A little background on this one. I have been following Shea on youtube for about a year. He is in Detroit and has seen it all. I find his honest take entertaining and educational. For this video case study - some dude...
I bought a 8-unit apartment building; the value add is that rents are 20% below market value. My strategy was to buy, let the tenants go, rehab, and raise the rents. We gave notice to all the tenants (who are month-to...
A recent BP blog article by Scott Trench had the phrase “. . . guys like us here on BiggerPockets . . . “ I commented about the gendered language, because if people don’t realize they’re doing it, it can never change....
In the thread about the TV show Property Wars, it was brought up about things found in and on foreclosed property.
1. In a recent one there was the last occupant's ashes. I called the relative to come get the ashes...
BP,I am in the education phase right now. I am consuming every drop of information I can via reading, blogs, podcasts, YT, etc. I am ready to move forward with my first property as soon as the first of the year, may...
Real Estate is so freaking boring… and yet that’s all we talk about. Why – is it because this is all we are interested in?How about the meaning of life – would you engage in a conversation about the meaning of life? H...
After many of the Ashcroft capital syndications paused distributions, I get this surprise email this morning saying all LP investors need to pay additional 19.7% of invested capital call anyone have experience with c...
While cashflow is key to keep the property safely under control, I seem to find that the larger returns for our portfolio to date come from strategic growth of equity. My wife and I are still fairly small in our inves...
I was born and raised in CA. It's so heartbreaking to see what is happening to it. A recent poll says that 46% of the people plan on leaving the bay area. Let's do our own poll (FOR CALIFORNIANS or those that recentl...
In 2013 I had some good timing. Purchased a four unit apartment building, built in 1980 with major tenant and management issues. It cost me around $360k all in but I used an FHA203k loan so my out of pocket was around...