Brandon Gentile
Four-plex help in Michigan
Hello BP Community!
I have a multi-family (4-unit) property that my parents and I are looking to acquire in Michigan (Northern metro Detroit). It is an interesting piece and I would LOVE to get some feedback ...
Dannielle O'Buckley
Looking to Invest Out Of State
After running a lot of numbers, I realized it’s not feasible to invest in my backyard. I’m looking to invest out of state now, but I have no clue where to start looking for a location. How is everyone who is investing...
Jameson Wildwood
Debt Versus Investments
So I have a very complex personal finance situation, one that's perhaps causing me more constraints than I'm fully aware of because of it's complexity and obligations. I feel totally ok with sharing some ballpark ...
Jenny Perron
Sell in California and buy in Kentucky or Ohio!
As a broker in California and in Kentucky, it's mind-blowing that cap rates are as low as 2 or 3 in CA and yet investors hold on to these when they could sell them and by 10 times the units in KY with strong cash flow!
Rick Bassett
Worst tenant ever - I missed a giant RED FLAG
If everything goes well then our worst tenant ever will be moved-out in just under 12 hours from now, the champagne is on ice and we are cautiously optimistic. Interestedly enough, the problems with this tenant have v...
Phillip Joo
College Respect?
HI BP, I was at a Financial College meeting with a man I've met twice. Everything was about college, until he asked, "Do you want to go to college?" I answered, saying that I knew it was a terrible investment that Im ...
Matt A
Deficiency judgement after a short sale
Hello CTC,
I have a concern. I recently had a short sale approved in California through B of A and the buyer wants to close asap. I got a letter from B of A stating "BAC Home Loans Servicing, LP...
Collin Hays
VRBO now charging guests 20 percent for a booking
Wow, it's getting to where it's VRBO is the one making all of the money. 2 years ago, the service fee was under 10 percent. If you add in the owner's portion, VRBO is carving off 30 percent or more per reservation. ...
Craig Haskell
Approaches to Creating Value
This is from a chapter in the book, [removed] Thought some of you might find it of some value:
Creating value can be as simple as buying a property that’s in great condition and in a great location in a rebounding...
Herb V.
The Dovetail Method
Double closings using the Dovetail Method. Can anyone explain why this is good or bad. How does it work? Thanx, Herbster