J H
My next question - finding distressed sellers
Again, without writing a novel explaining the details and reasoning behind this (should be obvious to the experts anyways) - I want to locate properties owned by distressed sellers.
Maybe they're not even selling eit...
Mike Cartmell
Option Exercised but low appraisal
My tenant buyer has exercised their option to purchase but the appraisal came in low. I do have a clause in our contract that states I have the right to sell at the appraisal price but I am wondering if I am still ob...
Kurt K.
Deal Analysis.
Hi everyone. I'm new to BP and new to REI in general. I'm looking to do my first deal and currently have an offer in a 6-unit multi-family house. Seller asking $140k with gross profit of $31k and net with $19k(w/o dep...
Account Closed
Is Moving from LA to another Market a Good Idea?
Hi Everyone!I currently live in Los Angeles and I am actively looking to start investing in real estate. My ideal first deal would be a multi-family (anything from a duplex to a quadplex) in which I would live in one ...
Nadir M.
Is rent too high for my listing?
I currently have a property that I had listed for rent for $1550. I haven’t had much luck within a couple days, as I’m used to with my other listings, so reduced it to $1495. It’s been at $1495 for about a week now. I...
Matt Cianci
Long Distance Landlord - Avoiding Management Companies
We are a group of investors from NY, NY, TX looking to buy a duplex in FL. Many of the deals we evaluate are showing 7-8% cap rates, which works well for us, but once we stick a management company fee on there it is w...
Arthur Zaragoza
Turn $100k into $5k/month positive cash flow
Looking to turn $100k into $5k/month in positive cash flow in 1-2 yrs
Hi, I just sold my rental property and refinanced my primary residence. Now I have a bit over $100k to invest and would like to scale into a busi...
Scott Passman
Trusting "deals" as out of state investor
As a new investor looking to invest out of state, I'm finding it very difficult to know when a deal is actually a deal. I have spent a lot of time tracking the MLS, Zillow, redfin etc. and reading up on the varying ne...
Jody Young
Real danger of asking for private money - long bitter post
I debated on posting this because the incident has discourage me so much. But here it is:Last Friday I arrived home to a business card from a detective from our police department. I had just got home from visiting my ...
Jeff G.
Realistically, Who Gets 30+ Unit Apartments With No Money Down?
I'm reading How to Make Big Money in Small Apartments by Lance Edwards. Informative or not, it has definitely got the "written by a real estate guru" vibe. Please level with me, folks. Who realistically gets 10-30 uni...