Michael Carges
I need to make a decision quickly! Advice?
I'm just starting out and decided on a new-build home in Florida. I signed a contract for 232k in Dec 2020. Due to covid, labor, and lumber, etc., the home is finally ready for the build to start! I am now being as...
Brittany Tucker
MY FIRST DEAL!
Hello BP family!It's been a while since I've posted a forum but I feel it's time to start becoming more active! I took everyone's advice about a year ago and finished college. I am now a licensed hygienist, and while ...
Jeremy Lee
Rules around converting a rental to primary residence
Hey all,We're facing another crossroads with what to do in terms of a 1031 exchange that my parents and I co-own (which I also live in with my wife and kids) with our current place and selling it in exchange for a pla...
Kavin Kuykendall
[Calc Review] Help me analyze this deal
Hello BP! I'm asking for help on this analysis. Anything I overlooked? I am very new to analyzing deals so please, correct me where I'm wrong.View report*This link comes directly from our calculators, ...
Jared Baker
Are Cosmetic Flips High Risk
Hello BP.Are properties that need cosmetic work, i.e. updating kitchen, bathroom, new flooring and paint, a high risk as far as getting your money out of it? I'm looking to do my first flip and would like to use conv...
Erik McKenna
3 Year ARM vs 5 Year Arm
I am purchasing my first building bigger than a 4 family but I think this should be thought about for any purchase using a commercial loan. This will be my third investment property. I am trying to decide if I shoul...
Bobby Beard
How many of you would do this deal?
Two triplexes. 2/1 with storage and w/d hook ups. New roofs, new AC's, new windows, New tile flooring in all units. Property is in great shape. Current rents are mixed totaling 3500. With in a year i can take rents to...
Fredrick Hock
Repairs - How do you NOT go over budget??
When you buy a property that needs some work, how do you protect yourself from going over your rehab budget (or from the contractor exceeding his estimated cost)? Do you include specific language in the repair contra...
Kaaren Hall
Invested in a House with Your SDIRA? Remember to Keep a Cash Reserve.
After you have invested using your self-directed account, you might wonder about the next steps to take. Importantly, it's crucial to be aware that a lack of available cash in your Self-Directed account can expose you...
Brenda Schuette
What do other property managers get paid for around 34 units
I have been on my job for close to 6 years now and still only make $1400.00 a month, that is total. The owner deducts from this pay $600.00 for rent every month. So in actuality I make only $800.00 a month for 34 unit...