Colin C leamy
Buying $40k rentals in Florida?
I'm tired of barely scraping by and I've decided to give the BRRR thing a go. The most I can afford is a $40k-50k home. I live in Connecticut but the prices here are insane so I decided to try Florida since my grandmo...
Kevin Trumbull
Advice on starting out
I'll try to be brief. Looking for some advice on how to start out:Goals:Cash flow focused (SFR or Small Multi)'Retire' in 10-15 years (expenses covered, $7K a month)Issues: Full time job8 month old daughterBarely any...
Josh Mitchell
Big Story from a little Guy
Ok, so this is going to be quite lengthy, I would just like to share with all why real estate investment is something that has come to my plate. I am a 37 year old male residing in Bedford, Pennsylvania. I feel like...
Stacey Blunt
Contractor Bid Questions
Ok, so me and my partner are doing our first rehab and are in the process of getting general and subcontractors into the single family home to give us bids on our renovations and improvements. We just got our first on...
Jennifer Jacobs
Contractors requesting deposit - is this standard?
Hi Everyone,What do you do when your contractor asks for a deposit?My partner and I have always done our own rehab. The next project we are working on we can’t do ourselves and are looking to hire a contractor.We’ve ...
Matthew Powell
How can I use my 401k to invest in real estate?
I have a 401k with fidelity that I have been contributing to for 8 years now. I have built up a good amount of money in this account. The ultimate goal is to quit my W-2 and live off of passive income. Which means my ...
Mario Casarez
$170K for a full gut rehab in So Cal. Is it reasonable?
I recently had a contractor come out to a property in Whittier, CA (1640 sq ft home on a 6400 sq ft lot) that needs a complete gut rehab and below is the soft quote he gave me and everything he'll cover for $170K. No...
Don Chambers
direct mail - response rate too high
I just started a direct mail campaign. I sent out 1,109 postcards in 2 batches. The first 600 hit today. I expected about 3 calls - 1/2%. I have gotten 23 calls - almost 4% and I could not get to all the calls. I...
Jonathan Johnson
When is an on-site manger is needed for Apartments?
Hello BP,I'm looking at a 100 unit purchase of 2 buildings. One of the opportunities I see in the apartment is they have a lot of staff.The management on payroll is as follows: Maintenance at $19.50/hr; Part-time main...
Mike W.
New Investors
I wrote this a couple years ago for another audience and from some of the recent posts I have seen, I dug it up and figured I would share it here. The information is just as valid today as it was 2 yrs ago.
I recent...