What’s up y’all. I came across a house that’s a for sale by owner 3/2 started out asking for 210K then drastically went down to 175K. After getting inside and calling owners it’s 1300sqft and completely gutted; floor,...
I am looking for my first commercial deal at the moment, I have all my "ducks in a row", however I realized that obtaining financials (T12, Income and expense, Rent Roll, Accounts receivable/payable,) and I always get...
Hello everyone, I am new to BP and this is also my first post. (Reposted in this category). I'm currently self educating and analyzing small multi family properties in Lakewood, OH. I also currently live there as a re...
I am a newbie real estate investor, and I have been educating myself for the last couple of months. Listening to podcasts daily, reading real estate related articles every day, real estate books, connecting and networ...
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I have my eyes on this REO I saw on the MLS, the bank is asking 79k for it, it needs work and I haven't laid eyes on it. I plan to go do a walk through with my agent this week. My question is since I know the house is...
When I get a call from a seller who is responding to my letter, what is the objective of the first contact? Is it to establish their motivation and set up an appointment to meet with them in person?
Hello BP!I'm running numbers to get some practice and I came across a property on Crexi that just doesn't add up for me.I'll lay out the numbers if anyone would care to chime in, maybe I'm just missing something. Ther...
Hello! When analyzing a vacation property, I have been looking at comps on AirBnB, VRBO etc, and using 150 days/year, to figure out the rental income. Do people do that, or use the monthly income, like a LTR, using t...
New investor here. I'm trying to do quick analysis for properties using mostly rules of thumb (50% rule, 1.5% purchase price for rent, ect.) I feel like I'm horriblely estimating them. I'm not sure if I'm using the ru...