We are making an offer on a house. The house was listed as an REO for 79k and we made an offer after reviewing it of 35,200. The ARV would be around 120k. Prior to making this we reviewed the house and noticed it h...
Hey guys,I uploaded a rental property that I physically own. The formula came out to $1,000 more than I pay each month for my P&I (I know for a fact as I am actually paying it now). This obviously skews my numbers...
How do you handle a seller objection when you are discussing a lease option or seller financing when the seller wants to know if you, the investor, can provide a pre-qualified letter to show you can actually afford th...
Hi BP,I'm new to investing and looking for some help understanding NOI & Cap Rate and how they correlate to value. Specifically, will a commercial lender value our property with with these metrics for a potential...
We just agreed on a price for a 96 unit class C complex. The complex is currently managed poorly with out of town owners and "suspect" management and maintenance personnel.
First, we own and manage 90 units ...
Anyone else getting this question a lot lately?
When we buy notes at a discount our return far surpasses the rate of inflation. In 2020 the average rate of inflation was 1.2%. In the past 20 years the annual average...
I have a relative who is looking to 1031 out of their first rental. I have been thinking of creating a new LLC that would they could “contribute” to as part of their 1031 and combine that with my investment $$ and in...
Hello BP,My wife and I are looking to secure our financial freedom through Buy and Hold investing. We have been researching real estate investing for a couple of years now and recently joined the BP forum after the re...
I've found a condo foreclosure that was built in 2003 and sold new for $135,000. The current asking price is $24,500.
Assuming I can't get people lined up all day long to pay $850/mo, is there any reason not to buy ...
Hey everybody! Just a quick question for you guys. I’m looking at a property that has 5 units. It’s monthly income is $2,475. Asking price is 150k. I like that it’s well above the 1% rule. I’m still waiting to get the...