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I own an now long since abandoned house in NJ. There was no mortgage but the taxes and W/S bills now far exceed any possible value of the property. The town used to clean up the property and then put a lien on the p...
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My First Deal and the 12 Deadly Mistakes I MadeThe quick and dirty numbers: Purchase Price: $17,307Purchase Closing Costs: $2000Rehab Costs: $80,748Roof: $6538Foundation: $3000Handyman Labor: $19,284Dumpster: $4378Ele...
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In a 2018 video, Ken McElroy said he doesn't do apartment investing anymore. Talked about how it is too hard to make them work with the low cap rates, and instead he builds from the ground up. He's obviously a big nam...
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The role of the Appraiser is an odd one: Way too much art (opinions) and way too little science (data-analytics), with way, way, way too little accountability. While the world embraces tech tools to automate workflow...
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Was just told today by a Chicago area attorney who works with a lot of investors that he has seen a sharp increase lately in banks calling notes due.Very curious if anyone else is seeing this.
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I haven't bought a standalone rental since 2015. Since 2017, I started investing exclusively passively in real estate syndications - in over 15 opportunities at the moment.So far, the two than have fully exited have r...
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When times are hard and you need money IMMEDIATELY like right at that very moment and you have no where and no one else to turn to get that money, where do you get money to get you out of a bad situation? Wholesali...
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I have loaned ( alot) of money to rehabbers and people flipping houses in NY and NJ.A while back I decided to try to invest a very small amount with Patch of Land ( $5000). I was tempted to invest in additional loans ...
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I can't get any deals with out proof of funds and I can't get proof of funds without having a deal under contract. Completely stuck on this one. I found a deal through a listing and am planning on wholesaling it but o...
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New to BP and moving to Denver and hoping to begin my journey in REI.Does anyone have an opinion on the market in and around the Denver area. My understanding of it is that home values and rent prices have skyrockete...