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For context here is the situation. I have a quadplex in minneapolis, in a solid area, for 200K. The seller is selling as is. Obviously the place is going to need to be rehabed. I am still a newb here so i apologize if...
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5 units, that is!I am writing to share my story in hopes of giving other first time investors the courage to take the plunge into buying their first property! It is definitely nerve-wracking, but patience and guts ar...
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Hi Everyone,
It has been a while since I've shared with BP and I've got a few seconds now so I figured I'd start by letting y'all know what I've been up to as of late :D
I'm in the process starting my development...
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I placed an offer on a REO property last week and when I mentioned to the real estate agent that I would be wholesaling it and doing a double close she looked at me as if I had 3 eyes. She said she had never heard of...
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I don't know what property to buy:Property A: Pros: In up and coming area. This area WILL appreciate significantly over the next 5-10 years. A great LT investment. Had remodeled bathrooms. Great location. Cons: w...
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Anyone have experience using their Self Directed IRA for a real
estate purchase?
I have some $ just transferred to a SD-IRA. I am looking to use the funds for a purchase. What vehicle would you sugge...
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**This thread is for high turnover hosts. This is for bath towels, let’s not get off topic! At any one time, I have 75-100 bath towels in all my STRs. My biggest house with 9 beds had 9 towels in it until this morni...
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Hi BP Fam - The hubby and I have enough money saved to pay off either 1 of our rentals or our primary residence. Wondering how others might approach this, what makes the most sense, and why. Below are some data:1.) ...
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When protecting your assets, build a castle not a fence. You’ve made the effort to make your money, now keep it. You’ve built a fence to protect your assets by using an LLC, now learn how using the awesome power of Ir...
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I’m netting 2-3 times what I normally would be renting this unit for w/o Airbnb! And running it like I’m out of the country! Sweet! :) But had some challenges and failures along the way. And some shout-outs to those w...