Jeff Plair
Going for 140 unit apartment complex
It been a while since I've been on bp. When I first started I had one house October 2014, since then we've bought 20 single family house and an 18 units of duplexes. Im ready to move toward buying a 140-150 unit apart...
Lois Ginter
Tenant as Helper/Employee
I will be inheriting a tenant who is a retired custom car builder/mechanic and his wife. Their unit is well maintained, and they currently do cleaning and yard maintenance on the side for other properties. They have...
John T.
Bill Dispute with Contractor
Perhaps I have been lucky to avoid this on the first handful of properties but I recently had my first dispute with a contractor. I received a bill for much more than we agreed to. I called several times to try to s...
Nadir M.
Cash out refi or no?
Hello everyone I currently had some of my rental properties appraised as I’m looking into cash out refi…What thought process is usually taken into consideration to determine whether cash out refi is a good idea or no...
Troy Studer
First Time Investor (Property Analysis)
Hello,
I am a first-time investor looking to buy a local Duplex.
The home is posted at a listing price of 134,000. As is, the home can rent conservatively for $900 per unit. The property requires no major CapEx in ...
Cory Iannacone
Deal #2: From 2 to 18 Units ($1M+ in Real Estate) In 12 Months
In December 2019, I had posted an article outlining 8 separate deals I put under contract (totaling over $1M in real estate) in 12 months. Here’s that original article here--From 2 to 18 Units ($1M+ in Real Estate) ...
Steve Dorman
Entrepreneur at heart...looking for a new start
I figured it was time for me to introduce myself to the BP community. So here I am. Background:I am currently 30 - living in a cold, non business friendly state. I am spending my time and energy operating three separa...
Al Williamson
How Did You Create a Waiting List for Your Rentals
I'm on a mission to never have another vacancy again. Part of my plan is to notify folks on my waiting list as soon as I receive a 30-day move out notice. The problem is that I need to create a waiting list.
...
Casey Cu
Depreciation on Fixup
Hi, Purchased a foreclosed property, ready to rent n 10/15/07
I redid most things...
Here is how I planned on depreciating, but called IRS to ask a question, and they seemed to imply that all of these should be adde...
Kelley Lefmann
Private Lending Terms
If one goes with a private lender (good relationship) vs. bank or prof. hard money lender, but seeks 100% financing for the first deal - is it better to go with a debt or equity partnership? Would love any input from...