Gary Lawson
Trying to Figuring out the BRRRR Formula
I am a relatively new investor that has gotten my feet wet by using my own savings to buy my first deal. The deal was just okay, and now that I have the education of how to actually evaluate, buy, and rent a single f...
Ross Sib
New apartment construction process
Hi,I have a basic question on how to go about evaluating responses form architects. I never dealt with architects before. I have a 7000 sq.ft. lot with R-3 zoning. So I found an architect from a similar project devel...
Carey Harris
The number one rule in Real Estate
Location, Location, Location! If you have property in the right location, at the right time, you can't help but make money. Simplistic but true.
Angelo Van
Applying and judging the 1% rule
So i've heard many people talk about the 1% rule. The rule states that the monthly rent should be around 1% of the purchase price. Now I want to say I do understand this is a rule of thumb and I do understand it's no...
Robert N.
How to cash out and refinance - not finding it easy
Hello BP,I have listened and read many stories on BP of how people buy a property, fix it up, cash out and use the cash to buy the next - like a BRRR. However, I am having trouble which is frustrating. My income tax r...
Ry Eikleberry
Phoenix Newbie trying to start with 1031 exchange
I'm in a unique situation (like most) and have began seriously considering real estate investing as revenue source for my family. I'm a professional racehorse jockey and often so busy with that life I seldom have had ...
P.J. Bremner
Running comps, am I way off or is the wholesaler? Help! D:
I saw a deal recently from a wholesaler on BP and I wanted to run something by some of the more experienced investors. I'm well aware that most wholesalers tend to "dress up" their ARV numbers and "dress down" their ...
Tim W.
Gas bill needs to shrink now!
10 unit in Cleveland, OH. Only 5 tenants and gas bill is $700/month. Is it me or is that high?
What change/upgrade should I do to reduce this bill other than charging the tenants a "utility bill"?
Any help/advice ...
Eric Andrews
Hot Water Heater- Replace or Repair?
I had an electrician address a problem with my hot water heater, he fixed the wiring, but referred me to a plumber to replace the heating element and thermostat. The plumber wants to replace the entire unit for $2,800...
Fred Heller
50% rule question
When estimating operating expenses using the 50% rule, do you include property taxes and insurance as part of the 50%? Or do you consider that part of the mortgage payment?50% seems kind of high to me without the taxe...