Serge S.
How does this story end? Prediction for 2020
I am perpetually game planning future moves and this exercise inevitably requires taking a position on how the near future will unfold and the best way to benefit. I am interested in hearing what BP users think is abo...
Dawn Anastasi
Section 8 Bible
Has anyone ever read these books (volume I and II)? In it, the guy talks about his strategy for buying and renting out over 300 single family homes.
For the first property, he started off with around $28,000 or so f...
Kim Hopkins
Mathematical Connection Between Debt Terms & Cash on Cash Return
After over a decade of doing this, I still don't understand how the debt terms directly affect the Cash on Cash return of a deal. For simplicity, define CAP Rate (:= NOI/Purchase Price) and COC (:= Cash Flow/Total Cas...
Arnie Guida
They Couldn't Borrow $100 For One Day?
A tenant was $100 short on the rent and paid me yesterday, the 6th, with the $25 late fee.
I'm thinking, one day, you couldn't borrow $100 for one day from someone to avoid paying an extra $25?
Let's see, $25 inter...
Philip L.
Replacing windows on a rental
I am in the process of renovating a rental property and I need to replace eight windows upstairs and one window in the basement.I have contacted four contractors to come on Monday and Tuesday to provide a price for in...
Curtis H.
A Potential Deal but...Property Manager
Hello BP,
So there is a home that I looked at today that is available for lease. It was shown to me by a property manager. It looked like a classic case of someone who accidentally turned into a landlord....
Al Williamson
Tenant Request for Compensation
Got a call from a tenant telling me that a blade on her ceiling fan flew off and almost hit her. I apologized but went silent when she said she wanted to be compensated for the mishap. I told her we would talk about i...
Brie Schmidt
Diary of a Bulk Buy
I am looking to do another bulk buy and wanted to document my experiences here. I already have a commercial lender in place who did our previous loan. The challenge is that I am looking to buy 6 - 10 properties that...
Steve K.
How can contracts be anonymous?
3 times in just the past week I’ve witnessed sellers discriminate against buyers because of either race or sex. Humans simply can’t be trusted not to discriminate if given the chance. We’ve put laws in place to make d...
Phillip Joo
College Respect?
HI BP, I was at a Financial College meeting with a man I've met twice. Everything was about college, until he asked, "Do you want to go to college?" I answered, saying that I knew it was a terrible investment that Im ...