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Folks - I purchased a property in Jan 2017 in Memphis, TN and the following is the analysis over the last five months. As you see, net income is -$5206.15. A few key things:1. The reason for negative net income is bec...
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Hey BP Family,I saw a 4plex on the market and figured I'd run it through the BP Tool, but not sure if I'm doing this correctly as it came out to be a negative COC and would not cashflow until year 5. This may be too m...
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I'm a fan of Lisa Phillips and her investment strategies, involving buying houses under 35k in stable low income neighborhoods, repairing them to last 15+ years and holding them.Right now I live in Arvada, nearby to D...
Hello everyone, I feel like I am in a slightly different position than most people and am looking for some beginner advice. Before I get started I will say this, I intend to seek proper legal advice before making any ...
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Hi everyone this is my first post on bigger pockets. However I have been lurking around the site now for approximately 6 months and have learned so much!!!The deal is for 7 single family homes in Kansas city for 126,...
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Hello everyone! Although I've been bingeing on BP podcasts & Rich Dad books, this is my first post.I'm married, dad to 4 boys, closer to retirement than I care to acknowledge, looking to build strong steady retire...
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I have a rental in California, I live in Oregon. I found out that the renters are using the property for a pot farm illegally. I was informed that I will fined $1000.00 a day if discovered (the renters nothing). I ...
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I have a SFH in Southern California that we are trying to sell. The tenant has just moved out and we can now begin repairs. A local woman who has lived on the same street for many years has offered to pay us $1,500 pe...
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So I thought I'd share a little post on some of the lessons I've learned in the last year and a half. During that time span I have been involved in 22 flips throughout Tampa Bay as an investor, a developer, and an age...
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Sorry for the long post, but I wanted to give a full review of my first flip. I’ve had been lurking around BP for around 2 years now, and the amount of information is amazing. Here is the story on my first flip.I had ...