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Thought I had the perfect tenant. Did a background check, got copies of his pay stub, call HR and checked on his employment, I even called his HR Dept and verified all his info before he even gave my the persons name ...
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What kind of percent would be fair to command for bringing investors to the table for deals?4% first million, 3% next million, 2% next million, 1% thereafter?What duration would you hold those percentages for (to avoi...
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Hi all, I am new to BP and this is my first post. My goal is to buy a rental property (single family or multifamily) by the end of 2019. I’ve been listening to the BP podcast diligently and reading Turner’s book on RE...
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HI BP Community!Can you help demistify Cap Rates? What is a Cap Rate? What does it tell me about the property? Why is it so important? I've read how to calculate Cap Rates, but I just don't get it...yet.Thanks in adva...
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Hello All, I landed a single-family deal in Upton ma. The property is in great shape one of the best in town, no repair is needed, renovated in 2018. Valued at around 900K, trying to get it for 700K-750K by assuming a...
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Early in January, our duplex caught fire, destroying the bottom unit. We fully renovated it and placed the tenants. This is our best performing property and I really don't want to sell it, but after getting a notice a...
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Economic Update (Monday, November 2, 2020)
Today is Monday, November 2, 2020. Tomorrow is Election Day. S...
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Hello BP,It's always fun posting stuff on here and hearing what everyone has say, but i'm afraid this post isn't quite as pleasant. Nonetheless i'm sure there are lessons to be had here and I would greatly appreciate...
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I am attempting to begin my real estate investment business. I have been getting mixed reviews on whether the practice of wholesaling is legal or not. I've read that the benefits are that you need very little capital ...
Hi Fellow BP’s I have struggled with the following question for the past two years I’m I getting ripped off by my property manager. I purchased 6 rental properties a few states away three years ago and...