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Results (1051)
John Thomas Beginner looking for coaching/guidance/mentorship
30 April 2024 | 43 replies

Hi BP Community. I'm 25yo and motivated to grow my rental portfolio so I can replace my W2 income. I make $120k - $150k per year and am based on the west coast. I am looking to invest out-of-state as a long-term, buy ...

Jose Diaz How long on average does it take to evaluate a property?
7 June 2014 | 28 replies

Hello to all. I am new to RE and am interested in wholesaling to begin with. I have been reading Than Merrill's new book "The wholesaling bible". In the book he stresses the need to learn to evaluate properties qui...

Ben Leybovich What is Bad Debt?
6 February 2015 | 50 replies

There's been a lot of discussion on the forums as it relates to differentiating bad debt from good.  The most common view on BP is that any debt which does not produce investment returns is bad debt.I, for the most pa...

Paul Spangler Can someone confirm the 85% gross rent rule for FHA loans?
16 July 2016 | 19 replies

I was told by my mortgage broker that in order for a property to qualify for an FHA loan, 85% of the gross market rent for all units in a 2/3/4-plex must be more than the PITI, otherwise they won't approve the loan. ...

Paul McCormack Gurus that require profit sharing - Unethical or par for the course?
12 October 2008 | 30 replies

I recently evaluated a mentor agreement with a nationally recognized expert in SFH investing. Let me state upfront that mentoring and expensive courses are not something that I believe actually work, yet this program ...

Larry Cersosimo What is a good cash flow
3 April 2024 | 36 replies

I hear on many podcasts that people wont entertain a property unless they can hit $250 of cashflow for the door. What do yall think and how do your properties cashflow

Account Closed Postmortem of My First Real Estate Financial Partnership
23 August 2013 | 18 replies

As a new investor with no real experience, but with some money available, I though being the financial partner in a real estate rehab to be a good way to both gain experience by working with a seasoned investor, a...

Justin Pierce I'm done with Wholesalers, I'm taking it in house... Suggestions?
30 May 2013 | 67 replies

I don’t want to criticize anyone. I’m sure there are some good wholesalers out there. I just haven’t met one yet. I have, however, had a lot of my time wasted by many self proclaimed wholesalers.

I find that whole...