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Hello BP Family,I will be closing on my first 8 unit Apartment in a couple weeks, and my excitement us through the roof. I only have one issue. The tenants have washer/dryer hookups in their units and the water bill i...
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We are currently seeing a big swing to investors calculating an acceptable dollar amount for NET profit and not necessarily purchasing on a set percentage. For example, if a house needs a true $5,000 in rehab, and th...
21 Unit building in San bernardino1,495,000 asking priceActual GRM of 8.8 - Market GRM of 7.6It nets a little over 100K. From some research and asking around I've found that this specific area isn't too safe or somewh...
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Hi guys. I'm from SoCal and in contract for my first deal - a 3 duplex package out in the mid-west. The inspection report came back and the block foundation for two of the properties are in poor condition. Some of ...
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Hello BP!I just wanted to share my plan for creating an unfair advantage for myself. Another title for this post could be "From adversity to advantage"1. Become a licensed contractor. In Michigan all I have to do is t...
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Affordability is one of the biggest challenges in today’s housing market.
I believe smaller, more dense units are part of the solution:
1) Buyers can only afford smaller homes in today’s economy.
2) Denser unit...
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Hi everyone, my name is Ryan. I am a mechanical engineer in the product design business and am looking to begin my rental property investing business in the next 8-12 months. I plan to start with single family homes (...
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