Mian Rizwan
Noncollateral loan - too good to be true ?
Came across a non collateral loan offer ( work as a physician and got a letter from a firm offering 50 K -200k for personal / professional use). Was Offerred rates of 5-6.5% after few phone calls, with early return pe...
Kevin Gerace
Anywhere else the 1% Rule doesn't work out?
So there must be other places like my town. The average (decent shape) 2 family home is selling from 250k-325k. And the average rent is $1100-$1300. These numbers don't work out for the 1% rule. Everything I've ever r...
Account Closed
Thoughts on real estate agents carrying firearms...
Hello, all. I tried to look through the forums for a related topic to this, but couldn't find one. With all the news of mass shootings, more and more people are buying weapons for their own protection. This isn't to s...
Account Closed
Strategy for dealing with dues owed to an aggressive HOA?
Hello,I'm a new member of the forum, and I do have an issue with my HOA that I'd like to discuss. In this situation, I'm a homeowner, and I currently owe several years of HOA dues to the association. For various reaso...
Jason Mak
30 month Multifamily Flip in Riverside CA.
Hello BP,Just closed on a two year flip of a multifamily deal in Riverside CA. I don't usually like to publicize my deals but BP has been a nice resource and I thought I would contribute with my experience and answer...
Isacc Lightbourn
What is a cap rate and why are they important ?
I hear the words “Cap Rate “ a lot. What is a cap rate and why re they important? Is it something added onto a loan interest rate or maybe equity in a property? What is a good cap rate?
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Funny but not funny tenant behavior during showings.
Ok, so this is kind of funny and serious at the same time. I work at a property management company and I do investing on the side. We recently had a very, very good tenant, one of the best we've had, so month to month...
Nicholas Weckstein
Appraisal all wrong !
Im pretty blind sided by this.3 unit under contract at 140k, scheduled to close beginning of September. Inspection went well, bank has committed to funding it, title company is ready and good to go. Insurance in place...
Erik R Aho
Looking to get into REI, starting with $140,000.
The thought of buying cash flowing rental properties interests me. However, I'm from Long Island, NY and cash-flowing deals are very hard to find. I'm considering purchasing out of state but don't know which markets I...
Account Closed
tenant wants to change 2 yr lease to a 1 yr after only a month!
Hi, I had a tenant move in a month ago and already she wants to end her lease a year early, she signed a two year lease until june 2015.She claims she and her boyfriend want to buy a home and wants to end her lease in...