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We have found an off market property that needs minimal repairs. There is potential to make $30-40k on this flip. Would you suggest buying this with cash, doing the repairs, and then relisting on the MLS OR should we ...
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Hi everyone! I'm glad to have joined BP and looking forward to learn as well as seek advice and knowledge from all members! A little about me, I'm a young professional working in the oil and gas industry for about 3 y...
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Hi all,I recently moved two tenants into the lower unit of an "up/down" duplex. Almost immediately the upstairs tenants began complaining of a "strong pot smell" coming from the lower unit. My initial reaction is that...
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I'd love to answer any questions you have about best practices around maintenance and maintenance coordination, particularly around vendor, tenant, and owner communication or 24/7 emergency response practices.I have e...
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There is a foreclosed Days Inn in Riverton Wy That should be coming on the market in the next couple of months. It was Remodeled a couple of years ago they didn't put sprinklers in to bring it up to code. They tried...
I have been listening to the podcasts and learned about the BRRRR method. It makes sense and I get it but I had a clarification question. When you Refinance, I'm assuming that is a cash out refinance. Is that correct?...
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Hi BP!I am currently playing around with the BRRR Calculator but cannot figure out where the total cash invested number is coming from as well as the total profit for every year after year 1. Screenshots below. If ...
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I've recently come across an intriguing opportunity in the Detroit Land Bank, where properties are available for just $1,000. The catch? They might need around $80,000 in renovations. I have a few questions.- Have any...
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I own an 8 plex in Salem, OR and the property currently has about 1/4 acre of bare land that I am strongly considering partitioning into a sperate legal lot to build a 2-4 unit building. I spoke to a surveyor and it s...
I am 17 and I plan to get my real estate license next year at 18 when I graduate. I am really interested in luxury real estate. What’s the best way that I can get my foot in the door and maybe land an internship with ...