Dax Causey
House valued at 53k
Seller has house valued at 53k. He said he wants 50k. This obviously isn’t a deal but if I could get it under contract for 30, then would it be a good deal? I’m a newbie. Help me out
Johnny Khoury
When and when Not to get rid of a property
Hi every one,I have a propriety in Memphis that is braking even in income and expense .Just asking to see if I should sell or trade it in for a cheaper propriety .I have had it for about a year and its rented out for ...
Derrick Wortman
Investment Property Loans without DTI limits
Hey All,I am looking to purchase my 6th Rental Property. All my properties are bringing in great returns but I'm hitting a ceiling when it comes to DTI Debt to Income ration. With most lenders only factoring a percent...
Zachary Sales
50% Rule vs. Applying Percentage for Expenses
When analyzing deals, is it better to apply the 50% rule to a deal, or go through and apply a certain percentage of rent to anticipated expenses, being Vacancy, Maintenance, Capital Expenses, and Property Management? ...
Nick Meservey
First-Time Investment Strategy - Kansas City or Orlando?
Wishing everyone a happy Saturday! I'll start by thanking the BP community for the awesome content that is consistently provided on this website. I have only recently joined the discussion and it's been a valuable res...
Devon Rollison
19 year old with question about selling based on cap rate
Hello I am 19 and soon to start wholesaling, can someone PLEASE look at this and tell me what is wrong with this/ how this is not the true reality... it seems WAY to good to be true it is literally insane, but realist...
Jay Thomas
Real Estate Dealer vs Investor
How do you know if IRS tags you as a dealer. Every information out there is only talking about the differences between a dealer and investor. No one is really talking about the actual process. How do you know your cur...
Joe Mamma
half off 1st month's rent?
My landlord advertised "half off 1st month's rent". When signing the lease, I didn't read everything carefully. Rent is $750. We moved in on the 7th of April, paid $375 rent, got a credit for $375. I talked to the...
Jay Lancaster
What are considered to be fair percentages to be paid on private money?
I'm working with a partner in an effort to acquire 8 properties to buy, fix and hold. When the same private lender is providing the funds for property acquisition and the estimated 3 to 4 months rehab costs what are t...
Marcus Auerbach
Housing inventory shortage - what drives supply and demand?
I would like to put my theory out for a test and see if you guys can shoot some holes into it.Here it is:1.) Real Estate Prices are mostly a function of supply and demand. There are some other factors that play into i...