Duy Nguyen
At what point you say No to the deal? 10+ yrs house vacant
BP Community,
First real estate related question here. I had found an abandon property that may have been vacant for roughly 10+ years or even more according to the neighbor. The outside looks terrible and I am pret...
Pratik P.
How to learn your market?
Hello BP'ers!I know that one of the most important things a new investor can do is to learn their local market. So over the past few months I've been watching every multifamily property that goes up on Loopnet in my a...
Ethan Kramer
How to calculate HELOC and cash out refinance?
Terribly sorry if this has been asked before, how do I calculate the maximum cash-out refinance amount I can do if I already have a HELOC on my primary residence?Primary residence is valued at $375k$150k mortgage bala...
David H.
Postcard content
I am brand new and ready to dive into some direct mail marketing. I have decided to send postcards to absentee owners. My question is: Is there anything specific I should be putting or not be putting on these cards. A...
Heeyeon Chung
Direct mail marketing or cold calling for a primary house?
Hi, everyone!We are hoping to buy a primary house in a nearby neighborhood this year. Our current house is getting too small for my family of seven. I have created a list of properties that meet my buy box from the ne...
Owen Burton
Purchase requires assumption of current debt. Next Steps?
I received a listing from a broker that requires the buyer to assume the property's existing loan. If I determine a revised value that's ~$1M less than the listed principal amount (after adjusting vacancy etc. to 10% ...
Evelyn Castillo
Expenses; Newbie; expense housing question
Hey BP! This might seem like a silly question but I am having some trouble here. I am practicing on the BP calculator. I am working on the portion of the expenses... My question is, where would I go to find the electr...
Murray Reginald
Turnkey Investment for Multifamily Properties
Hi BP,What is the best strategy to use when buying a turnkey property? How much profit are the turnkey companies making off of the deal? With that being said I realize analyzing the deal is crucial, but this will more...
Leon Doucette
Contracts for rehab contractors
Hi BP!I'm a huge fans of David Greene's BRRRR book it was one of my first reads. I have since referenced the book numerous times. I've actually used alot of the systems talked about in the book to scale my business ...
Jorge Abreu
Determining your in-place expenses 🫰
A property's operating expenses are those that it incurs on a monthly or annual basis and are considered regular and continuing. Expenses like this include things like property taxes, insurance, maintenance, administr...