Drew Petro
Car Wash Asset - What Am I Missing
Gross revenue of ~$75k, NOI of ~$35k, valuation based off 4.3x gross-revenue, not 5-7% cap rate. Better Cash flow monthly?My realtor called me recently with an interesting investment opportunity - a local car wash. It...
Chris Hall
BRRRR'ing - How Tapping a Heloc Affects One's Credit Score
Hey everyone, I'm a fairly green buy and hold investor in Raleigh, NC with two deals done now (long term buy and holds, single family residences, very basic), and I'm looking to keep building my portfolio in the next ...
Shari Posey
Help me choose among these tenants--all bad
Wow, the economy must really suck because for the first time ever, every applicant has major problems. We have 3 applicants all with different problems. Our rent is $1095 and tenant pays all utilities of about $130/mo...
Jarrod Rayner
VA Loan and a military transfer, How do I get another house?
I bought a condo for 262k of my 417k VA Eligibility, I'd like to by another home at my new duty station (PCS orders). I'm trying to buy a home or two at each duty station until I leave the Military, I also am having a...
Joshua Tikal
In Agent We Trust - How do you know?
My wife and I are just about to make our first offer on a couple of BRRRR properties. We have completed the prep in reviewing comps, using the amazing BP calculators!, walkthroughs with contractors, and reviewing our...
Matt Rothwell
Private Money Deal Structuring?
I’m finally almost done with the updates that I wanted to do on the duplex I bought last fall, which means that it’s about time for me to start shopping for new deals. I’d prefer not to move and take another FHA loan...
Harvard Hill
My First Flip
I’ve been dreaming of flipping a house for the last five years or so and trolling the BP forums for the last six months. BP was a big factor in getting me comfortable enough to pull the trigger and buy my first inv...
John Mazzella
Columbus Ohio Market Research
Hi Everyone,I am new-ish to bigger pockets but this is my first post. have been doing some high level market research and Columbus Ohio stood out. I was drawn in by it’s population growth with potential to keep growi...
Andre Galaviz
Updated Deal Analyzing guidance, anyone?
Hey there BP Community! I hope everyone is doing well.
I jumped on to BP about six months ago, started reading and learning and in the last three months I've picked a Contractor, an investor-friendly Real Estate agen...
Trevor Levine
If tenants don't qualify, would you accept a foreign co-signer?
Two youngsters want to rent my 1-bedroom furnished apartment. They have little income, but one says her parents are supporting her while she's in college. So I asked if the parents would co-sign.The parents said Yes, ...