Mike Greenwood
Flip or Flop?! Analyzing for my first flip!
Hey BP!I live in the southeastern Wisconsin area and I am looking to do a flip property as my first deal. Ideally it would be a live-in flip since I am currently renting for another 10 months and I can do most of the ...
Barrett A.
Opendoor = We’re Doomed?
Hi All,I was hoping to get some of y’alls opinions on how today’s news about Opendoor could impact our business.I have personally received a slick letter from this company, offering to buy one of my rentals.They just ...
Tamas Z.
How to determine cost basis (for depreciation)
Hello,I have a newly-purchased residential rental property, and I'm just now setting up my financial tracking for it.What's the correct number to use as the original cost basis, for depreciation purposes? I'll be spli...
Cameron Clark
Conventional vs. 203k Loan
Hello! I'm trying to compare whether to use a conventional or 203k loan. I tried to run some numbers as you can see in the image below. What else should I be considering when comparing these two options?I'm leaning mo...
Larry Wood
Flipping,Wholesaling Landlord from Chalmers, In. Joins BP
Hello To Everyone in BP. I am Larry Wood from Chalmers,In. Sure wish I had known about BP several Years ago. Although I am still learning my way around on here, I can see the immense value of the organization.The int...
Ohad Benjamin
Finding deals in Memphis
Hello BP members,My partners and I are looking to purchase some properties in Memphis. We have a pretty clear idea of the type of properties we are interested in (A small multi-family or a portfolio about 10 units in ...
Antonio Cucciniello
Multiple LLCs, Multiple Properties, Multiple Bank Accounts?
Hey All! So I have bought my first 3 properties in the last year all with partnerships and different loan structures. I am looking for help making sure everything is in line and I have gotten the process down so I can...
David Shoultz
Recent Flip, want to BRRR it but not sure how
After listing the house a few weeks ago, we have some great reviews and interested parties but no offers. The market has been pretty slow, however I have had numerous requests to rent. I even had an NFL player's age...
Chavis Kendrick
Landlord plan, need some advice.
My wife and I are trying to create a plan before we start home searching in August. My plan is to buy a 3 bedroom 2 bath family home that will have an estimate mortgage of $850-$880 with my VA home loan. We would have...
Kayla V.
Any Horror Stories about Sloping Floors?
Hi all. I've been searching for a rental property in Akron, Ohio and I found a short sale that looks like a good BRRRR. The main issue? The floors are noticeably sloping on the main floor and the walls are cracked all...