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Many opportunities in the Metro Detroit area where you can buy a house for pennies on the dollar. Cheapest in the nation. What are your thoughts ?
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Hey everyone,
I’m really happy I found the BP community and have now listened to most of the podcasts and attended my first REIA meeting this week. I’m hoping to ride that wave and really get going on investing.
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I just purchased my very first home in March. It’s a two-family and I fixed up the downstairs and moved in this April. Upstairs tenant has been there for 4years with various sketchy roommates. He has refused to prov...
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I want to begin my REI with out of state turnkey real estate. It seems like the best fit for me. From what I have been learning about it, the important things to research are the turnkey companies themselves and the...
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I realized that I dismissed Oakland / SF / the relatively close area out of hand -- thinking it can't possibly work because the buy ins are too high, and the cash ROI is too low, but I never actually seriously investi...
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I allowed a tenant to have pets (3 small dogs), with a pet deposit of $300. He was the first tenant in a newly renovated unit with refinished wood floors. After several visits in which I found feces on the floor, a gr...
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So I felt like this would be a good subject to journal, both for the input from the pros and as a loose guide for others venturing into this field of investment.
Although I have been involved in the purchase...
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I might be selling a website and will have around $700k to invest. I'm not an active real estate investor but I've been learning about it over the past few years. If I sell this website I will be getting a lump sum an...
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I am thinking about buying single family homes in a C class area. I have found $20-30k homes, that I would pay cash for. These areas generally rent $500-800/month. I would be cash flowing 2% or greater. They aren'...
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For you "private lenders" what mistakes have you made? I'm wondering if private lenders are 1. willing to disclose mistakes and 2. what they did to correct it, if they did at all.
I just read about private lending, t...