James Wierzba
Help analyzing my first MFH rental purchase
Hi All,Long time listener and lurker, finally about to pull the trigger and make an offer on my first property (a duplex in a semi-rural town in the pacific northwest).Numbers:Mortgage: $570 (with 20% down, $28,000)In...
Lisa Daconta
Flow of Buying Rental Properties
Hey guys/gals,I'm new to real estate and want to have 1 rental property before I head off to another state in a little less than a year. I feel like I don't have a good handle on how everything is supposed to flow fro...
Joseph Baron Fuller
How many units is too many for one person?
I want to know what most property managers have in place to handle large amounts of units. I currently run 150 lower end SFR’s, 5 Complexes less than 15 units per and a mobile home park totaling 230 units in two citie...
Account Closed
Refrigerator Replaced - Less Quality Than Before
Hey everyone, Looking to get some advice as I'm uncertain if I'm being unreasonable or not. I recently moved into a home rental (about a month ago) and we had discovered that the fridge we intended to use the ice/wate...
Michael Andres
Buffalo Flip Questions
Hi BP Community - we recently moved to Buffalo and fell in love with the old architecture here. My wife and I are considering doing some flipping (well - starting with 1). I’ve been researching the topic and I’m ready...
Richard Crowe
looking for accountability team/partners in Norfolk, VA
Hello BP friends,My name is Richard Crowe. I decided to give the 90 day intention journal a try. With this came an invitation to a "Mastermind Group". The intent, from my understanding, was that BP was going to place ...
Jerrad Shepherd
Sell properties to buy other half of a business we own.
My wife and I are half owners of a RV park in Nebraska and will be buying my parents out of their half at some point. We got into the business as equal partners with equal shares. The wife and I currently have numer...
Andre Clarke
My first deal with an Agent, what to do
I meet a real estate agent who provided me with what’s supposed to be my first deal. The agreed price for the property is $80000. However, he is asking for $5000 Earnest deposit which must be paid to the title company...
David Cas
Tenant hired bad cleaning company that damaged property
Hi, this is in California.Per our lease, the tenants were supposed to leave the property in the same condition it was found (minus wear and tear). We agreed to let the tenants hire a company for deep cleaning and carp...
Dane Michael Lannon
203k type loan for a shabby duplex?
Hey all,Looking at a set of duplexes that are currently rented but they're in rough shape. Each one needs about 30k in renovations, but they're "liveable" if you're into the slumlord thing. We have the cash to purchas...