Paul W.
Are these prices for real on Cleveland
I just looked at a property at 14308 Lakeshore Dr in Cleveland. It's a 17 unit brick building for 255k, with a cap rate of 24%. It looks nice from the few pictures.
In the Phoenix area that would cost over a million...
Marcus Auerbach
My diary of setting up good bookkeeping - part 1
OK, I admit it, it's October and a little late in the year for making a new years resolution happen, but now then never. It's time for me to take my book keeping to the next level. When I was going through my tax prep...
Jason Maguire
Conventional Loan Help- Primary Residence
Hi BP Team,I've been looking to move out of my current house (SFH) and am looking to buy a 4 unit that I intend to live in for the next few years. My plan was to utilize a primary residence conventional loan & put...
Darrin Carey
Wholesaling, or Assigning Contracts?
A Friday Night rant.When did wholesaling and assigning contracts become one and the same?For those of you who sign a contract with no intent of closing if you can't assign it, STOP IT! It's morally and ethically wron...
Eddie V.
Commercial property management career opportunity
I've been approached with the opportunity to take over the management of 8 acres of retail and office space. This would be a full time commercial property management role, with the potential for me to get involved wi...
Joseph R.
How to sell new construction in middle income area
Hey guys - I'm having trouble selling a spec house I recently built and was wondering the best way to market it. It's located in a middle-low income area with the average home price(used) being around 170-180k. We ...
Granville L.
Tennant squatting
Well, after 4 years of renting we have our first squatter. Long story short, they paid for the month then did a stop payment on the check. When confronted they said they were not paying so I evicted them. Funny thi...
John Mead
Can a property management company put a lien on my property?
Hello all! I'm looking for a little advice. I've just terminated my property management company and now they are saying I owe them $500. Long story short, I've been told to pay up or they'll put a lien on my propert...
Gabriel G.
Diary of a newbie
Since reading J Scott's diaries, I've decided to make one of my own about my endeavor in the real estate business. Hopefully I can get a lot of advice and also contribute to other newbies in the area. Long story long,...
Nathan Gesner
How dirty will you let your Tenant be?
We all have different cleaning standards, but some people are just filthy! Below are images from an actual apartment that's been occupied by the same tenant for almost 30 years. He pays 15% below market rate but has n...