Simond Wong
Renting to Section 8 Applicants
Hi BP Fam! I am just starting on this journey in real estate and I am loving it so far. I am based in Philadelphia. I am interested in hearing about your experiences with Section 8 Tenants, specifically:
1. Why did y...
Brian Gibbons
Getting Busted in Ohio for Wholesaling and Praticing RE without a License
Read Ch 4735Get a lawyerGet licensed and do wholesaling in OH02 July 2014http://www.com.ohio.gov/documents/Fall10REdiscipline.pdfLYNETTE S. MALY, Twinsburg, Ohio, was found by the Commission to have violated RevisedCo...
Susan Franke
How to analyze a property without contractor knowledge?
Hello! My first post- hoorah! I've been scouring properties on Zillow/Redfin/Realtor and did tons of research to learn how to "run the numbers". I've even gone to look at a property. The problem I'm having is that I d...
Account Closed
SFH First Offer Analysis - Philly
Hi all - I'm looking to make my first offer on a SFH in Philly. It's a B house in an A neighborhood. This will be a buy and hold investment although I am including sales expenses to get an idea of the full ROI.Any f...
Michael P. Lindekugel
A recession is coming and maybe as early as summer
Previously, the Federal Reserve indicated it would raise the federal funds rate four times this year. On March 16th the Federal Open Market Committee said it expects to raise the federal funds rate six times this year...
Wesley C.
Is siding to replace rot an improvement or repair
I've got a house with fiber board siding that is rotting on three sides of the house. I'm going to put vinyl siding on the three sides of the house that are rotting and and leave the front of the house fiber board be...
Jamie Banks
One Year MTR Anniversary
January 18, 2023 I bought my first MTR in West Philly. I wanted to share a breakdown of what I learned from the property.- Always plan for reserves. I've experienced slow periods and having to dish out money from your...
Matthew Mucker
Where does the 50% rule come from?
I know the "50% rule" is bandied about as gospel here in the forums, but haven't seen any actual, hard data that says that operating expenses tend to be ~50% of gross rent income. I'd like to verify this number is, in...
Brie Schmidt
HELOC payoff strategy
Twice recently people have told me of this new strategy to use a HELOC to pay off your mortgage faster. You essentially take out a HELOC to pay off your first lien, and then use that account to direct deposit your pa...
Shiloh Lundahl
Millionaire - RICH or Middle Class?
I have had a interesting discovery recently. At the end of last year, I was finishing updating my financials and I realized that my networth had reached over 1 million dollars. That had been one of my financial goals ...