James Lusk
Just closed on 4-plex, offer accepted on 12 unit!
Hey everyone. My wife and I just closed on our first 4-plex and in the week after closing, have gotten an offer accepted on a 12 unit in Lakewood. Everyone here was so helpful with our 4-plex analysis so I thought I'd...
Amiris Brown
Ever hear of "Platinum Properties DMV"? Good/Bad? im
Have you ever heard of "Platinum Properities DMV"? I ask because they claimed to be 6 years old yet their website domain is only 5 months old (lying about how old they are is a glaring red flag to me). I'm wondering i...
Jason Neff
Pros and cons of cashout refi
Hey all,Pretty new to this forum and RE investing. I'm currently weighing the pros and cons of a cashout refi on my single family rental. I bought this rental as a primary residence in '17 for 190k with a conventional...
Darin Dutson
Buying a House while in Graduate School
SHORT VERSION:I have saved $30,000 during my undergrad, but I will have to go into debt for my graduate degree in Physician Assistant studies, which will amount to about $145,000 for the program alone. I have applied ...
Brian K
Well, I "thought" they were good people........
Well a couple months back I was on here talking about first showing my apartment for rent, went through a lot of people, and was finally glad to get some "good" people. The guy checked out, had his own business for y...
Rodney Kuhl
Indianapolis - Appraisal came in low, any way to get it adjusted?
I purchased a property in Indianapolis at a good price ($39k), well below what the comps show for the area ($50-60k for rental grade, $80-100k for retail). However, because the appraiser knew what the purchase price w...
Alex Brown
Talk me out of this deal
3/1 1200 sq ft c+/b neighborhood Asking price is 18k down from 22k they want a cash dealLong term HUD renter pays 450/moAm I missing something ?Thanks !
Mike Schorah
How long should an inspection period be?
I heard that the least you want to do as a wholesaler on a really good day would be 7-10 days. As a beginner, I think that’s way too tight.Since I’m just starting out, could I do 30? We’re not in a really good market,...
John Alosio
Tax Question - Put into service as a rental
Hello Great people of BP!I have a question regarding depreciated improvements on a rental property. I do have a CPA. But I just wanted to get a second opinion on my situation.
My first question: This past year I move...
Carl W.
Lying to Tenants about ownership???
I'm doing a lot of research before I start my journey into being a landlord real soon. I'm seeing a lot of people advising that it's a good idea not to reveal to tenants that I own the building. However, I simply don'...