Eric Dickel
stay or go?
I broached this topic in my intor, but I wanted to open it up for wider discussion. With the real estate market in trouble, is this a better time to buy or sell? I lost a lot of money in my real estate portfolio last ...
David Drew
New Investor, Low Income, Multi-Family Investing
I am new to BP and I've been trying to absorb as much information as possible. My family and I moved to a bigger house and rented the old one, about two years ago. We've been extremely fortunate with our existing te...
Roman Pak
Dealing with HOA dues
Hi BP!
I'm a noobie investor. I've been looking at starting out with 1/1, 2/1 or 2/2 condos in my area (NW suburbs of Chicago, specifically Buffalo Grove).
The issue I constantly run into is that when I...
Christopher Wasowicz
What would you do? (Starting out)
Here’s the scenario:Image you are a complete beginner.You have $40,000 cashAnother $14,000 in a savings accountAnd can draw on approx. $50,000 HELOC in your primary residence.Assuming your goal is to BRRRR, how would ...
Uchenna A.
Should I Sell or Keep As Rental?
I recently moved from a 4BR 3.5BA townhouse in Bowie MD. I bought this house in 2013 for 280K and PITI + HOA is ~1700. I owe ~200K on it and initially listed it for sale for 370K. I have had two contracts fall thru fo...
Richie Choy
How I ended up visiting a Meth House - My PPC Experiment!
A few weeks ago, I shook hands with a motivated seller-slumlord and visited a D-class property. He was actually in the middle of moving in a new tenant (with no teeth and probably no credit score). I tallied up: a gut...
Matthew Aubert
HOA fees and what’s next
I’m about to purchase two duplexes and the builder changes and now says $10/month HOA fees (estimated he says). Throwing HOA fees at last minute pisses me off. Plus these are estimated which means they can easily go u...
Devin Redmond
Buy and Hold JV with Solo 401(k) in 50/50 TIC
I'm teaming up with a good friend on a long-term buy and hold acquisition. We've identified a stabilized property and are now sorting out deal structure and determining how to finance and hold title. The working assum...
Joshua Craig
Starting a private REIT
I’m looking at starting a private REIT with friends and family. My idea is to form an LLC with ownership equally spread across all investors. After this is done, my idea was to have everyone (around 10 ppl) invest $50...
Elizabeth M.
Too late to back out of a lease?
Long story. A lovely older couple applied for my rental. They appeared perfect in every way right down to an almost glowing application with a high credit score, no debt. Being anxious to get my place rented I quick...