Leticia Wright
NDA Issue/Investor Is Violating NDA TERMS
Good morning, I'm curious about an issue that I'm having. I have been bird dogging for an investors for sometime now, and I have sent them multiple deals. None of the deals has ever closed before. I finally found a pr...
Zachary McDonough
Interest only: Good or Bad thing?
Guys, lately I've been catching a lot of flack for my last seller finance deal...Our seller offered 5% interest only for 7 years...I jumped at it. But, some people think interest only is dangerous. Pros: - more cashfl...
Andrea Coulter
Tax question for a loss on a rental property
Hi BP community, I am a small investor from upstate NY. I have 5 rental units, 1 a single family home and 2 two family homes that I rent.I am Wondering how the math works when calculating a loss on one rental property...
Julia Taylor
Can you 1031 into a cheaper property?
I talked to a 1031 exchange firm but left the conversation feeling more confused. Can I 1031 into a cheaper property?We bought a SFH for $400K. We put an additional $65K into it. Realtor expects we can get $550-$575K ...
Account Closed
How High Is Your Insurance Deductible?
Hello,
I am working with an insurance broker to lower my insurance payments to increase my rental cashflow. I currently have a $1,000 deductable and considering raising it. How high do you folks have it? A...
Michael Shadow
Drug use and contacting the police
I went to one of my apartments today walked in the door and could smell weed. I knew which apt it was coming form so I knocked on the door and asked the tenant if anyone in their apartment was smoking weed, I knew th...
Chip Cook
Stuck with unresponsive contractor
Please help!!! I closed on my 1st BRRRR project in August. Hired a contractor and laid out the project. Got formal bid and have gone over the details. I paid him 1/2 of the estimate up front ($15k). It's only about 10...
Account Closed
3rd Owned NTS Question
I have someone that wants to sell their property to me. Right now it says an NTS was filed last month, there was already a sale date that passed, and now the foreclosure stage is "3rd Owned". Does this mean that the m...
Scott Buckner
Low dit ratio.
Hello. I have a general question I hope I can get some good advice from. I have about 100k Cash i want to invest and get started on real estate. Been doing lots of research and ready to get feet wet. Here is the prob...
Brian Paine
Why does ROI % seem to go down after a certain number of years?
I don't quite understand this so called "law of diminishing returns". It shows up in the BP calculator each time I analyze a property. The ROI percentage starts to go down at about the 10 year mark. Plus I keep hearin...