KB Bergeron
Pay Off Properties vs Purchase More Properties
Greetings Everyone!
My name is KB and I am currently serving in the military. I have 2 rentals (one I previously lived in and converted into a rental, and the other purchased as a rental) Question: Does it make sens...
Jake Belden
Starting an LLC after two properties
In the past year, I have purchased two properties in the state of Connecticut, but am yet to form an LLC, which I would like to do ASAP obviously for a number of reasons. I have put 25% down on both properties with a ...
David Zheng
25 year old's First Year of investing....$1.5m rentals acquired!
It's the start of a new year and the end of my first year of real estate investing. Just wanted to quickly share my story and hopefully inspire some people :)Literally 13 months ago, I had 0 interest or education abou...
Rohan Attravanam
How I failed my first deal !!
Learning: NEVER sign a contract if you are not comfortable with the contents, no matter how bad you want the property.I was a typical BP newbie. Searching for financial freedom, I stumbled upon rental properties as in...
Jeremy Segermeister
Is this really cash flow negative?
Hi All,I'm still debating investing in my home market of the Bay Area, CA, or doing a STR in Maui. Despite preferring to invest locally, I originally ruled out the Bay Area simply because I didn't think I could get so...
Jennifer Lee
How one 475K condo turned into $2.75M in Assets in 15 yrs
Hi BPI had a post which I initially intended to describe now I did a 1031 Exchange to trade my first home (condo) into a $1M 3 story commercial flexspace (currently 6 units)as I began to write this, it should have bee...
Brian Zitzow
Realtor shocked I want to offer 100k less than asking price.
So I just got off the phone with my realtor. I want to write an offer for 245k on a duplex that is in probate and asking 350k. He was shocked. He said he "knows it is worth at least 320k". It's tax assessed at 315k in...
Brian Gibbons
Tips from Brian Gibbons re: Creative Financing (LO and LP)
I have been at another forum writing about "creative financing" at the Creative Financing Forum.Here is the intro:It is the spring and I thought I would give a primer on "creative financing" for the BP community.I wil...
Danette Stafford
Sale of a Mobile Home in a Park with Adversarial Park Management
I own a mobile in Colorado Springs that I purchased in 1997. It is in great shape as all the maintenance has been kept up on it and many improvements. It is located on a double sized corner lot in a quiet mobile hom...
Steve Christensen
Net Listing vs Wholesaling?
Can someone please explain the difference (if there is one) in a Net Listing vs wholesaling?My understanding of a Net Listing:Net Listing provision states that seller will receive a net amount of money (say 150k for t...