hi everyone,I'm fairly new to BP and investing in general. I'm setting up to make my first mobile home purchase (no land) but I'm unsure of how the process works. For example, do I use a contract similar to a real est...
Hello BP! I have ran into a Roadblock on my flip. I have a seller financed home that I have put a large down payment on and put around $10k worth of work so far. I have a hard money lender and we are pretty much set t...
Hi everyone!I'm Joseph (from Athens, Georgia) and found BP when listening to a ChooseFI episode 312 where Scott and Mindy discussed their book First-Time Home Buyer: The Complete Playbook to Avoiding Rookie Mistakes l...
Hi everyone,I'm investing and own a few traditional rental properties in PA. Recently I've started to look over the Airbnb / short term rental market which seems to me much more profitable. I had a session with one of...
Hello all,
Just purchased a SFH that was an REO. The owners were hoarders and have lived there since it was built in 76’! Had a company come out and said they couldn’t even do it. Any experience in cleaning out 36...
Insurance: what’s your “it saved me” success story?We’ve all heard the horror stories and know the illogical thinking behind not having property insurance.However; In reviewing all of our property insurance with my EX...
I found a contractor I like to rehab a house I bought. Is it best for the investor to always purchase the material? I am assuming the answer is "yes" to get credit card points and prevent a contractor from charging a ...
We are purchasing our first multi-family apartment building and looking for ways to cut spending. The building is 8 unit 2/2. The current owner pays $360 a month the have a 4 yard dumpster picked up 3 times a week. I...
Looking at my first investment property. Seller is asking for $80k, needs about $5000 in cosmetic work, estimate. Rent is averaging about $850 a month for comps in this area. This will be one of the nicer houses avail...
Investment Info:
Small multi-family (2-4 units) fix & flip investment.
Purchase price: $195,000
Cash invested: $10,000
Sale price: $440,000
This was a distressed 4-plex in a very nice part of...