Christine Walsh
Good help is hard to find
Hello again,I am having a hard time getting in to see any houses on the market that aren't FSBO. The problem seems to be the real estate agents have NO interest in working with a beginner investor. The last agent I ...
Scott Bartlett
Low-Ball Offer on an REO thoughts?
I just put in my first offer on a REO property owned by Chase Bank.
The property has been on the market for 148 Days.
The property was listed around October 12th of 2012 at $25,000.
45 Days Later, the bank reduced ...
Tyler Smiarowski
Awesome Bank Financing! Does anyone else do this??
I hear a lot of people on BP talk about that the best they can get for financing is typically 80% LTV. A local bank I work with will loan out 85% LTV on 4 units or less and 80% on 5 units or more...here is the kic...
Cliff T.
Starting an LLC questions
Hi all,I know there have been dozens of posts re: LLCs but I'm having a hard time nailing down specifics. I understand I should consult an attorney and CPA for the nitty gritty, but can someone please walk me through ...
Brandon Schlichter
So, I want to own 500 rentals, but how do I get there?
Since getting in real estate 11 years ago, I knew I wanted to buy rental properties. Then in 2013 I finally got the shot to do it after finally finding a private money partner to go in with and start buying. Since Jul...
Mike Schorah
Why are fix-and-flips more popular than creative financing?
Is it because most people don’t like marketing? Is it because subject to’s can be very risky in terms of the certainty of making payments and the potential loss of equity built? Is it because people don’t want to deal...
Peter S.
Calculating Return on a house for rent
Hello all, I have a numbers based question that I can't quite figure out. I currently own my home and have a mortgage on the property. I am looking at potentially buying a new home and renting out my current residence...
Jack B.
Good markets for inexpensive properties with good cash flow?
I was able to get three cash flow positive properties with solid CoC returns during the downturn, and part of the way up, but in the greater Seattle area it is getting harder and harder. Prices are too high relative t...
Erin L.
Bad Credit - Good Tenant?
I could really use some cumulative life experience advice this evening! I just used the MySmartMove site for tenant screening and was greeted with a tenant score of "conditional" with a FICO of 468. I have had bo...
Brendan Murphy
I want to BRRRR, but I'm stuck on step 1. Insights?
I'm just getting started into real estate and I want to BRRRR a multifamily property. I have a foundational understanding of how it all works, but I have a hang-up on the first step: Buying. I live in Boston, so bei...