David Hedges
property tax drastically different from closing docs
Around the end of November I closed on a property. in the closing docs they had estimated property tax to be a little over $300/yr, and credited about $280 to me at closing for the first 11 months tax. Tax time rolled...
Peter Hynes
Seller disclosure "no representation" and "no inspection"?!
Hi BP,
My REI partner and I are about to purchase our first two single-family homes. Our realtor got a deal on 9 homes with a wholesaler. We are buying each home for $148,000, with $500 in earnest money, and the Zi...
Raleigh Lewis
Where can I borrow 15k?
Hello BP Fam,I am a new investor looking at what could be my first deal. The property is a 2bd 1 bth shell in Philadelphia, the seller was asking $26,000 I was able to talk him down to $18,000 due to repair cost and a...
Mickey Roberts
Question from a Renter
I am coming to you guys because I just don't know what I can do or should do. Any guidance would be greatly appreciated!I was renting a house for a year and a half before my boyfriend proposed and we decided to move i...
Nick J.
Multiple ads on CL
I know there is a way to place multiple ads on CL
What I keep coming across is not being able to post the same postlets ad b/c I've already posted it recently.
What are the ways some of you are creating an ad and ha...
Jason Parks
Tips To Avoid Housing Bubble
Buying a a property is like buying a business. Nobody wants to pay too much for a business that generates only so much profits. Similarly, we need to think rationally about a property from an income approach, just lik...
Glenn Plantone
High Rise Condos Continue to Drop in Price...Maybe Time to Buy for Some?
I recently attended the public auction held to sell 20 units in the three MGM Signature towers located just off the Las Vegas strip. The auction was held on April 21st and was attended by about 125 people. All units w...
Ryan Johnson
Barriers to Entry aren't so Bad
It’s kind of crazy how the economics of things always seems to even things out. One demonstration of this is the concept of ‘barriers to entry.’ I remember when I was back in school and this was just some busi...
Jon Rood
Does the 2% or 50% rule apply to new construction?
I am thinking about building a 6 unit building. Each unit is 3br/2ba and would rent for 850.00. This is a little below market to be conservitive. I can build the project for an all in cost of $385k. This would be a ca...
Allison Hazel
Peak Potentials Real Estate Intensive
I just attended a Millionaire Mind Experience (Peak Potentials) and got a lot out of it. I didn't buy anything there, but I did get interested in the Real Estate Intensive they are selling. Has anyone tried it?