Joel Case
VA with no money down getting beat by all cash offers
My wife and I are approved for a VA loan to owner occupy a property up to $500k but I am losing out to all cash offers. Work history is over 3 years on my job, 10 on hers for the same doctor, my credit score is a 720 ...
Roshan K.
Can't find good fourplex... should I build one instead?
Hey BP!So I live in OKC and I am in a conundrum. I want to househack, but I am having three issues. 1) Very few fourplexes are on sale in OKC. I can generally find only 1 to 3 in a 50 mile radius.2) Of those 1 to 3 fo...
Joseph Barbaretta
How much to give a GC upfront?
I've got a property that requires a pretty major rehab (asbestos siding, and needs new electrical, plumbing, HVAC, walls ....). I have a general contractor that I think will do a good job. I wanted to do the work as...
Collin Schwartz
My 4 Year Journey from 0 to 778 units!
Four years ago today I was wandering through life thinking I had made it. I was working a corporate 9-5 job, good pay and would use my 10 days of PTO for the amazing 1 week getaways. Jan 1st 2017 happened to be the la...
Sean Autry
I thought Vinyl was great!!!
SUPER bummed. Maybe I went with the wrong brand?Rather than carpet, I went with 4mm luxury vinyl planks for 2 of my units. I figured they’ll last longer (cheaper over time), and they’re very durable (so I’m tenant p...
Brett B.
Some Realtors don't service their clients well.... 2 stories
So I have a few rants that I would like to share. I feel like I can move on after sitting on the BP chair and talk about it.Story 1 - 22 unit complex in Houston TXSo I purchased a 48 unit complex about a year ago for ...
Jeremy Chaser
Do you have to essentially steal a property to make #s work?
I've been trying to purchase a rental property for the better part of a year now. It just seems like anything available on the market never works when I really look at the numbers. Here's an example of a current place...
Lesley Resnick
Do you like Ramen noodles?
I keep running into articles about people who live an extreme austere life styles and do not work full time. (I call dibs on idea for the reality show featuring that life style). I do not want to eat ramen noodles 6 ...
Rich Weese
4th obstacle to creating real wealth
And by far, is income taxes. I know there are tremendous legal methods how to not pay income taxes, or to pay very little. Judge Learned Hand(his real name!) once said in a court case " it is the right of every Americ...
Cassandra Sifford
Tenant Screening - Previous Landlord Disappeared
Good day BP!!! I am screening my 1st tenant and she seems good on paper ... so far. She's given me her pay stubs, ID, completed application and the app fee. I've verified her employment with HR. She's been with th...