Mary El
Dumb? move - Jerry Norton's 10K Club
Hey BP community, I need your help. I signed up for (yup I paid $1,000) for Jerry Norton's 10K Club. I won't go into all the details here about why I think it was a mistake after spending 5 hours with the system but I...
Josh Humbert
Chronic over thinker- Thoughts on taking a less than perfect deal to get started?
Like the title mentions, I am a chronic over thinker and know that I could spend the next 2 years learning every possible approach to BRRRR, the details, the risks, etc. I am a pretty resourceful thinker but I cannot...
Angelo Behar
Appraisal came in low, is it still a good deal?
Hello BP, I hoping for the valued opinions of the BP community for my current predicament.A purchase agreement was signed by both parties for the price of $152,500 for a 3/2 owner occupied, with two 1/1’s attached ren...
Kashif Khan
Investment strategy: $500k liquid?
Hello BP members, I am new here and have been an infrequent visitor on bp over the last 4 years or so. I currently do not own any income properties but planning to take a plunge very soon. Here for advice, guidance an...
David Jiang
Rental applicant wants a copy of my driver's license?
I'm wondering if anyone here has run into this and if so, how you dealt with it.I'm currently listing a rental as a private landlord and not getting a lot of hits except one applicant with solid scores and income. The...
Kyle Mullins
Raising Rent for Long Term Tenants After Purchasing Property
Hello! My wife and I are in contract for our first rental property, a triplex! The current owner has had it for 21 years and is older so rents have not increased over time. The current tenants are being charged $425 w...
Rick Bassett
Worst tenant ever - I missed a giant RED FLAG
If everything goes well then our worst tenant ever will be moved-out in just under 12 hours from now, the champagne is on ice and we are cautiously optimistic. Interestedly enough, the problems with this tenant have v...
Emily Sulliban
50% Rule- Is it Really a Rule?
I've been reading on the 50% rule for calculating viability on a potential rental income property:
Gross monthly rent
-(minus)50% for operating expenses
______________________________(equals)
NOI(Net Operating Inco...
Alex Johnson
Investing in Turn Key Properties??
Does anyone have strong opinions either way about purchasing turn key properties for buy and hold investment? Have you had success with them and stand by the model, or on the flip side, have you had a negative experi...
Beryl M.
Myhousedeals.com?
Has anyone heard of myhousedeals.com and if so what do you think of them?.