Larry Turowski
What rules for investors have you broken (and maybe routinely break) and how has it worked out for you?
I have broken so many rules, some out of ignorance, many not.For instance, I have paid contractors an up-front payment before work is done. And I've been taken. But I also have a very reliable contractor that requir...
Troy Brown
A little more complex than Im comfortable with
Morning Team,
I am a military member who has a small portfolio of homes and after joining the site i have really been scouring a few markets im comfortable with for that perfect multi-family. Ive made a few ...
Deb R.
[Calc Review] Help me analyze this low rent Duplex deal
From what I found on rentometer.com the rent for this place might me little low so from what I have read I should reduce the offer price for the property until it cash flows? I am also unsure of my numbers, I mean the...
Israel Wolterding
Wholesaling to hedge funds*
Good evening BP family how do you go about contacting these hedge funds directly once you have the company name ? Will skip tracing them give you the necessary contact information ?
Roy Williams
Real Estate Professional - IRS Audit
Hi Folks,
Our friends at the IRS are auditing my 2009 return, mostly because of my real estate professional designation.
I have a full time job and the rentals take up all of the rest of my time and I easily spend mo...
Todd Merry
How do you gather more properties?
I have a Single-family and a Fourplex that are rented out. Between the two I'm positive, but not by a huge margin. How do most of you gather more properties without having a huge cashflow? Maybe start a business?
Mike Franco
$1m equity, excellent credit, no income. What loans can I get?
I have a $1m house paid off. 830 FICO.
If I cash out refi, I can easily get a loan for $300k to buy a fixer.
After spending $50k out of pocket to repair, ARV is $500k. I want to further leverage the increased equity...
Jonathan Brennan
Landlord Eviction Through Text message? No prior notice Given
We have been living at this place for nearly 2 years. The "landlord" didn't have us sign a lease agreement for the place but we have been very diligent with our payments. Here recently they have spoken about needing t...
David Robertson
Flip without doing any work?
There is a house that is up for auction that does not need much of any work. I think the house might go for $130k. I was told by the agent that she would list the house as-is at $189k. I ran some comparables and I...
Account Closed
How the heck do you guys get all this money for multiple houses?!
After doing some digging around and speaking with several lenders, it seems that the normal guidelines for banks to fund an investment buy and hold property is a 25% down payment, plus 6 months worth of mortgage payme...