Sean Mark
Take a lower % ARV for better cash flow?
Hello,
I have a property that I am currently renting out. I am considering using the BRRRR method for the first time. I am currently analyzing properties and I wondered if anyone had advise on the following:
The b...
Sean Salandy
Refusal to turn on water
I am looking at a home that states "Seller will not allow water to be turned on" in the listing. What is this usually a sign of? Does this mean there is a known issue with the plumbing that they are trying to avoid th...
Alejandro Tirso
Design Help! Railroad homes!
Hi! I am currently in the market for properties in Hudson County, NJ. The location is less relevant than the home style frequently found here--railroad style apartment in small multi-fam homes. Essentially you can...
Vee Vu
Inspection for a rental property
Hi, I'm going to use BRRRR strategy. Should I walk through a property with an inspector or a general contractor, or both? My purpose of this step is determining all the damages and cost of rehab. What is the average c...
Michael Greer
Seller proposed their financing terms. Am I wrong?
6 plex for sale. Asked a property owner if they would consider seller financing. They sent the following terms:7.5% interest rate, 7 years, 25% up front.I'm looking to lock in a cheap rate on an income producing prope...
Account Closed
Out of state success with turnkey companies
Who's having a lot of success investing out of state with turnkey companies?
Where are you located? How many properties do you have? Any downright failures?
Seems like most on BP are the do it yourself type and I w...
Daniel Bradshaw
Multiple offers on REO's
Hey Everybody,
Let's say I have a proof of funds letter for $100,000 and I make 20 offers on REO's at extremely low prices only expecting to hear something back about 1 property or even none of them and I hear back f...
Tony S.
How much to pay contractor for cosmetic renovations?
How much do you typically pay contractors for cosmetic renovations? Typically, I sub everything out and average $15,000 - $22,000 unit for full cosmetic renovations. Here, I want to delegate this job to a contractor...
James Primavera
Thoughts on TCU/Botanic Gardens Area
What are people’s thoughts on the area around TCU campus and near Botonic Gardens and Dickies Arena? Not from the area so I don’t have first hand knowledge. Figured I’d get the opinion of those with a closer look. ...
Thomas Loyola
Are my assumptions reasonable?
Hi BP,We are out of state investors looking to buy our first property in Indianapolis or Columbus. Been having trouble finding properties that cash flow, so I’m wondering if our assumptions are part of the issue.I use...