I'm in Southern CA and realize, based on the Podcasts, that the 2% rule can still be found in the Midwest or perhaps FL. Since the market has picked back up, I'm wondering if it still exists...generally? Or have other...
I have buyers who I spent the last 3 months driving all over the county showing properties to. We recently took a ‘pause’ as they paid off debt to get a higher preaproval. Then, yesterday I came across a Facebook phot...
Hi! New to this site as well as investing. I recently inherited $200,000 cash and thinking about investing in a STR. I live 24 minutes from the White House and within a 3 hour radius from many viable tourist area opti...
Hey BP!Just wanted to tell everyone about the first syndication I closed. Yesterday July 31st, I closed on a 48 unit multifamily in Columbus, OH. Purchase Price: $1,115,000Occupancy: 75%Down Units: 6 Light Turns: 66 -...
The recent default of Houston apartment-building investor, Applesway Investment Group, has raised concerns about the impact of rising interest rates on real estate investments. The company borrowed nearly $230 million...
*This thread hasn't been written to instill fear or troll other investors!So I am a new investor in the market (in Pensacola, FL). Important to note, that even though I have a professional degree and make over $100k a...
Hey BP. I wanted to share a tough lesson learned, partly to help others learn from my experience and partly to seek any words of wisdom/encouragement. :( Thanks in advance!I am just 2 weeks from closing on my first p...
When we purchased our 3 unit bldg together (newly married) in 2006, there not yet any red flags of the pending housing crash that reared its ugly head that very same fall. Some say 2008 but this part is not impt to t...
So theres a ton of talk about being over leveraged, a downturn or correction is coming, etc etc. Well, I'm pretty leveraged. It was the only way to succeed without a 350k/year 9-5. brrr over and over. So correct me if...
I have recently read a post that mentioned high cap rates can be risky?I am new to investing and up until the other day, I believed that the higher the cap, the better the income. What are the pros and cons of this? I...