Account Closed
I own a second mortgage that isn't paying, what to do?
A few years ago I sold a house to a couple that asked me to take back a second, since they could only quailfy for a 80% loan. I did and now they have stopped paying me, but they are still paying the first wich is a l...
Jose Ortega
How TO FACE A POSSIBLE RECESSION?
Hi BP,
This one is for investors that had purchased properties in last 2 years. How are you guys preparing for a possible market collapse?. For example in my area I've seen SFH the were sold in 2012-2013 for as low as...
Brandon Turner
One of my units got destroyed last night in a flood. What do I do now?
yep, about a foot of water in my basement apartment in my triplex. Called the flood insurance company, but my deductible is fairly high ($5k) so I'm looking to still do this cleanup on the cheap. Anybody have any good...
Jeremy Schreiber
How to get started investing out of state
Hey everyone,I live in Silicon Valley, which means I really need to look at investing out of my home state. My dad lives in Phoenix, which is a growing market, and it seems like it could be a good place to start. Th...
Alex Silang
How do RE empires typically collapse?
1) Not keeping enough reserves. Big expense hits and owner cannot handle it
2) Fix/flip - unforseen repair needed. Too many deals go bad.
I'm curious to hear how RE empires go down during recessions.
Jennifer Moraski
Switch to self management of STR?
I own a single Cabin in a vacation town in WA state that I use as a family vacation home and STR. When I first bought it 5 years ago I lived 2 hours away, had never owned an STR before and worked full time so it made ...
Reid Simonton
Lender won't allow transfer of ownership to LLC
Hi all,
This is my first post on BP - I looked around for similar questions/answers and couldn't find a good match so I figured I'd go ahead and post; hopefully this is the correct forum for my question. First, a li...
Alex Russo
Your Biggest Gaf in Real Estate - share your story
What is your biggest gaf/stupid mistake that you have made in your career so far?It may include you ending up with egg on your face, missing something extremely obvious, or making a beginners mistake. I am sure we all...
Mat Lewczenko
Property Managers - Why do they always Overpromise and Underdeliver?
I hear this ALOT...
"I had a great PM company, paid them $X but they are gone, had to fire them. They were great in the beginning and then..."
What makes them great at the beginning?
What are the biggest let downs?
...
Kusum Chanrai
Advice for an investor wanting to invest $2MM in MF in 2018
Hi everyone! I'd love some advice. I have $2.2 m to invest on property in the US this year. We just had twins so I need to restrict my travel. I'm based in San Francisco, and so investing locally is out. I initially w...