from Escambia County.
The City of Pensacola and Escambia County are participating in the Coronavirus Relief Funds made available by Flori...
Natalie Kolodij
Fannie Mae 3% loan for a rental?
HelloI know that Fannie is bringing out a 3% down first time home buyer mortgage. My question is- does any one know if this can be used for a rental house or if it needs to be primary residence? Additionally, Can you ...
Billy Daniel
The return of the contingent offer!!
My local market is finally starting to see a rise in contingent offers after two years of "don't waste your time". This is exciting news for both buyers and sellers. Those who want to move can finally exercise this ...
Raj Bat
Guidance on evaluating a MHP deal
Hi,
I am evaluating a MHP deal and am looking for advise on few things as below:1) The asking price is 500k with 60k Gross income. Expense of 14k. All are tenant owned homes for this small 10 home park. Septic and w...
Stewart Anderson
Should I look for a cheaper market?
I have 50k saved up for my first investment but the market where I want to buy (Victoria, British Columbia) is crazy expensive. Would it be better to look for a property in a cheaper market nearby?
Stephen Bennett
Attention Nashville flippers, help me out with some info!
Hello all, I am a General Contractor in Raleigh, NC. The real estate market is outrageously expensive here and no dilapidated houses whatsoever. I am going to venture on where the flip game is thriving. North Carolina...