Sean Salandy
Flipping using Owner Financing and How to Structure
How would I go about structuring a seller finance deal for a flip? I know the terms would depend on the sellers situation but I guess I’m looking for an example of what one would look like.
So for a house valued at ...
Jimmy Chao
Slip on Ice Complaint received from tenant
I have a property OOS. One of my tenants texted me and said he slipped on ice on the steps. This was very surprising to me as the temperature had been above 50 the day before and was already over 50 that day, so there...
Rudy Manna
Latest BRRRR in Tacoma
This is one of our latest BRRRR in Tacoma. Overall the project turned to be pretty good, according to bank appraisal we have 40k+ (20%-25%) walk-in equity. $1450 rent versus total cost of 157K , just shy of 1% (0.93%)...
Ole Henrik
If you have reached FI through REI, how did you do it?
Curious and impressed by people who have done it, and eager to learn how! Would be cool to hear how you started, and what you have done to reach financial independence through real estate investing.
John Worley
The Truth about No Closing Cost Mortgages
The Truth About No Closing Costs Mortgages
You hear about them on the radio all day long. "We'll do your mortgage with no closing cost!" And you think to yourself, "Hey, that a good deal." Well you know what the wise...
James Africano
4-Plex Rental Analysis - Need Another Set of Eyes
Hi all!I've been searching around and finally found a 4-plex that caught my eye around me. I went and was shown the property by a realtor and it looked like a decent property to own as a rental. Great location next to...
Account Closed
First Real Estate Investment Advice Wanted
We have a budget of 250,000.My question is, is it better to have more properties worth less each, or less properties worth more each. Example would be I could buy 2 properties worth 100k each cash, or buy 10 propertie...
Chris Horne
Investing Remotely / Property Management
Hi everyone, My goal is to buy multi-family properties for long-term, passive cash flow. I’m in New York, but the local real estate market here seems impossible right now for someone like me, so I decided to invest re...
Jason Coleman
Insurance Claim for Fire Damage
Hey BP,So I had my first fire in one of my rentals. This was an electrical fire and NOT the tenants fault. I filed a claim and my insurance company is estimating the damage currently. This is a 4 unit property and luc...
Wendell De Guzman
Violating the 70% rule and still making money?
Have you violated the 70% rule and still made money?
For those of you who don't know, the 70% rule is basically the multiplier you have for the ARV (or After Repair Value) from which you deduct the repairs an...