Small little unit that needs a lot of work to get up to speed with market in TN is listed for 210k. I offered $140k assuming it needs at least 40k in repairs/upgrades and assuming a sale price of 240k. I compared it t...
Hey BP,I've done a few successful SFH / Condo deals in my area, and am looking to move into apartment buildings out-of-state (very low cap rates and high entry points in Boston area). I'm looking to do my first deal w...
What are the biggest risks associated with fix and flip loans, and how do you mitigate them?
If you have cash, should you use it or is it better to use leverage if you can? So far, I've almost exclusively used cash to build our small portfolio. My goal for the year was to fully replace my current after tax ...
I have been watching the last 4 months in absolute awe. Unemployment is through the roof, businesses are going bankrupt, most people are staying home not spending money yet the stock market and Real Estate market are...
GM BP'ersI live in New Orleans, LA and am looking into my first property as an out of state investor. I have been researching the Dayton, OH and am ready to move forward. Looking to invest in SFR's that I can Buy and ...
Hi everyone,I have SFHs, each rented out the conventional way.Now I own a big house- ~4000 sqft, 4 bedrooms, 2.5 bathrooms, big back yard, 3 space car garage.I want to rent it out by bedrooms: The Master bedroom wit...
I know the "50% rule" is bandied about as gospel here in the forums, but haven't seen any actual, hard data that says that operating expenses tend to be ~50% of gross rent income. I'd like to verify this number is, in...
Hi there! I’m moving out of our primary residence in ATX that has about 160k in equity after realtor fees if I sold today. I decided to lease out our space to a long term tenant and will now have $700/mo cash flow fro...
Hi EveryoneAfter reading through many excellent posts, include the "Diary of a New Construction Project" by @J Scott and @Joshua Dorkin, I thought I might add our voice here on BP. I am proposing to track the entire l...