Byron Paille
How many homes is your goal?
I am in my late 40s. I have always dabbled in real-estate and done well. I am approaching it in a much more specific way now. Should be closing on my 6th rental next month. What is the goal number of homes for most of...
Scott Sewell
Hampton Roads Anyone???
Hello to all my BP brothers and sisters,An Alaskan multi-family investor here, thinking about getting into the Hampton Roads market, because it's only 4,468 miles away! (so says google)No, seriously, we have family in...
Gordon Cai
In-State Vs. Out of State for First Property (Main Goal is to Learn with Min Losses)
Hey BP. I'm trying to get my first deal done but can’t decide whether to start off in-state or out of state. My primary goal for my first deal is to learn as much as I can but due to how expensive homes are in Califor...
Joshua Thang
CMHA Section 8 Refuse to Pay Back Rent During Inspection
Hi Everyone,Does anyone have experience or frustration with CMHA not paying back rent during the inspection period? In my scenario, Sec 8 came out to do their inspection on the property around end of March but it didn...
Robert C.
Facebook Shifting Many Employees to Permanent Remote Work
Well, this could definitely be a market mover around my neck of the woods and across the country. Facebook will permanently shift up to half of its employees to remote work.Will people choose to live in the Bay Area i...
Peter Thielemann
Rolling a 401K to a self-directed IRA to invest in real estate
Hi Peter "newbie" here, I'm new to BP and looking for Pros and cons on rolling my company-sponsored 401k into a self-directed IRA to purchase rental properties. I understand you have to go to a Trust Company/custodian...
Alex Kovalenko
Good Tenant? Refuses to do background check
Hey guys - we just started renting out a unit and have someone who is interested but refuses to do background checks (says: I am not applying for a job - why should I do a background check). He claims to have sold his...
Al Williamson
Do Landlords Have Neighborhood Obligations
Are landlords obligated to contribute to the community surrounding their rentals? If so, do you think landlords in a well-to-do community have less community obligations than owners in low income neighborhoods?
I th...
Chris Armstrong
Really Trying to understand Depreciation and Recapture upon sale
Hey BP I have been thinking a lot about the issue of depreciation on rental properties and what happens when you sell one after a long time without use of a 1031. I guess I have been thinking about a property that is ...
Account Closed
What is the cap rate in your city?
For those of you who have done a deal recently, I’m curious what the cap rate is in your city. City?Single Family or Multifamily?Cap Rate?Property Class?Purchase Price?I’ll go first:PhoenixSingle Family 6% CapClass A$...