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My partner and I purchased a duplex in Phoenix, Arizona about a month ago. It was being wholesaled at 102k with both rents equaling $1300 a month. We closed on April 18 and the rents for the rest of April were pro-r...
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Our company typically flips one property at a time. We try to get 4 done per year. We have set our goal to be flipping 6-8 homes per year over the next 3 years while also holding properties as rentals. The problem we'...
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Hey BP Nation! As everyone has probably noticed, the market is out of this world competitive right now. What massive action are you taking to find deals? I thought this would be a great way to not only encourage one a...
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I'm in the process of evicting one of my tenants in cleveland. They are behind 7 months in rent. They voluntarily agreed to move out this friday. We plan to meet at the property, walk through the unit and have them tu...
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Took a tenant to court for money judgement. First time I've ever done this. She didn't file an appeal or show for the hearing. It was filed this morning stating defendant owes plaintiff $X,XXX with interest plus court...
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This is the manual input in your underwriting model that reflects the percentage increase your rents will grow each year.Unusually high organic rent growth inputs can be dangerous because it has a compounding effect.O...
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I live in South Carolina, and I have a rental property in Texas. I have a tenant who is a nurse with a decent income. She normally pays rent on time except for the last couple of months when she paid a few days late w...
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Ok. while bidding on Hud homes, I apparently put in Huds asking price instead of my actual bid price. I am the agent. I put offers in on 10 properties expecting all of them to be countered. No surprise, this on...
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Hello,Preface: I have no lending experience, looking for recommendations on how to protect myself with a loan for a flipI connected with a guy who seems to be a "straight shooter" with experience doing flips, kids in ...
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When a Renter pays there security deposit to a landlord does it go into escrow?