Leon Lee
What is current CoC for STRs with and without 7% interest loan
Hi, Fellow BPersI recently read "Long-Term Wealth" by Avery, which mentioned a 25% Cash on Cash (CoC) return, and it seemed extremely optimistic compared to current standards. I'm curious about the CoC returns you're ...
Chase Webster
Is Cleveland as good as it seems?
I've been receiving emails from Holton-Wise for the past few weeks, and it seems like there are some pretty good deals that may cash flow around 2-300 bucks per month with decent cap rates (10-12%). Couple questions t...
Chad Baird
Memphis? Memphis. Memphis!
What's up with Memphis? Hey BP a friend pointed me in the direction of Memphis and said that it is where I should be looking at my next round of investment properties. What should I expect in Memphis? What cap rates I...
Bradley Smotherman
Started 2015 by Spending $15k on Marketing
Maybe it was the Mai Tai's in Maui...But I decided 2015 was the year to really put everything into my real estate deals. I figured it was a good idea to start direct mail so I told my friend Michael Quarles what my go...
Michael C.
Denver Under Contract on Triplex! Referrals and advise welcome.
Sometimes life is crazy with how fast things happen!
Literally looked at our first unit in person, been watching the market/mls for alittle while, this one looked interesting and I like the area so we went and looke...
Harry Williams
How often do you reconcile and record expenses?
Do record expenses and organize receipts as they come in, at the end of the week or month? Currently, I am doing them in excel as they come in but this proves to eat up a lot of time, sporadically throughout the day.
Eddie Sorrell
Just closed on four-plex and meeting with existing tenants....
Hi All,We just closed on our first buy and hold property, a four-plex. The units are currently rented, but way under the market price. I reached out to each of the tenants, confirmed they are interested in renewing f...
Sam Liu
Closed an occupied REO but can't find out who lives there
I just closed an occupied REO SFH in California last week. I drove by the house but it seemed no one lived there. From the windows, I saw there was a big mess inside the house: very dirty carpet; old and dirty furnitu...
Trevor Ewen
Philadelphia Strategy
So. We have been hitting our heads against the oft ridiculousness of the New York market. Our target has been the Bronx, but cap rates here are rough. We wish to be true to our numbers, but they definitely don't li...
Lloyd Segal
Economic Update (November 16-21, 2020)
Economic Update(Monday, November 16, 2020)
Last week, the stock market roared higher on the news that a highly effective Covid-19 vaccine appeared to be just on the horizon. That was great news, but there’s still ...