Joe Kim
Airbnb - my favorite real estate investing- Observation #1
Airbnb or STR (short term rentals). The concept is furnished rentals that are rented for short terms as short as 1 day to 30days or longer if you desire.I'm a newbie. I only started in 12/2017 with my first airbnb....
Jeff Moore
Agent Commissions too high?
Selling my SFR, real estate agent put a total of 10% of the purchase price on the fee estimate. 6% for him and 4% for the buyer’s agent.
This seems excessive to me.
Is it?
Every google search yields “average of 6...
Salvatore Giancola
one tenant wants to leave after only 1 month on 3 year contract.
Hey BP members,I am looking for some advice on this matter. I purchased a newly renovated single family home and started screening tenants immediately. 2 friends came together and filled out an application together....
Ollisha Jones
Earnest money dilemma
I went to do a bid for a deal , cash deal, and the realtor ask for ernest funds to secure deal ...how can I go around ernest money without ruining my chances of defaulting on deal??? Help??
Mark S.
How Much Would You Pay for This House?
2BR / 1BA house. 1,150 sq ft. 50 yrs old.
Heating needs fixed. Plumbing (bathroom needs plumbing hooked up and basement has broken pipe) needs repair.
Median rent is $550/month, but I think it'd be closer to $4...
Ashley Wilson
Outlet Covers are the death of me
If you have rehabbed a house, you most likely updated the outlets covers to give that fresh clean look. If you are like me, you replaced the outlet and the cover. I randomly stumbled upon this article that is a game...
Chad Rupp
Underwater rental property. Keep it or short sell it?
I would love your advice. Should I keep this rental property or should I short sell it?I have a condo in Algonquin Illinois (3 bed, 2 bath, 1890 sq/ft) that I had bought for $265k in 2006. I have about 40k in equity i...
Emilio Ramirez
Who buys Multi Families w/ 6% Cap Rates
I've been looking at multifamily properties on MLS, backpages, loopnet, etc and applying the 50%/2% rule to them. I've also been looking at the cap rate, cash on cash return, IRR and NPV. On the surface, none of thes...
Christian D.
Can Mortgage Brokers Dilute Their Commissions?????
I have a mortgage related question regarding a property I am currently in contract with and hopefully set to settle on in the next couple of weeks.I am purchasing a duplex under an FHA loan (5% down) with the expectat...
Marisa R.
Turnkey versus Adding Value
I think about 6 months ago I would have said stay away from turnkey, however its still very much dependent on the price you pay for turnkey product.There are many turnkey operators in US that are charging way too much...