Account Closed
Make profit in Day 1- even during rehab?
Hello again BP, i had just read the post "How I Decide What I Buy" and i came across a very interesting sentences stating "mismanaged properties with vacant units which need remodeled and re-rented can not possibly ma...
Ryan Toth
Giving back to the BP community
Hi All,Tonight I listened to Brandon Turner's intro to BP webinar and decided to go Pro. One of the thigns he mentioned was helping out. Even as a newbie. Well, I am not experienced in RE yet, but wanted to share with...
John David
VA tenants left after 3.5 months, best course of action?
Hello,This is first time posting on this community, so please inform me if this was the incorrect area to post. Love the community!**here is the condensed version below see in between the dashes, for the longer versi...
Pat Jackson
Can a hospital really not answer this question?
I'm looking at a small town (probably too small) to invest in. There is a small hospital, and I'm curious about the potential of providing nicer (maybe even furnished) rentals to traveling staff. I know I've seen th...
Bryan Price
Selling Primary Home with Redfin
My neighbor who is listing his home with a local realtor told me "pick any other brokerage firm as long as it's not Redfin. They don't have the connections to sell your home at as good of a price." I'm a bit skeptic...
Charlie Garner
Just bought my 2nd rental property. Am I doing this right?
Quick background on how I got here.In 2009 my wife and I moved into our first home together . It was a brand new home for 109k here in Texas. In 2015 we were blessed by some very grateful friends and we were able to p...
May Cornwall
Structuring an Owner Financing Offer to 5 Co-Heirs
I am planning to make an offer to buy an inherited property from my 5 co-heirs. The home on the property needs major renovation and repairs. After the renovations, it is my intention to hold this property as an exclus...
Jacob R.
Seller Financing Proposal
Hi everyone, My wife and I are looking to buy our first property and would like to get some advice for preparing a seller financing offer. We currently live in Illinois about 20 minutes east of St. Louis and are movin...
Jason Malabute
mi vs pmi (mortgage insurance)
When lender says, "For FHA loans, there's a 1.75% upfront MI (usually added to loan amount) and 0.85% monthly MI" What does that mean???For example, if the property is worth $559k, $200k down, and $359k loan would fol...
J. Erickson
First vacation rental / meddling neighbor
I purchased my first reno and now have it listed as a vacation rental. I have it rented about 50% of the weekends to couples who come to use trails or go sight seeing, my family uses it when I do not have renters. Not...