Here I sit, working a Master Lease Option on a 60-unit. It's a decent deal: $50,000 to hold it for 3 years. It's mismanaged and has upside. Needs a minimum of $300,000 to get it from a C to a B. In other words, I will...
I had a potential tenant contact me and ask if I accept felons. I have read that it's illegal (discrimination) to flat out say "no felons" so I asked what the crime was. He said "sex offender, 16 years ago when I wa...
We have a property under contract that we are going to wholesale. We have 6-7 people interested in the deal already in two days. We are going to meet 3 possibly 4 people at the property tonight to show it. How many...
So, i am wanting to do some real estate investing- but currently I have been renting my own residence for the last 5 years. I am paying way more in rent than it would cost me to make payments on a similar home. In f...
My wife and I have been househacking for 2 years in Southern California and have been able to completely cover our mortgage in our 4bd SFH! I want to share as much learning lessons as I can so post any questions you h...
Property A was owned by LLC A 50/50 me and another partner. After five years of LLC A owning Property A, I created LLC B with two extreme-minority partners (0.5% each, as a formality for lending purposes) and bought ...
Hello BP,
I am having difficulties renting out my property in the winter. I have had two applications. It is a couple, one has a good credit, almost hits the income required, good credit score. Her Boyfriend isn't th...
Hi all!
My wife and I are getting ready to move from Rhode Island to Cleveland, Ohio in the coming months. We met while we were getting our teaching degrees, but nowadays she's at home with our two feisty (OH SO FE...
Hi everyone! My husband and I graduated from University in the Spring, we both have full time W-2 jobs, no debt, a 780 credit score, about $25k saved, and live in Salt Lake City, UT. We’d really love to house hack, bu...
What is a cap rate? Why do I want to know it? How do I determine it? What is a good one?