Aaron Gordy
Once again, Austin metro is the lowest in Texas for unemployment
The numbers just came out. Austin metro is clocking in at 2.8% unemployment. Last month it was also 2.8% unemployment. Year over year the unemployment decreased from 3.2%. The cumulative labor force expanded over the ...
Adam Frehm
Advice on a Duplex please
View reportHi everyone. I've found a duplex that looks like solid numbers / a good purchase to me. (Pl. see attached report). Seller's asking 399k, I ran the report at 390k purchase price. I'd be grateful for your...
Thomas Weidner
Buying HUD Foreclosures
I have recently came across a possible deal that I am considering making a offer on. It is a HUD foreclosure. I would purchase it to remodel and then resale the home. What is the process when dealing with HUD? What ar...
Edmundo Garza
Note Buying?
Hey folks, rookie in South Texas here. Found a house in my neighborhood, it is to go to foreclosure auction May 2016. I was able to make contact with the bank that is holding the note. I was told that I could buy the...
Natalie Kraft
Valuing a Five Unit Noncomforming Building
I am looking at purchasing a building with five units that is currently owned by a “permissive” landlord. The units are renting out at slightly below market (maybe $100-200 per unit), but they are in significantly wor...
Adam Scheetz
Live Auction Due Diligence & Bidding Tips and Tricks
I'm looking at XOME.com and Auction.com and it got me to thinking, I've got a great prompt for a cool discussion topic!! What are some tips and tricks for conducting due diligence on properties going to auction?As in;...
Ken Martin
Listing A Property - Do I use Pro Forma or Actual assumptions???
Hi All, I purchased a 5 unit property in SW Michigan about a year ago. I bought the property from the bank for very cheap, but now that I've done renovations, raised rents, billed back utilities, and have the property...
Mindy Jensen
Analyzing Deals: How Can We Help?
What is your biggest problem/mistake/confusion when analyzing a deal?
Kellie Powell
Walking in to a prospective home for an investment purchase
Do you have a check list of things to look at, take pictures of or write down? Do you bring your contractor with you for the first look? Do you take measurements? We are looking for our next home to flip. We have ...
Ahmed Elias
Is Negative Cash on Cash ROI considered a good investment ?
Hi BP Community I am a newbie investor and trying to invest in the Mid West with the hope to generate positive cash flow. Since this is my first investment I am trying to play it a little safe. My concern is that I am...