It often gets quoted that "most people lose money on their first flip". Is this actually true? Or are we just saying that? Now I realize asking active BP members might not be the most objective pole, I should also as...
Hello,I bought a condo in 2004 that I lived in for 5 years and then moved out and kept it as a rental, mostly due to the fact that I was upside down on it after the market crash. I have been negative cash flow on it ...
I've got a house under contract, I'm the seller. Buyers offered full price, $1,000 due diligence and $10k earnest money. It is supposed to close Monday, the 31st. We just found out Wednesday that their lender didn'...
Doing a little soul searching on a long road trip this weekend, and it occurs to me that I'm afraid of failing at flipping houses. My question is, should I be afraid of actually losing money? Or should I be afraid of ...
How are we doing here?We Bought 2 matching Duplexes in Feb of 2014 and paid $332,000 (+ closing costs) for both of them.They needed approx $37,000 ($18,500 each) worth of rehabbing and were occupied with tenants pay...
My fiance and I are new to real estate investing and she is the primary in this venture. She's a Corporate Financial Manager making good money and I am an IT Project Manager making pretty good money, but she is feeli...
Once a person lets earnest money go hard, they become emotionally attached.If you find yourself in a situation, where there was something majorly different than what you realized, then it is my firm opinion that it ...
Can you share your experience?
I always hear about people losing money flipping houses. Why don't I ever hear about people losing money doing BRRRRs?For instance, I've heard of people losing $5k-$70k on a flip sometimes, but I never hear of someone...
About 6 months or so ago found a new development being built in Buda. Decided to lock in one of these homes with 20% to use as an investment property. I wouldn’t have been cash flowing and would likely be losing $200/...