Kris Fox
Inherited Tenants with Low Rents Question
I've got a package of 3 SFRs under contract. All 3 tenants have been in the houses for 10+ years and have not seen a rent increase since they moved in. Current rent is $700Market rent is $1000-$1050 after I go in an...
Martin Saenz
Deliverying Value Upstream in the Note Business
You can wait for note opportunities to find you or perhaps you are situated with sellers that free flow deals to you already. If you’re like most, you’re having to revamp your business model in order to carve yourself...
Nate Ginsberg
Raising rent on inherited tenants vs rehab & raise rates
Hey friends!My wife and I will be house hacking a duplex - our first deal! - and the tenants in the other unit have been there 10 years!! Since the seller bought the house, actually. The seller never raised rents duri...
Mark Weinstein
Covid-19 Impact on Realtors. Anyone Else Struggling?
Hey BP Fam,Let me start this post by saying that the Covid-19 pandemic is effecting millions of people worldwide and people are literally losing their lives. I understand how grateful I am for my health and I understa...
Roger R.
Buyer defaults on a time is of the essence contract.
I was scheduled to close on the sale of my NYC property on March 31st. One day before the close date the buyer called me up and said he wouldn't be closing. He gave invalid reasons why he couldn't close (Title compa...
Shane Thomas
What's more important? Experienced operator or strong deal?
What do you think?Is an active operator with less experience, but a strong deal, a better investment than a more experienced, 'mehh' deal? For example, if you are a passive investor with 100K liquid and are looking fo...
Alex Folchi
Keep Seller as Tenant?
Seller has made it clear that she would like to stay on as a tenant for some period of time. She is near retirement, but not quite ready. I am new to investing in general and have not heard of this yet.What red flags ...
Teya Beradze
Balancing work and RE
My husband and I are getting into REI and between very demanding job and family we have a very little time left for RE. We are determined to stick to it and keep at it but wonder how do you organize yourself and prior...
Anthony Morrow
In-law unit rent long term or short term
To all I look for ideas and hear is my scenario: I have in law unit 1bed/1bath 486 sq ft I could rent for $1500 long term or set up the ADU as a furnished short term rental? The unit is close to main highways to tour ...
Michael Myers
Knowing what is a fair price for a contractor's work
One of the things i'm most concerned about with being a REI is when I will need a contractor to help me with rehad, refinishes, etc. I know for a fact I'm not going to be efficient at rehabbing a house myself. For one...