Casey Miles
$1 million in equity and "only" making 56-64k a year.
Hello Everyone,I think it's time for a change.I really want to keep my post on topic. If you have questions or want to debate CAP rates, cash on cash, etc. please shoot me a message and we can go from there.A little h...
Kanchi Ji
Real Estate Agent's car
I live in Virginia in the metropolitan DC area. I have dealt with many real estate agent trying to buy property or involved with friends or family in their purchases. I noticed that just about every agent has nice l...
Taylor Jones
Do people like losing money in the Smoky Mountains?
How does anyone buying in the Smoky Mountains make money buying today?
$1M purchase price and $125k in revenue
P/I/T payments run -$78k/yr (assuming 8% interest rate and 80% LTV)
Cleaning fees -$20k/yr
OpEx - $30k...
Nicho C.
Tenant wants to break lease due to AC
Hello BP community,
I am currently renting a home to a family that has been in my unit for about 3 months. Since they've moved in there's been numerous complaints about the A/C not cooling to the desired temp and ma...
John Thedford
New Article: Austin Tx Is Most Over Valued RE Market
Here is the link: http://finance.yahoo.com/news/10-most-overvalued-undervalued-housing-131550950.htmlAlso from the article:The most overvalued market in the U.S. was Austin, Texas (overvalued by 19%), followed by Los ...
Cameron Price
Help! 100 year old house. Need advice. Lead, Asbestos, etc.
I need serious input! I just looked at a Historic house in my town that has been sitting vacant for over 30 years. The family finally put it on the market and are asking $80K. The realtor thinks they would take $40K o...
Wendell De Guzman
How Do You Predict The Next Real Estate Crash? Mine is...
Mine is foreclosure filings and REO sales.Let me explain.In 2007, I was working on 20 shortsales and a business partner of mine was working on about 40 shortsale cases. None of the shortsales were accepted. This was u...
Harry Williams
How often do you reconcile and record expenses?
Do record expenses and organize receipts as they come in, at the end of the week or month? Currently, I am doing them in excel as they come in but this proves to eat up a lot of time, sporadically throughout the day.
CL Ziegler
Buying rental units after age 50 - Bad Idea?
Hi Everyone,In a casual conversation the other day a friend said: 'You can't look for a quick return. Any money made will be over the long term.'That has been bugging me ever since he said it.Here's my question...Wher...
Steve Cook
Property Management - Repair Mark-ups?
Hi BP!Happy new year! I own three investment properties in Indianapolis that are professionally managed. I was on the phone with my property manager the other day and he said something that caught my attention. He ...