Reese Newell
First Deal, Red Pill or Blue Pill?
I want to thank everyone here for the learning I have been able to grasp from reading the forums and putting together a solid template to running a STR business. These are for 2 properties in the Southeastern part of...
Brian Prom
Home Equity to get started?
Hey everyone.I'm a new investor, who is currently in the paralysis by analysis stage.I'm eager to get started, just having a hard time waiting patiently while I painstakingly build my lump sum of cash for down payment...
Lance Gorton
Busy Street flip
I have a wholesale deal offered to me. It is on a busy street - 4 lane with about 30 cars / minute passing. Comps are 155 / sf. I am estimating 5% less on my ARV due to busy street. The deal does not leave me much pro...
Alyssa Strom
Gut check on potential tenant
Hi everyone! First official forum question ... My husband and I are screening a tenant and I need some outside opinions. I've gone back and forth on this one. Married military guy who is stationed in town, but his fam...
Barry Je
I'm always searching for what's WRONG with the deal!
Can you guys help me out? Every time I analyze my deal, I try to find what's WRONG with it, and use it as my excuse to NOT pull the trigger.For example, yesterday I saw a 12-unit apartment deal come to me. I first l...
Larry H.
Remove Tenant Without Eviction
I have a tenant in a D class neighborhood out of state. She’s been terrible from the start. I’m at fault for not screening very well due to the applicant pool and neighborhood. Everything out of her mouth has been l...
Jennifer Stammberger
Looking for tips on analyzing deals
Just started analyzing deals on the BP calculator. When it comes to % on expenses such as vacancy rates, Capital exp, repairs/maintenance etc....should I always run high % for worst case in order to be safe? The range...
Chibueze Nwadigo
Sneaky tenants caught on Airbnb
Hello guys, so long story short, recently found out on Airbnb that my tenants listed my property on Airbnb which is a violation of the lease and could get evicted but I am thinking like a business man. My question is ...
AJ Golden
Cash Reserves
Hey BP,
I'm fairly new and trying to determine how much you should keep in cash reserves. My wife and I have two properties, a 2008 3/2 and 1986 3/2.5, both in Ft Worth, TX. We have not done any type of major capex on...
Shaun Hunt
What to do, what to do?
As of now, I owe $70,000 plus a $43,000 HELOC on my primary.I owe $52,000 plus a $50,000 HELOC on rental #1I owe $70,000 on rental #2 and have a $76,000 untapped HELOC.I owe $90,000 on rental #3 without a HELOC.I owe ...