Allison Escovedo
Should we close on this 4 unit?
We are under contract for a 4 unit apartment complex in Taft for $170k.Each unit rents for $575. Currently, there is 50% vacancy. It was advertised as fully occupied. I talked with one of the tenants who has lived the...
Robert Tinker
How do you pay your contractors?
Just got my first deal. Now we are ready to renovate. Is it customary to pay contractors anything up front? Most bids came in asking for 50% up front and 50% upon completion.
Josh Pulley
Should i invest in Ryan Pineda rookie/ BP boot camp
As someone completely new to REI should i invest in Ryan Pinedas 8k rookie program or BP boot camp, or any other coaching/ mentoring program. Pinedas program seems a bit steep. But just reaching out to see if anyone h...
Philip Mullinax
Tenant Repair Overdue
Hey guys,I have a tenant I had to replace a toilet for at the beginning of the month due to their child flushing a number of toys down the toilet. I paid the plumber directly with the understanding the tenant would b...
Chris Reeves
Seller "withdraws" counter offer before written deadline - legal?
Hey folks,This situation has not happened to me before so I thought I'd ask to see if anyone else has been through this.
On August 16 I received a seller's counter offer on a property. The written deadline for accept...
Kevin Smith
No Money Down In Practice
Hey BP Community,As a new investor, I'm looking for some clarification on financing deals. There's a lot of discussion around partnerships, private lending, and hard money, but I don't see much discussion on the actu...
James Wise
JV With a twist. Money guy coming in with a Mortgage
Alright i'm not 100% sure how I want to go about this.
I have a tentative JV agreement in place. I'm writing up an offer for a house to hold as a rental . It will be a 50/50 split. I have a ...
Amir Stoudamire
Investing in HUD Homes? What Are Details that I Should Know
Hello everyone. I was talking with a real estate agent who said that he would be willing to assist me in buying real estate. In his email, he suggested looking into HUD homes. Now as a wholesaler, I have never dipp...
Liam Goble
Relatively new investor in State College, PA
Hey all, I'm a relatively new investor in the State College, PA area (home of Penn State). I've been using BP for about three months since I found it from Pete at Mr. Money Mustache and simultaneously from a Googl...
Keith Schulz
Cat Urine
Has anybody dealt with a cat house before? A place that I am tempted to offer on stinks of cat urine. I figure that I would definitely tear out all the carpet flooring and base trim. However, I'm wondering if the subf...