Pavlos Kasselouris
Why use Quickbooks for buy n' holds?
The past days I'm researching ways to better systemize better my REI. So far since I have only 4 rentals the free version of RentecDirect works just fine, and if I decide to get the very affordable pro version I will ...
Jordan Lanum
Chicago wholesaler - question for contractors and flippers
Good afternoon BP! I am getting into wholesale in the Chicago land area, so far I have had little trouble getting in contact with "motivated sellers" and getting things under contract. I am working on getting my first...
Scot Sorenson
Analyze My Property BPers
Hey BP I wanted to throw what I have going on out there. I own a SFH right outside Minneapolis. I bought it in 2010 for 148K. Lived in it for 7 years. I put About $2500 into the kitchen. Put another 8K into putting...
Edith Acevedo
why are auction property selling for market value?
Hello, I am looking for guidance. I have personally done 4 flips, one was a hold/rental that I eventually flipped and old, one was a house hack, and two I did out of market with HML(my first two were out of pocket) 1 ...
Arnie Guida
Furnace Out Plans
Years ago another landlord told me he kept one of those stand up infrared room heaters around to keep a tenant happy until his furnace guy could get there to fix the problem if a furnace went out.Last night, while all...
Joe Latson
Complete Guide to Creating a Scope of Work
A Scope of Work (SOW) is a description of planned property renovations, with the primary components being a line item budget and a construction schedule. A detailed SOW is important for nearly every type of value-add ...
Kelli Van Doren
4 plex offer advice
Hi,
I am considering an offer on a 4 plex that is a short sale. Owner has 230,000 in debt. List price is 175,000. There is another offer already so I am to make my highest and best offer. Rent is 550/unit. It i...
Alex L.
In a Pickle - Looking for Advice
Myself and several partners invested in a piece of commercial real estate + business to operate from this real estate. The hired GC is awful and has rung up the bill well beyond the Loans we have available to build th...
Christopher Stewart
High End Class A ENTITLED renters
I have had a couple of typical 3 bdr/2bath suburban long term rentals over the years and generally the tenants are pretty realistic. I recently moved out of much more expensive home and renting it. It's 7k/month rent ...
Mary Ciccarelli
Cost to Furnish an Airbnb
What is the typical range to expect for coststo furnish an entire property for a STR? I know there are factors that play into that like size of the property and how high end you want to make it. But i just wouldn’t ev...