Michael Doherty
1st BRRRR Success(ish)
Here’s a recount of my first BRRRR (Buy- Renovate-Rent-Refinance-Repeat) deal with specific details/numbers. This post is long and detailed, but for those who spend the time to read through it, I hope it helps.
How...
Ken Weiner
Anderson Business Advisors
I'm interested in talking to anyone that has hired Anderson Business Advisors for help with asset protection strategies. This is the firm founded by author Clint Coons who wrote Asset Protection for Real Estate Inves...
Jay C.
Are Realtors days numbered?
I saw an interesting interview on CNBC today of Colony Capital CEO Tom Barrack whose firm has $34 billion under management. He spoke about the many changes in housing but touched on a real interesting point. He compar...
Matthew Mucker
Where does the 50% rule come from?
I know the "50% rule" is bandied about as gospel here in the forums, but haven't seen any actual, hard data that says that operating expenses tend to be ~50% of gross rent income. I'd like to verify this number is, in...
John Pruner
Deal gone bad, need advice please
Hi,I came into contact with an Atlanta rehab/investor named Andy on BP in Feb or Mar of this year (2014). He had a house for sale in Altanta that needed some major rehab work (about $15k). The house was not in a great...
Mark Parzych
Houston Flip - Regular Updates from Start to Finish
I am closing on my 5th house, which is my 7th deal, on October 17th and my plan is to renovation and sell it. I'm buying it from another investor who started writing about it in his BP blog but I won't share those det...
James Wise
Attention investors Don't be this guy.
Just got off the phone with another Realtor who showed one of my homes. Her clients gave me an offer that was 25% of the list price.Please folks Don't be that guy. Show some respect for others & their time. This ...
Jay Hinrichs
How important are sales skills to the investor
We see much discussion on how to find deals and buy deals. However not much is mentioned about how to handle the leads when you get them or HOW to CLOSE a deal.A great closer will out perform someone with superior kno...
Ivana Ivanovic
Help me figure out if I am crazy or...
Folks, I was talking to a turnkey company to buy an investment property, and looking at a few properties. Their pro forma sheet doesn't take into account ANY vacancy or repairs when calculating cash flow, and the rent...
Karen Higgins
BEWARE of fraud by erentpayment.com
We are currently in the middle of a scam by erentpayment.com. They have taken money deposited by our tenants and have refused to pay us. They have been very limiting with information and turned their phones off and ...