Alyssa Baron
What is a Cap Rate and why is it so important?
HI BP Community!Can you help demistify Cap Rates? What is a Cap Rate? What does it tell me about the property? Why is it so important? I've read how to calculate Cap Rates, but I just don't get it...yet.Thanks in adva...
Nalo Coban
4plex for $50k - total monthly rents $2200 - whose lending?
In the process of purchasing a 4-plex at $50k. Total rehab costs are estimated $30-40k. Some units need more work than the others. The 4plex has 2br,1bth. The units would rent for $550-600/mo/unit. Have about $30k ski...
Christine I.
Would like input on this eviction in California
Deadbeat tenant who lived with his mother. The mother passed due to Covid and that was the last rent that I saw for that unit. He did apply for the California Covid rental relief and I did get money to bring him up to...
Account Closed
Cost to foreclose on non-performing note...
I've been presented an opportunity to purchase 12 non-performing notes for some duplexes. My question is what could I anticipate the cost being to foreclose on these notes? They are individual loans but are all owne...
Katie Neason
Issue repainting existing cabinets on flip. Is contractor right?
I am on my 4 SFR flip. So I have just enough experience to think I know more than I do. We are repainting the existing kitchen cabinets. According to the painter he has put 4 coats of primer and 2 coasts of paint (whi...
Allan Smith
Seller Upset With Me - Am I Doing Business Unethically/Wrong?
I have a BRRR under contract to buy. Somewhat distressed Landlord. Here's the timeline, and I'd love to hear feedback on whether or not I should change some of the things about how I do business. Quick skim will give ...
Edward Briley
Buying Real Estate with a credit card
I have an opportunity to buy a piece of commercial real estate in the downtown area of a small town. Now I may be able to get a loan on the property, or other ways to buy the property, however, both of them will requ...
Jamie Jacobs
Can decent money be made part time wholesaling?
Hello everyone! I've been researching quite a bit about wholesaling lately & am trying to figure out if this is for me at this time. Right now, I'm going to college part time (3 classes per semester) & working...
Tecsia Evans
Sell or rent investment property?
I have a new construction home that my husband and I built in 2020. We are trying to decide if we should sell or rent. If we sell after living in it for 2 years we would make about a $800k return ($400k of this amount...
Jean Norton
Tax deed in Florida
I was the high bid on a tax deed in a condo-hotel in Florida. I'm not really sure how that happened since there is a significant lien both from the condo association and the mortgage company. Both liens disappear si...