Scott Bowles
Due dilligence question
Good morning everyone,Quick question on financial due diligence, we have an accepted offer on our first actual commercial property (8 units), the financials they sent looked good, but how do you guys verify what they ...
Kathryn K.
Determining the wholesale offer on an REO
I was wondering how successful wholesalers, particularly in CA, are determining offers on bank owned fixers. The "70% of the repaired value minus repairs" formula seems to be not applicable in my market. The banks re...
Andy Pate
Pay Off Student Loan or Build Safety Net?
I just graduated flight school and I have a school loan because of it. The payments for the loan are deferred for 2 years, but still accrue interest (interest rate is 7.2% and balance is ~$60k). I intend to buy my fir...
Larry Murray
Received a response/threat from one of my mailers
I am a new wholesaler in Texas and sent out my first direct mail campaign last week. Today I received a phone call from an angry lady in California who received one of my letters and said that I am defrauding people ...
Elizabeth Wilson
Roofstock is coming to Memphis
Memphis investors:Thoughts on this: http://finance.yahoo.com/news/memphis-real-estate-...Just read the article and wondering how y'all see this affecting the market or not?
Dwayne Clarke
Section 8 Tenant with Interesting Story - Out of State Property
Good Day!I purchased a section 8 investment property that was rehabbed in December 2020 and had a tenant in the property at time of purchase paying $550/mth -- December 2021. The property was originally listed at $6...
Nathan Gesner
Topic du jour: are Landlord laws getting better or worse?
I'm bringing this up as a topic of discussion because what happens in the most liberal cities/states has a tendency to work it's way to other states. I like to see what's coming our way.Forget the COVID rent moratoriu...
Henry Clark
Self Storage- Building Cost increases
Just got our latest estimate for our Phase 2 of a location. This is for your normal drive up units. Last fall Phase 1 we were $3,200 erected for 10 x 15 or 10 x 20. This was contracted around February of last year. La...
Medriand Arnold
Closing at end of month, tenant pays on the first
Hello BP family,I closed on a duplex at the end of December. The home is fully occupied and the tenants were made aware that the home was being sold. One of the tenants has already paid for December, but the other one...
Wala Habiby
Roth ira, 401k vs Real Estate
Good evening,
I have been dealing with Real Estate for over 10 years and personally investing for over 5 years. I have grew my portfolio tremendously in the past few years with a $1,000,000 in equity BUT I have been...