Hi everyone. I'm new to BP and new to REI in general. I'm looking to do my first deal and currently have an offer in a 6-unit multi-family house. Seller asking $140k with gross profit of $31k and net with $19k(w/o dep...
I have a property I rehabbed in NW Indiana. We've been fixing and flipping houses in the area for a few years, but this property is my personal residence. I did the work slowly as I had time over the last few years. A...
I thought it would interesting to share some recent experience we have had with some of these instruments. To that extent, an illustration of the pain that can come with working with an instrument that is not the...
In keeping with the spirit of Halloween, what has been your scariest moment as a landlord or investor?
Alright, so this is my situation:
I have a team of contractors that are ready to roll as soon as possible. I've got a project manager in place (because I can only dedicate part time hours to the actual rehabbing p...
I recently closed on my 1st property in Cleveland and it has been a nightmare dealing with the property management company I hired. They haven't been able to rent it out claiming that I am asking for too much rent and...
What single piece of advice would you give to a newbie to share the hind sight you've no doubt experienced by this point. Knowing what you know now, what would you have done?
A little background..... I live in Brooklyn with my wife and 2 kids. We love real estate but find ourselves priced out of our local market. We own two out of state SFRs that we bought turnkey and they are performing w...
I got the duplex I even have a quick response from my craigslist post. Then reality strikes. I'm clueless.How much of a deposit?Do I charge a application fee so i can cover cost of screening? How much?Is there some le...
I preapproved a borrower to put in an offer, but the listing agent denied the offer because it was from a big bank. There is a misconception that my bank won't finance a "flip" transaction. Our guidelines clearly st...