Jay Hinrichs
The 2% rule kills values
As one who had never heard of the 2% rule or 1% or any of the other terminology that floats around BP,, I just became aware of the 2% rule. I was talking with a fellow from Oregon who was lamenting that there are no 2...
Michael Ealy
Is "Stupid" Money Chasing Millennials in Your Market?
Have you heard of the expression "stupid money"? It is when a herd of investors or speculators seem to be overpaying for an asset.In my market in Cincinnati and I guess almost everywhere in the country, "stupid money"...
Alex Applebee
My first flip at 26, a woman, ZERO construction skills.
I closed escrow on the sale of my very first flip back in January. Craziness of life got in the way and I never got around to posting about it here. However, I figured it was time. I SERIOUSLY credit BP for some of th...
George Gammon
Adjustable Rate/Ballon Payment Crisis Ahead?
Below is a chart of the interest rate on the 10 year going back to 1880. As we all know the 10 year is a reasonable benchmark for mortgage rates. In other words, or what matters to investors, the 10 year determines ...
Russell Brazil
Is Bigger Pockets Creating Unrealistic Expectations For Investors
One of the more complex parts of being a real estate agent is setting realistic expectations for what your client can expect from the market. There are always going to be people who have unrealistic expectations, but ...
Erik W.
BRRRR - How do you guys eat?
This question is for the folks who Buy cheap, Rehab fully, Rent, Refi, and Repeat (BRRRR strategy). I want to know how you make it work. Here's an example of what I'm talking about:Purchase price: $10,000Rehab (everyt...
K F.
Any other Realtors that started in 2021? How’s it been for you?
Last January my husband and I started out as full time Realtors. Right off the bat we got 2 listings so he quit his day job and we hit the ground running. Since then we’ve had only a couple more closings from buyer tr...
Wesley Wong
Dilemma: Own our own place or start investing
My wife and I both work and have no kids. We live in Seattle, Washington, where the market is really hot right now. We started looking for our own place back in October, but have yet to land anything. We've put in som...
Lindsey Leavitt
Rental Property Insurance, Fair Rental Value Coverage, Yes or No?
Hi there, I am switching over my 4 rental properties to a new insurance and nitpicking my way through the coverage. Some things will go, others will be added. My question is about the option of the Fair Rental Value C...
Serena Tillman
Best Housing Market - Out of State Rentals
Hi all!My name is Serena Tillman and I’m new to Bigger Pockets. During this pandemic and social distancing, my hope is to truly grasp REI as much as possible to start the process of purchasing my first property at the...