Jason Wu
Two family house with only one electric meter
Greetings to the great BP community! I am currently looking at a two family house. I am planing to live in one unite and rent out the other. The problem is there is only one electric meter. How do I price out the ren...
David Wright
Lost a Deal at Full Price
So, I made a full price offer on an apartment complex last week and lost the deal. Here are the details:19 units, 11 need complete rehab (down to the studs). 7 units rented month to month at an average of 395/unit. 1...
Hannah Kingslien
How To Deny Tenant Application
Hello everyone,My husband and I just bought our first rental house in Beloit Wisconsin, and are in the process of finalizing our Tenant Application.I was wondering how to go about disqualifying applicants in a respect...
Jarrod Williams
Deal Making Logistics
I would like to start a discussion about deal making to help clarify some confusions that I have that generally revolve around logistics with execution. Background; I talked my family into starting a rental business ...
Tracey Montgomery
First time investing in real estate out of state need advice
Hello! I currently live in Pittsburgh and I am looking to sell my 3 brd home and also invest in real estate in S.C in which I will be moving to eventually. Is it possible to invest in real estate once I sell my h...
Craig Anderson
Mobile Home Park 1st purchase, need advice
Hi there BP! I've stumbled across a package deal to acquire 3 Mobile Home Parks. The seller will carry 50% if I purchase all three parks. The prices are right, and they all cash flow with tenants owning all but 2 of...
Ryan Burnham
Let’s see how we may be able to help each other
I’ll give the details of what I’m looking for in case you don’t care to hear my backstory. I’m looking to stop making excuses and want to start exposing myself to real estate in some manner to better understand it, ma...
Rick Trevizo
Cash out refi advice?
Hello everyone, hope you all are staying safe and in good health. I need some advice regarding a cash out refi. So I currently own a 4-plex in Phoenix and currently have a loan balance of $295k. My current rate is at ...
Phoebe Hodges-Carter
Mentor Partnership Agreements
Hello Everyone,
I have an opportunity to learn from a mentor and he's made the following offer to me. He suggested we form a partnership where 25% of profits are put into a general business fund and the othe...
NA Jones
Conversing with the other agent
Little background: I am a newly licensed agent. I haven't had a transaction yet. I have a couple buyers clients who aren't really motivated, and no listings yet. Needless to say - I DONT KNOW THE ROPES! Hahaha.My...