Listening to @Brandon Turner's webinar on BRRRR, and his first example looks like this:Buy house for $70,000Rehab: $30,000Closing costs: $2,500Total cost: $102,500Appraised after rehab for $141,000Refinance: 80% ($112...
What is the cheapest house you ve ever purchased?Why did you buy it?what did you do with it?Would you do it again?I hear about so many big money deals but low cost acquisition stories can be inspiring and motivational...
Hi BP community!I'm just starting out in REI. I'm looking for thoughts or feedback for me on what it means to be "socially responsible" when it comes to REI and property management. Anyone think I'm being naive? :)I p...
Hello fellow BP members. Has anyone taken the training provided by Than Merrill's group Fortune Builders? I'm looking for any pros and cons in taking this or any "Guru" type training. Any responses will be greatly...
Not screening properly.Not running numbers correctly.Not evicting in time.I want your mistakes and your stories behind those mistakes! Please share below.
As I'm starting out im realizing all sub 60k houses are in bad neighborhoods where the crime stats are higher and/or significantly higher than usual. With that risk in mind, isn't it easier and safer to invest in 100k...
In Portland, we must give 90 days notice to change rent/terms or renew lease. Tenants' lease ends May 31. March 1, I offered to renew lease for June 1, no rent increase. March 30, they emailed that they didn't want to...
My investment property had a fire and burned down... To be more exact, only half of the house caught fire and the other half got the water and smoke damage from the firemen and all that.The place is uninhabitable; ten...
Being in a low yield area and confined to a daily job (low yield requires job) brings desire for out of town property. As best as I can gather buy and hold partnerships are problematic.
As an out of state investor w...