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 ...
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
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...
Dan Mata
Need help transferring 100k in credit cards into cash for real estate investing?
Hello, recently acquired 100k in business credit cards for my corporation from a number of banks. Interested in feedback on how to turn 40k into liquid cash to purchase real estate..the credit card companies gave me ...
Don Bradley
Deal Analysis
HI All,I just had an offer accepted on my first property. I plan on living there and renting out the other extra 2 bedrooms. However, my analysis is based on if I didn't live there. Main objective is to cash flow as i...
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...
Tariq B.
Next door took my electricity whole connect. What are my options?
Hello all,So in my pleasant surprise I had been in the works with BGE to turn on the electric in the new project. They still have yet to come and turn on the electric since they needed me there to do it. Anyways I wen...