Erick Guajardo
Recommended areas for first rental property in Maryland
Hello everyone! My name is Erick Guajardo, I'm planning to start my REI adventure soon focusing on buy&hold properties and would love to get some advice on where to invest. See I'm fairly new to Maryland and since...
Ryan Zomorodi
First Long DIstance BRRR! Foundation + Basement Water Issues REO
Hey BP Community-I'm working on my first BRRR - and it's turning out to be quite the challenge.1925 built multifamily property in Cleveland, OH, purchased as an REO (AS-IS, buyer assumes everything, no disclosures, et...
Brad Kaiser
Is it better to finance or pay cash?
I'm looking at a low cost, multi-family property with a NOI of $11,312 (seller's figures). The asking price is just under $100k. If you had the option of paying cash or financing, which way would you go? I'm looking f...
Rebecca Cramer
HELP! AC broke and guests slept in 80 degree house..refund or no?
I had a guest stay this weekend for two nights. $500/night. First night AC was broken. It was just fixed and they will have the second night in AC. Should I give them a full refund for the first night? Or partial? Wha...
Account Closed
Miami Market Trend: Low-Rise Condos
I wanted to share some thoughts I have been developing for my clients regarding potential investment opportunities in older low-rise condos in Miami, Florida. Investing in older low-rise condos in Miami, Florida, is ...
Meredith Mihm
I just agreed to a land contract?!
We just shook hands on a 6-plex deal-- owner financing-- 185K, 37K down at 3.9%, 30 year amortization, 10 year balloon. But he kept saying "land contract," and I didn't ask what he meant (face palm!!). When we got b...
Lawrence Paul
Ten properties in 1 year...how is this possible!?
I keep seeing these life changing one year turn arounds in peoples lives.My main question is how do people buy 10 properties in one year considering the DTI Ratio?I am personally making 65k-70k/yr at my W2 job and can...
Billy Mclachlan
Calling All Sinkhole property specialists!
Hi B.P's I am an investor from New Zealand currently active in the earthquake damaged house market. We buy As is where is properties and rem-mediate the structural aspects to obtain insurance then sell for modest prof...
Chris Mason
First wholesale deal. Traditional mortgage. *100% BPers.*
This was a unique transaction, and as much as I'd like to say I've "been there, done that, seen it all," this was my first transaction involving a wholesaler. Cast of characters: Account Closed - Wonky-deal-friendly e...
William Graves
Chasing first deal in an area out of my budget
I have been looking at properties for awhile and I think I’ve narrowed down the niche I’d like to stay within. I’ve read countless threads on beginner investing tips and the best way to get started and I have a genera...