David Song
Why to avoid < 50 k properties
If a house sells 50 k and rent for 1000, it meets 2% rule. But actually I think it is not necessarily a good investment.
Assuming SFR, 1500 sf, 3 be 2 ba, in small Midwest town. Move on ready. 30 years old. No renov...
Shalom Shore
Help! Am I doing something wrong? Do I have what it takes?
I'm turning the community in the hopes that you can talk me off the ledge. Or at least provide some support or advice. I dreamed of investing in real estate for years. I networked my ass off and managed to buy four pr...
Roy Williams
Real Estate Professional - IRS Audit
Hi Folks,
Our friends at the IRS are auditing my 2009 return, mostly because of my real estate professional designation.
I have a full time job and the rentals take up all of the rest of my time and I easily spend mo...
Account Closed
Realtors, low ball offers, and lead tracking software
Hello All, Seeking some referrals for a few things. My partner/mentor and I are looking to start putting in a lot of low ball offers in on several listed properties in Will County, Illinois. Anyone know a realtor who...
Kim Pham
Raw Land for a first deal
Hi BP Community!Would love to get your guidance as I think this might be my very first deal. -FSBO priced at $80K (free and clear)-Owner is an elderly man who purchased the lot for $60K nearly 20 years ago through a f...
Aaron Moayed
Still 7-12% Mgmt Fee for $600 Rent?
If a rental property has $600-700 in rent coming in, is it standard for property management companies/people to take 10% of that ($60-70) or is it common for them to have like a $100 minimum? Just getting a feel for s...
Alex Jones
What is your “Why” for Real Estate investing ?
My “why” for started in this business is to financially support my daughter college tuition, room and board plus books and other expenses associate with college. Later expands to annual cruise travels and vacation hou...
Daniel Toshner
Just closed my 10th rental in last 7 months
BP,I am stoked to say I have closed my 10th property in last 7 months. I started looking on BP about a year ago. I was on a business trip to SD and had a lot of drive time. I must have listened to the podcast for 1...
Wendell De Guzman
Why Rent to Own Makes Sense For Newbie Investors
Rent to Own is great for newbie investors. Here are the reasons why:1. With rent to own, you can buy a property at closer to market value and still make money. The problem in a hot market is that getting good deals is...
Kimnee L.
Handyman fell down the roof
Hi all. I am wondering what my liability is when someone fell down my roof. Recently it was raining hard. Tenant called me, and I asked another tenant who had repaired roofs for me before. He has no license. He then t...