Jason Merchey
Cap Rate on a Nice Mobile Home Park
Hi all. I'm new to mobile home park investing. A friend got a piece of land under contract that is in an area I would describe as: growing, nice for a double-wide and small home neighborhood (some trailers, but every...
Jordan Mantel
Just put my first offer in San Diego!
Hi guys! Just put my first offer in- super exiting to even say that haha. Property is 280K market value (3B/2B) condo in Lakeside, California. Sellers description says that owner “wants it gone” and they lowered the p...
Michael Kay
Writing 100 offers per month
It's been explained to me that REI is a numbers game, and writing lots of offers is part of that. One strategy was to aim to write around 100 offers every month or two.My question is: Wouldn't a Realtor get tired of m...
Joshua Dorkin
China to Build World's Tallest Skyscraper in 90 Days! Do You Believe it?
I just came across the following story on Gizmodo:
China Will Build the Tallest Building In the World in Just 90 Days
Now this building is going to be constructed of prefabricated materials, so I think the number is ...
Julien Pouchon
Is TURNKEY property a good investment ?
Hi,
I am just getting started in real estate investment. I had a inheritance and placed most of it in Mutual funds. I would like to diversify my portfolio and invest in real estate, I live in New York and the real ...
Jason Wen
Need Opinions: Getting a new roommate who has surgery next week?
I'm a 28 year old male, and had a 60 year old male roommate who works in a school apply to live with me (roommate situation, private bedrooms with shared common areas). He hasn't been evicted from his current place pe...
Cullen Hardy
Generally...what's a good rate for a hard money lender?
I was investigating certain hard money lenders and was seeing 15-18% with a maximum term of 5 months...that seemed outrageous to me so I wanted to check in and see what would be considered a "good" rate.We can use an ...
Joy Buell
Purchased Condo, owner wants us to buy it, we don't want it
We purchased a vacation condo, the furniture was originally in the purchase price, but because it was a short sale they could not do this and broke it into two different contract which lowered the price of the condo t...
Michael Doherty
How to put an equity value on project/property management?
Hi all,My partner and I have found two individuals to help fund a commercial deal we found. The total amount down will be roughly 300k. My partner and I don't have any substantial money put down however, we will be m...
Dan Moore
Tenant screening isn't showing the true picture, what to do?
I'm new to BP, and new to focused renting and REI. However I'm decades into both residential and commercial rentals. Up until recently, it has been a sideline or ancillary to my normal business. We have some residenti...