I just closed on my first rental property today in Grand Rapids, Michigan! I have a property manager, tenants lined up, a small list of easy touch-up / repairs to do, and cash flow from day 1. With the help of the BP...
Hey guys, I've been researching multifamilies for the past few years and just wanted to say thanks for all the help these articles, posts and comments have been. I've finally purchased a three family home to "house ha...
My husband is starting is own LLC that will focus on remodeling, and in order to get licensed, he has to complete the Residential Remodeler Exam. We have the guide through DLI which shows the codes to focus on, but I ...
Hello Everyone,
Can anybody tell the process of eviction without rental certification. Rental certifications haven't been completed due to tenants unwillingness to cooperate with Property Management scheduling for re...
Home listed originally at $129,900 in 8/4/2012
Reduced to $119,900 on 9/12/2012
Made offer of $109k on 9/18/2012
Bank ask "final & best" b/c of multiple offers
We offer 133k on 9/21/2012
Bank then reduces the pric...
Hello everyone,
I am almost 18 years old and will be graduating from high school this year. From a young age, I've found myself fascinated with building wealth, which has led me to learn about real estate.
I want t...
Question: Is it best to classify these expenses as education or consultation in order to avoid later IRS scrutiny?On the advice of this site I joined my local REIA. Unfortunately I didn't heed all the warnings. Went t...
How big of an issue are maintenance requests from residents in terms of time, cost and resident frustration? I assume the challenge and cost increases with the number of homes / units but wanted to get a sense of how...
Hello BP investors. I am ready to learn the wholesaling game. I’m in southeast Ohio and have one rental property. My experience is limited but my wife and I are eager to learn. Where do we begin? What audiobooks or we...
Investment Info:
Industrial industrial investment investment.
Purchase price: $120,000
Cash invested: $25,000
Found the property on FB marketplace. Seller financed deal, 10yr note, 30yr Amortization ...