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Should I become a "slum lord"?
I live in Austin and am considering a property that is most definitely in a bad part of town. The street is littered with lots of un-picked up garbage and several cars on blocks. But the financing looks great.
4-pl...
Account Closed
What is the best RE strategy for people with a "full-time" day job?
Hello everyone,
If a person has cash that they would like to put to work in RE but can only devote less then 10 hours a week to RE work (because of requirements from their regular job)...what strategy would you sugge...
David Kuhlke
What's a good cap rate for an 11 unit apartment in the Midwest?
Hello BP,I'm looking at a deal, and I need help determining what qualifies as a "good" cap rate for small apartments in the Midwest.Here are the details:11 unit apartmentAsking price: $1.4 millionMonthly rent total: $...
Russell Holmes
Our first BRRRR story - a JV with no money out of our pocket
Investment Info:
Single Family JV BRRRR property in Apopka FL. My wife, @Mickie Holmes and I did 100% of the rehab aside from the HVAC install and an assist from a friend on some electrical. Our JV partner we flip...
Christian Smith
Is this a good location for a self storage project?
I have a 2.6 acre commercial property I've just closed on. I would like to build multi-family on the property in the future, but the market for construction is too high to justify new construction residential right no...
Jim Viens
First wholesale deal down in flames
What a way to start the new year (and my REI endeavors). Wow...where do I begin? Last summer, as a beginning wholeseller, I started sending out handwritten yellow letters to a neighborhood near me that looked like it ...
Jesse Levi Kelley
Looking to buy restaurant/bar with 8 rental properties
As this is my first purchase in the commercial realm I am hoping to gain some skilled knowledge of what I am getting into. I am dealing with a seasoned seller who seems to be demanding a bit much for the property I wo...
Travis Rogers
Storage Facility Purchase - 10% LTV Financing Requested
Hi Folks!
I have a few single family rentals (Oregon and Texas) and they're doing great, and I have a large amount of equity in each house. I live in Oregon and am purchasing a storage facility in Texas for $450k, th...
Ashley Wolfe
Building a Property Management Company for STR
I'm looking to create a property management company for STRs in the area of Texas where my cabin is, the Hill Country. I've self-managed mine remotely (4 hours away) for almost a year and a friend is asking that I ma...
Rachel Shepherd
Who allows pets and why?
Hey! As we prepare to market are two condos I am wondering if we will be hedging out to many possible tenants by not allowing pets. I really do not want to allow cats as they seem to spray and many people have allergi...