Nickolaus Banks
Closed on first property
Hi BP,Just want to say thank you to the BP community for all the knowledge and confidence that you have provided. I started researching REI the first of this year and stumbled across BP. My wife and I decided that we ...
Camie Jelinek
Looking to buy our first rental property-How much money should we have put away for maintenance issues before buying?
I manage properties for a man that is wanting to sell some of his rentals. He is 90, his kids don't want the future hassle etc... We are going to do a owner financed contract for deed so I don't need any money up fron...
Deanna G.
Month to Moth Rental Agreements
Hello BP Family,I am considering using a month to month rental agreement. Does the agreement automatically renew every month? Do I have to get the tenants to sign a new agreement every month?Thank you
Anthony Kimble
Any Active Members in Baton Rouge, LA?
Hello AllI am an active investor in Baton Rouge, La. Along with my partners, I currently own 14 single and multi unit properties in the Baton Rouge and New Orleans area.Currently interested in networking with other i...
Mike Celli
[Calc Review] Help me analyze this deal
Ran an analysis on this. The rents are below average according to Rentometer. There is also the possibility of installing a coin laundry to increase revenue. I think the area is pretty good. I've been around there a ...
Eugene White
What are the pros and cons to opening a business account?
Hi BP,I just bought my first duplex and wanted to get some advice on whether I should open a business account as a sole proprietor or LLC and what bank accounts I should be considering. Are there any particular banks ...
Peter Tonsits
Business Partners & Your First Property
Hi,My name is Peter and I am 24. I have a two friends who have similar goals/aspirations and we would like to start investing in real estate. We are trying to read everything (books, forums, etc.) and listen to everyt...
William Bucklin
How to fund the rehab?
Hey everyone! I just purchased my first property which I plan on BRRRRing. It was a owner financed deal. The property was 29,900 with 25 percent down, 6 percent interest on a 10 year loan with a 5 year Balloon. I’m li...
Patrick McNeill
Humble enough to ask Smart enough to listen
New to the real estate business in Indiana. I just got my real estate license and Joined MIBOR. I would like to find a mentor to work with, learn from and possibly partner with in the future on investments as well. If...
Robin Casper
Take maximum refinance amount Brrrr?
I am trying to decide if I should take out the maximum amount I’m able to when I refinance a BRRRR deal. This is the scenario on the SFH...Purchase price: 50kRehab/ closing costs: 10kARV: 100kMy bank will give me a co...